Netmarble Continues Strong Commitment to New Global Titles and Diversification of Portfolio to Fortify Worldwide Position in Mobile Gaming
November 17, 2021
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]
Author: Netmarble
LOS ANGELES – NOV. 17, 2021 – Netmarble Corp, a leading developer and publisher of mobile games, reported $536.9 million in revenue and $51.8 million in EBITDA for the third quarter of 2021. Overseas sales accounted for 70% ($376.8 million) of total global sales.
“Netmarble saw growth quarter-over-quarter with incoming 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 Q4 following the consolidation of earnings, which will include global sales from our recently acquired social casino game company SpinX Games, along with the launch of Seven Knights 2, which debuted in 172 countries worldwide (excluding Korea, China, and Vietnam).”
Netmarble’s Q3 2021 financial results include:
Revenues continue to remain highly diversified across key territories, including North America (34%), Korea (30%), Japan (12%), Southeast Asia (11%), Europe (9%), and other regions (4%).
Third quarter’s top performing titles include Ni no Kuni: Cross Worlds (20% of revenue earned), MARVEL Contest of Champions (13%) (Kabam), The Seven Deadly Sins: Grand Cross (7%), Lineage 2: Revolution (5%), MARVEL Future Revolution (4%), Blade & Soul Revolution (4%), Harry Potter Hogwarts Mystery (4%) (Jam City), and Cookie Jam (4%) (Jam City). Netmarble’s other games contributed to 39% of the company’s earned revenue.
Due to MARVEL Future Revolution’s global launch, Netmarble’s slate of MMORPG (40% of revenue generated) saw an additional 8% QoQ increase. Other genre contributors include RPGs earning 27% of revenue generated, Casual Games seeing 22% of revenue generated, and other genre releases contributing to 11% of revenue generated.
A breakdown of the total financial earnings is below:
7/1/21 - 9/30/21 actuals YoY Changes QoQ Changes
Total Sales $536.9 million -5.5% +5.2%
EBITDA $51.8 million -48.9% +40.0%
Operating Profit $23.6 million -69.6% +64.2%
Net Profit $31.6 million -61.4% -25.9%
For details on Netmarble’s quarterly performance, and to listen to the earnings call, please visit the company’s Investor Relations page to learn more.
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About Netmarble Corporation
Established in Korea in 2000, Netmarble Corporation is a top developer and publisher pushing the boundaries of the mobile gaming experience with highly innovative games including Seven Knights 2, Ni no Kuni: Cross Worlds, MARVEL Future Revolution, Lineage 2: Revolution, The Seven Deadly Sins: Grand Cross, Blade & Soul Revolution and MARVEL Future Fight. As a parent company of Kabam and SpinX Games, and a major shareholder of Jam City and HYBE (formerly Big Hit Entertainment), Netmarble strives to entertain audiences around the world with a variety of mobile games based on its powerful franchises and collaborations with IP holders worldwide. More information can be found at http://company.netmarble.com
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