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June 26, 2019
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Press Releases
  NETMARBLE CORP. REPORTS FIRST QUARTER 2019 RESULTS
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05/21/2019
 


[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource GamesPress.]

 

SOUTH KOREA May 16, 2019 - Netmarble Corp., one of the leading mobile game companies worldwide, published their financial results for the first quarter of 2019. The company posted sales of $424.6 million [₩477.6 billion], an operating profit of $30.2 million [₩33.9 billion], and a net profit of $37.6 million [₩42.3 billion] for 2019’s first quarter.

 

Upon close of the first quarter, Netmarble’s sales saw a 2% decrease from the previous quarter and a 5.9% decrease year-over-year. The company’s operating profit also decreased by 10.8% from 2018’s fourth quarter and 54.3% from the same period of last year. Netmarble’s 2019 first quarter net profit also yielded a 46.4% decrease from the same period of the previous year, and a 189.7% increase from the previous quarter.

 

“While there were no new titles launched in Q1, we expect positive results in the second quarter with highly-anticipated upcoming launches. These include The King of Fighters Allstar, Seven Deadly Sins: GRAND CROSS, and BTS WORLD in big markets like Japan, North America, and South Korea,” said Young-sig Kwon, CEO of Netmarble.

 

Netmarble’s slate of MMORPG games, including Blade & Soul Revolution and Lineage 2: Revolution, accounted for 32% of total sales in the first quarter of 2019. The company’s other RPG titles, such as Seven Knights and Marvel Future Fight, accounted for 30% of the total first quarter sales. Casual games, including Everybody’s Marble and Cookie Jam (Jam City), yielded 26% of Netmarble’s total sales in 2019’s first quarter.

 

Overseas sales also accounted for 60% ($255.9 million [₩287.9 billion]) of Netmarble’s total sales. Notable titles across the globe include Marvel Contest of Champions (Kabam), Cookie Jam (Jam City), and Harry Potter: Hogwarts Mystery (Jam City) in Western regions. Lineage 2: Revolution also continues to perform steadily in Japan.

 

For Netmarble’s second quarter, the company is developing several titles across various genres, including BTS World in the global market, and Seven Deadly Sins: GRAND CROSS in South Korea and Japanese markets. BTS World and Seven Deadly Sins: GRAND CROSS are expected to launch in June. The King of Fighters Allstar is anticipated to launch in the West later this year following the game’s South Korea launch on May 9, which is showing good performance as it is ranked in the top 5 grossing games on Apple App Store and Google Play since launch.

 

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About Netmarble Corporation

Netmarble Corporation strives to entertain audiences of all ages around the world by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is one of the fastest-growing mobile game companies and consistently ranks as a top mobile developer and publisher worldwide. With more than 6,000 employees, Netmarble has been producing and servicing some of the most successful mobile games including Lineage 2: Revolution, Blade & Soul Revolution, MARVEL Future Fight, Everybody’s Marble, and Seven Knights. As a parent company to Kabam, a top mobile game developer in massively multiplayer free-to-play games, and the largest shareholder to Jam City, a leading casual social game developer, Netmarble has a strategic partnership with CJ ENM Corporation, Asia’s largest entertainment company, Tencent Holdings, Asia’s largest internet company, and NCsoft, a prominent MMORPG company. More information can be found at http://company.netmarble.com