The Japanese mobile gaming company DeNA expects its overseas business to turn a profit for the first time this quarter.
In an interview with Reuters, Isao Moriyasu, the company's CEO, indicated that DeNA's in-game currency would generate around $60 million in revenue from foreign territories this quarter - around double the amount reported in the July to September quarter, and enough to send the business into the black.
"What we're aiming for is to turn a profit in the fourth quarter and we're on our way to that," said Moriyasu.
However, $60 million is a minuscule amount compared to the $700 million the company earned from its Japanese players in the prior quarter. Moriyasu gave no impression of DeNA's expectations for its foreign business more than two years after its $400 million acquisition of ngmoco, though he stressed the difficulty of building a business outside of Japan.
As part of its ongoing push for expansion in Western markets, DeNA signed a three-year deal to develop and publish games based on Hasbro's Transformers license. It has also assembled a crack studio of AAA talent, Scattered Entertainment, which is currently developing a “console quality” FPS for mobile.
Moriyasu confirmed DeNA's interest in other mergers and acquisitions to strengthen its operations in the United States, China and South Korea.
"M&A remains an important channel to expand and as we expect the overall market to continue its growth. We are always interested in businesses that can complement our business," he said.