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Publisher’s of Jackpot World and Marvel Contest of Champions, Netmarble has reported USD472.47 million in revenue and USD15.75 million in EBITDA for its first financial quarter of 2023 with overseas sales making up 84% (USD395.40 million) of total global sales.
On top of that, due to impairment loss on intangible assets recognized in the previous quarter, Net loss narrowed QoQ (Quarter on Quarter) as non-operating income sees an increase.
“This year’s first quarter financial performance was a result of several factors, including an absence of new game releases and declining sales of existing titles.” said Young-sig Kwon, CEO of Netmarble.
“Netmarble plans to recapture its competitive position in the games business throughout the rest of the year by launching a lineup of nine new multiplatform games, including Tower of God: New World, Solo Leveling: ARISE, and Arthdal Chronicles, as well as releasing five games that have already received service license in China.”
The Q1 2023 results for Netmarble also revealed the following:
Top performing titles in terms of earned revenue had Jackpot World leading at 10%, with Marvel Contest of Champions, Lotsa Slots and Cash Frenzy following at 9%, while The Seven Deadly Sins: Grand Cross (7%), Ni no Kuni: Cross Worlds (5%), Lineage 2 Revolution (5%), and Blade & Soul Revolution bringing up the rear at 4%.
North America contributed almost half of the revenue at 48% with other countries such as Korea (16%), Europe (13%), Southeast Asia (10%), Japan (7%) and other regions (6%) making up the rest.
The top performing genres for Q1 were, Casual Games (47%), RPG (27%), MMORPG (16%) and other genres (10%)
For further details in regards to Netmarble and its first quarter financial report, you may visit their investors relation page
