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NCSOFT Announces Annual Financial Results for 2024

  • Consolidated annual revenue reported KRW 1.58 trillion for 2024, with an operating loss of KRW 109.2 billion and net income of KRW 94.1 billion.
  • Royalty sales increased by 26% year-over-year, driven by the global success of THRONE AND LIBERTY, with overseas and royalty revenue accounting for 34% of total revenue.
  • Continues to invest in portfolio diversification and publishing expansion as part of its strategy to strengthen global growth opportunities
  • Remains strategically focused on enhancing game quality and developing globally competitive new IPs, laying the foundation for a turnaround in 2025

2025. 02. 12

PANGYO, Korea (February 12, 2025) – NCSOFT today announced its annual financial results for the fiscal year ended December 31, 2024.

NCSOFT’s full-year consolidated revenue for 2024 totaled KRW 1.58 trillion, reflecting an 11% YoY decline. The company recorded an operating loss of KRW 109.2 billion, transitioning to a deficit largely due to one-time severance expenses and increased marketing costs for new game launches. Net income stood at KRW 94.1 billion with a 56% YoY decline, impacted by operating losses.

By region, annual sales were KRW 1.03 trillion in Korea, KRW 227.5 billion in Asia, and KRW 134.2 billion in North America & Europe. Royalty sales rose 26% YoY to KRW 182 billion, driven by the global success of THRONE AND LIBERTY. Combined overseas and royalty sales accounted for 34% of total revenue.

By platform, mobile game sales reached KRW 936.7 billion, while PC online game sales totaled KRW 351.8 billion.

In the fourth quarter, revenue reached KRW 409.4 billion, up 2% QoQ. The company recorded an operating loss of KRW 129.5 billion and a net loss of KRW 7.6 billion. PC online game sales reached KRW 93.4 billion, marking the highest quarterly sales in two years. Blade & Soul sales more than quadrupled QoQ, driven by the successful launch of its BNS NEO server, while Guild Wars 2 grew 30% QoQ fueled by expansion pack sales.

In 2024, NCSOFT undertook structural improvements and organizational adjustments to build a more sustainable foundation for future growth. To achieve a meaningful turnaround in 2025, NCSOFT will continue to:
- Strengthen Live IP competitiveness
- Expand user-friendly services and enhance game quality
- Develop globally competitive new IPs
- Expand publishing business and global partnerships

NCSOFT is actively diversifying its portfolio by developing new in-house IPs while also expanding its publishing business. With a strong focus on the global market, NCSOFT is preparing a robust pipeline of upcoming titles spanning multiple genres, including MMORPG, shooter, subculture, and strategy.

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