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Netmarble Reported Higher Revenue, Operating Profit, and Net Profit Over FY 2020

Poorna Shankar Posted:
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You want more financial earnings reports? Well, we’ve got them. Today, we’ve got Netmarble earnings data to serve up for you. Netmarble, publisher of Lineage 2: Revolution, Blade & Soul Revolution, and more, shared their earnings for Q1 2021. Here’s how they fared.

For Q1 of Fiscal Year 2021, Netmarble reported $512.2 million in revenue, $48.7 million in operating profit, and $55.6 million in net profit. These are all up year on year from FY 2020. Additionally, it was reported that overseas sales expanded to $361.3 million which accounted for 71% of total global sales.

Seungwon Lee, CEO of Netmarble, noted in the accompanying press release,

“The sales in the first quarter were relatively sluggish due to the lack of new titles following the successful launch of Seven Knights 2 in the fourth quarter of 2020. In addition, the rise in labor costs in the overall Korean game industry led to a downside in profits.

Lee added,

“However, major live games such as the Seven Deadly Sins: Grand Cross, Marvel Contest of Champions, and Lineage 2: Revolution recorded stable results. As Ni no Kuni: Cross Worlds and new high-fidelity titles with renowned IPs, including Marvel, Seven Knights, and BTS are planned to be launched in the second quarter and the second half, significant sales growth and profits improvement are expected.”

Overall, North America comprised the largest share of revenue, accounting for 36% of total revenue. Other regions included Korea (29%), Europe (12%), Japan (9%), SEA (9%), and other territories (5%).

Top performing games were as follows:

  • The Seven Deadly Sins: Grand Cross (15% of the revenue earned)
  • MARVEL Contest of Champions (12%; Kabam)
  • Seven Knights 2 (11%)
  • Lineage 2: Revolution (8%)
  • Blade & Soul Revolution (6%)
  • Harry Potter Hogwarts Mystery (5%; Jam City)
  • A3: STILL ALIVE (5%)
  • Cookie Jam (4%; Jam City)
  • MARVEL Future Fight (3%)

You can see more earnings details at the investor relations page here. If you want more earnings report readings, check out Ubisoft’s report and NCSoft’s report.


ShankTheTank

Poorna Shankar

A highly opinionated avid PC gamer, Poorna blindly panics with his friends in various multiplayer games, much to the detriment of his team. Constantly questioning industry practices and a passion for technological progress drive his love for the video game industry. He pulls no punches and tells it like he sees it. He runs a podcast, Gaming The Industry, with fellow writer, Joseph Bradford, discussing industry practices and their effects on consumers.