Home / Uncategorized / Netmarble revenue drops 5.5% to $ 536 million | Pocket Gamer.biz

Netmarble revenue drops 5.5% to $ 536 million | Pocket Gamer.biz

Netmarble, the mobile games company, has released its financial results for the third quarter of 2021 for the period ended September 30, 2021.

The South Korean company reported revenue of $ 536.9 million, down 5.5 percent from a year earlier, while net income was 61 percent at $ 31.6 million.

Ni no Kuni: Cross World was the top performing game of the quarter, accounting for 20 percent of total sales.

The second and third best titles of the quarter were Marvel Contest of Champions and The Seven Deadly Sins: Grand Cross, which accounted for 13 percent and seven percent of total sales, respectively.

The company’s sales were geographically distributed in North America (34 percent), Korea (30 percent), Japan (12 percent), Southeast Asia (11 percent), Europe (9 percent) and other areas (4 percent).

Overall, overseas sales accounted for around 70 percent of total revenue and amounted to $ 376.8 million.

An optimistic outlook

Netmarble’s MMORPG portfolio accounted for 40 percent of sales, with the global release of Marvel Future Revolution representing an eight percent increase over the previous quarter.

The company had previously stated that it hoped the release of Marvel Future Revolution would “strengthen its competitive advantage.” Overall, the title published worldwide on August 25 accounted for 4 percent of total sales.

Other significant genre contributions are role-playing games, which generated 27 percent of sales, and casual games, which made up 22 percent of quarterly sales.

“Netmarble grew quarter-over-quarter on revenue from the previous release of Ni no Kuni: Cross Worlds and the global launch of MARVEL Future Revolution,” said Seungwon Lee, CEO of Netmarble.

“We expect earnings to improve in the fourth quarter after earnings consolidation, including global sales of our recently acquired social casino games company SpinX Games and the launch of Seven Knights 2 in 172 countries around the world debuted. “

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

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