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Krafton Q1 revenue hits $408m

PUBG PC and console sales were up 70% year-on-year, accounting for 33% of the firm's earnings

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PUBG publisher Krafton's Q1 2023 earnings was up 3% year-over-year, reaching $408 million in consumer spending.

Here's what you need to know about the financial earnings from the three months:

The Numbers:

  • Sales: $408 million (539 billion KRW), up 3% year-on-year
  • Operating Profit: $214 million (283 billion KRW), down 10% year-on-year
  • Net Profit: $202 million (267 billion KRW), up 11.6% year-on-year

The Highlights:

Console and PC sales for PUBG grew to 68% year over year during the quarter. It comprised 33% of the gaming firm's total quarterly revenue. The game reached its 6th anniversary back in March.

The company noted that the game's new map-making feature contributed to the growth of its mobile game label.

Looking ahead, the games firm intends to expand its operations as a publisher with self-developed games and minority stake investments.

"The company has plans to form a virtual organization to better support the 24 project pipelines under development within its ecosystem," it said.

Back in February, Krafton opened its first Canadian studio. The division is developing a video game adaptation of Yeongdo Lee's fantasy novel, The Bird That Drinks Tears.

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Jeffrey Rousseau avatar
Jeffrey Rousseau: Jeffrey joined in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.
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