Netmarble's quarterly revenue fell by 26% due to lower sales and delayed releases
Korean publisher Netmarble reported for the 1st quarter of 2018. According to its results, the company’s revenues and profits have significantly decreased compared to last year. Netmarble explained this by slowing down game sales and delays in the release of new titles.
In the 1st quarter of 2018, the Korean company earned $475 million, which is 26.2% less than a year earlier.
The profit amounted to $74 million, a decrease of 46% compared to the 1st quarter of 2017.
The company noted that a significant part of the quarterly profit was made up of dividends received by Netmarble on NCsoft shares. Netmarble and NCsoft became each other’s shareholders in 2015, exchanging securities worth about $360 million.
The mobile role-playing MMO Lineage 2 Revolution remained the Netmarble revenue driver. It generated 35% of all revenue.
Netmarble Quarterly revenue division by genre and Title, Netmarble
In the 2nd quarter of 2018, the company expects to increase revenues due to new releases.
Netmarble has already launched such titles as the mobile fishing simulator Fishing Strike and the role-playing game Harry Potter: Hogwarts Mystery, and also planned the release of the role-playing game Teria Saga and MMO strategy Iron Throne based on the series “Game of Thrones”.
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