NC

NCSOFT today announced the consolidated financial results for the first quarter ending March 31, 2024.

NCSOFT reported quarterly revenue of KRW 397.9 billion, operating profit of KRW 25.7 billion, and net income of KRW 57.1 billion.

The quarterly revenue demonstrated a decline of 9% QoQ and 17% YoY. The operating profit and net income increased by 568% and 127% QoQ, while experiencing a 68% and 50% YoY decrease, respectively.

Operating expenses decreased by 14% QoQ and 6% YoY. Marketing expenses dropped 83% QoQ to KRW 6.9 billion, reflecting efforts to optimize marketing spending and enhance cost efficiency.

Quarterly mobile game sales reached KRW 249.4 billion, marking a 17% decline QoQ. PC online game sales witnessed a 4% increase QoQ, reaching KRW 91.5 billion. Royalty sales rose by 7% compared to the previous quarter, driven by the performance of Lineage and Lineage 2 IP titles.

Sales for each region posted KRW 259.4 billion in Korea, KRW 69.2 billion in Asia, and KRW 36.6 billion in North America and Europe. Overseas sales, including royalty, accounted for 35% of the total quarterly revenue.

In 2024, NCSOFT plans to release three new titles: BATTLE CRUSH, Project BSS, and a new game developed based on its existing IP. Global expansion of its service regions will continue throughout the year. In addition, preparations for global service of THRONE AND LIBERTY, the launch of Blade & Soul 2 in China, and the release of Lineage 2M in Southeast Asia are currently underway.