Netmarble Revenue Down 5.5% to $ 536 Million | Pocket


Mobile games company Netmarble has released its third quarter 2021 financial results for the period ending September 30, 2021.

The South Korean company said its revenue for the period reached $ 536.9 million, down 5.5 percent year-on-year, while net profit was 31.6 million. million dollars, down 61%.

Ni no Kuni: Cross World was the top performing game of the quarter, accounting for 20% of overall revenue.

The second and third best performing titles in the quarter were Marvel Contest of Champions and The Seven Deadly Sins: Grand Cross, which accounted for 13% and 7% of overall revenue, respectively.

Geographically, the company’s turnover was split between North America (34%), Korea (30%), Japan (12%), Southeast Asia (11%), Europe (9%) and other territories (4%).

Collectively, overseas sales accounted for about 70 percent of overall revenue, totaling $ 376.8 million.

An optimistic outlook

Netmarble’s MMORPG portfolio accounted for 40% of its revenue, with the global release of Marvel Future Revolution representing an increase of 8% from the previous quarter.

The company had previously said it hoped the release of Marvel Future Revolution “would strengthen its competitive edge.” Overall, the title, released worldwide on August 25, accounted for 4% of global revenue.

Other significant genre contributors included RPGs, which generated 27% of revenue, and casual games, which accounted for 22% of quarterly revenue.

“Netmarble has seen quarter-over-quarter growth driven by revenue generated from the previous version of Ni no Kuni: Cross Worlds and the global launch of MARVEL Future Revolution,” said Netmarble CEO Seungwon Lee.

“We expect earnings to improve in the fourth quarter following earnings consolidation, which will include global sales of our recently acquired social casino games company SpinX Games, as well as the launch of Seven Knights 2, which debuted in 172 countries around the world. “

Going forward, the company has plans to release several titles in the first half of 2022, including a global launch of Ni no Kuni: Cross Worlds, Merge KUYA Island, and the launch of Seven Knights Revolution in South Korea.

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