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title NCSOFT Announces Financial Results for First Quarter 2019
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date 2019.05.10

- Quarterly consolidated revenue posted KRW 358.8 billion with operating profit of KRW 79.5 billion and net income of KRW 74.7 billion


PANGYO, Korea (May 10, 2019) – NCSOFT, a global premier game developer and publisher, today announced the financial results for its first quarter ending March 31, 2019. The company posted global consolidated quarterly revenue of KRW 358.8 billion, operating profit of KRW 79.5 billion and net income of KRW 74.7 billion.

NCSOFT’s quarterly revenue reported a decrease of 10% QoQ and 24% YoY. Its operating profit saw a downward trend at 29% QoQ and 61% YoY. The net income posted a 10% increase QoQ and a 37% decrease compared to the year-ago quarter.

Revenue breakdowns by products are as follows: △mobile games with KRW 198.8 billion, △Lineage with KRW 20.7 billion △Lineage 2 with KRW 21.6 billion, △AION with KRW 12.3 billion, △Blade & Soul with KRW 23.3 billion, and △Guild Wars 2 with KRW 16.3 billion.

Regional revenue for each territory showed: △KRW 259.5 billion in Korea, △KRW 25.3 billion in North America and Europe, △KRW 7.7 billion in Japan, and △KRW 8.9 billion in Taiwan. Royalty revenue was KRW 57.4 billion.

The royalty revenue saw an increase of 8% compared to the previous quarter, largely fueled by the effects from Lineage M’s large-scale update and the mobile games created based on NCSOFT’s wholly-owned intellectual properties. Lineage 2 demonstrated a robust consecutive growth over the past three quarters, driven by the increased player traffic from the opening of free servers and a wide variety of content updates.

NCSOFT's flagship mobile MMORPG, Lineage M, is slated to launch in Japan on May 29. Lineage 2M is also in the company's new mobile project pipeline, expected to launch in the second-half of 2019.

For additional information on NCSOFT's first quarter financial results, please visit the Investor Relations section of NCSOFT's website at http://global.ncsoft.com/global/ir/earnings.aspx.
 

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