Sections

Connect with world renowned investors

14 - 16 April 2021

Join the event

Pearl Abyss preps IPO as Black Desert Online tops $300m revenue

Korean publisher rolled out its MMO to Steam this year, selling 500k units since

The Korean publisher Pearl Abyss is prepping for an IPO, based on the strong commercial performance of its hit MMO Black Desert Online.

Black Desert Online has been on the market for almost three years, in which time it has earned the equivalent of $300 million in revenue. The figures were released by Pearl Abyss at an IPO meeting, in which the company also revealed that it had 7.65 million registered users as of July 2017.

According to IvenGlobal's account of the IPO meeting, Black Desert Online has sold 530,000 units on Steam since it launched in May this year, reaching second place in the top sellers chart in June. The game was also featured in the Xbox E3 press conference as an Xbox One console exclusive, though no firm release date has been set.

Pearl Abyss plans to expand into other regions, specifically SE Asia, Turkey and the Middle East, in the near future. In China, Black Desert Online will be published by Snail Games, where it has already been pre-ordered 200,000 times.

With Black Desert Online performing well and four other projects in development, Pearl Abyss is now preparing for an IPO with an expected value as high as $164 million.

Connect with world renowned investors

14 - 16 April 2021

Join the event

More stories

Black Desert Online has made $1.7bn in revenue to date

Pearl Abyss reports its five-year-old MMO has brought in around $700m in the last 17 months

By Alex Calvin

Black Desert franchise tops $1 billion in revenues

Pearl Abyss says multiplatform MMORPG franchise has reached milestone in less than four years

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.