Sections
Best Places to Work graphic

Making the games industry a better place to work

Find out more
Best Places to Work graphic

Netmarble Q2 sales down 16%, publisher optimistic ahead of new Marvel launch

Contest of Champions continues to drive revenues as new licensed game prepares to launch

Korean mobile firm Netmarble has reported its financial results for Q2, 2021, showing a slight decline in sales during the quarter.

For the three months ended June 30, 2021, total sales reached KRW 577 billion ($492 million), a 1.2% increase on Q1 but a 15.8% decrease year-over-year.

Net profit was KRW 48.2 billion ($43.1 million), a 43% decrease year-over-year compared to the KRW 85 billion ($72.6 million) made during the same period in 2020.

Netmarble CEO Seungwon Lee noted that marketing costs related to Ni no Kuni: Cross Worlds "put a significant drag on second quarter profitability."

Marvel: Contest of Champions continues to be a solid driver for the publisher, representing 13% of all revenue. Other games reporting high revenue shares are Seven Deadly Sins: Grand Cross (13%) and Ni no Kuni: Cross Worlds (12%), which released in June.

Looking to the latter half of the year, Netmarble is anticipating the global release of Marvel Future Revolution on August 25. Lee is optimistic about the launch of the title, and said that it will "fortify Netmarble's competitive edge in the global gaming market."

The publisher also moved to snap up mobile casino developer SpinX Games earlier this month for a cool $2.19 billion. Lee noted that the acquisition will "play an integral role in the expansion of Netmarble's casual game lineup."

Best Places to Work graphic

Making the games industry a better place to work

Find out more
Best Places to Work graphic

More stories

Netmarble to acquire SpinX Games for $2.19bn

Lineage 2: Revolution publisher aims to add social casino games to its catalog

By Jeffrey Rousseau

Netmarble acquires Kung Fu Factory

Mobile publisher picks up a majority stake in LA studio behind WWE Champions and NBA Ball Stars

By Brendan Sinclair

Latest comments

Sign in to contribute

Need an account? Register now.