2023. 02. 09
PANGYO, Korea (February 9, 2023) – NCSOFT, a global premier game developer and publisher, announced the consolidated financial results for the fourth quarter and the fiscal year 2022.
NCSOFT’s full-year revenue of 2022 totaled KRW 2.57 trillion, operating profit of KRW 559.0 billion, and net income of KRW 452.6 billion. The company achieved record-breaking annual revenue, which posted a YoY increase of 11%. Operating profit and net income were also respectively up by 49% and 14% compared to last year.
NCSOFT’s quarterly revenue for the fourth quarter reported KRW 547.9 billion and operating profit of KRW 47.4 billion, demonstrating a QoQ decline of 9% and 67% and a YoY decline of 28% and 57%. Quarterly net loss of KRW 16.5 billion incurred due to non-operating losses caused by a fall in the KRW-USD exchange rate.
Annual revenue from each region showed: KRW 1.62 trillion in Korea, KRW 625.2 billion in Asia, and KRW 165.0 billion in North America and Europe. Royalty revenue posted KRW 157.0 billion. Asia and North America & Europe regions witnessed growth in revenue up by 40% and 44% YoY, respectively. Annual overseas and royalty sales marked the highest record ever, with a growth of 29% YoY, accounting for 37% of total sales.
Yearly sales for mobile games generated KRW 1.93 trillion in total, including Lineage M with KRW 516.5 billion, Lineage2M with KRW 391.5 billion, Blade & Soul 2 with KRW 55.6 billion, and Lineage W with 970.8 billion. Annual sales for PC online games totaled KRW 390.4 billion, which can be broken down into Lineage with KRW 106.7 billion, Lineage 2 with KRW 94.1 billion, AION with 68.3 billion, Blade & Soul with 26.3 billion, and Guild Wars 2 with KRW 95.0 billion.
Mobile games soared with a growth of 20%, achieving the highest record in history. Lineage W reported cumulative sales of KRW 1.33 trillion since its launch in November 2021. In the PC online category, Guild Wars 2 presented a yearly increase of 29%, driven by the release of the new expansion pack.
NCSOFT will release its new PC and console title, THRONE AND LIBERTY, within the first half of 2023 across the globe. NCSOFT will continue to diversify its portfolio by consecutively launching new titles of different genres throughout this year, including brawl action battle, collectible RPG, and puzzle.