NETMARBLE RELEASES FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS FOR 2019 FISCAL YEAR
Seoul, South Korea – February 19, 2020 – Netmarble Corp., a global mobile game company focusing on creating entertaining gaming experiences for players of all ages, has reported financial results for the fourth quarter of 2019, as well as the full 2019 fiscal year. The company earned $473.3 million in sales and $43.1 million in operating profit, from October – December 2019. Throughout the 2019 fiscal year, Netmarble earned $1.866 billion in sales, $173.1 million in operating profit and $136.2 million in net profit.
As Netmarble continues to expand into the Western regions in Q4 2019, its slate of games has performed steadily in North American markets. Titles include MARVEL Contest of Champions (Kabam) (17% of revenue generated), Lineage 2: Revolution (13% of revenue generated), Cookie Jam (Jam City) (5% of revenue generated), THE KING OF FIGHTERS ALLSTAR (5% of revenue generated),MARVEL Future Fight (4% of revenue generated), and Harry Potter: Hogwarts Mystery (Jam City) (4% of revenue generated).
Global revenue share for Q4 2019 lists North America accounting for 30% of revenue generated, Europe with 11% of revenue generated, and other territories including Korea generating 59% of total company revenue. Korea’s Q4 2019 revenue share is 28% of revenue generated, overseas sales accounted for 72% ($342.3 million) of overall sales for the fourth quarter.
“The launches of our AAA mobile titles such as THE KING OF FIGHTERS ALLSTAR, BTS WORLD, and the continued success of our ongoing titles like Lineage 2: Revolution and MARVEL Contest of Champions, demonstrate our ability to deliver globally acclaimed games year after year,” said Seungwon Lee, Co-CEO of Netmarble. “Following Magic: ManaStrike’s worldwide January launch, The Seven Deadly Sins: Grand Cross’ global release in March, and upcoming launches of Blade & Soul Revolution in Asia in Q2 and the global launch of MARVEL Realm of Champions in the first half of 2020, we continue to produce innovative, exciting new titles while supporting our diverse portfolio of world-class, mobile gaming experiences in 2020.”
Netmarble’s fourth quarter yielded a 13.3% increase year-over-year and an 11% decrease compared to the third quarter, an operating profit increase of 32.1% year-over-year, with a 40.5% decrease from the previous quarter, with a net loss of $5.4 million. Year-over-year from 2018, sales increased by 7.6%, operating profit decreased by 16.5%, the company’s net profit saw a decrease of 26.1%.
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About Netmarble Corporation
Netmarble Corporation strives to entertain audiences of all ages around the world by providing great mobile gaming experiences. Established in Korea in 2000, Netmarble is one of the fastest-growing mobile game companies and consistently ranks as a top mobile developer and publisher worldwide. With more than 6,000 employees, Netmarble has been producing and servicing some of the most successful mobile games including Lineage 2: Revolution, Blade & Soul Revolution, MARVEL Future Fight, BTS WORLD, Everybody’s Marble, and Seven Knights. As a parent company to Kabam, a top mobile game developer in massively multiplayer free-to-play games, the largest shareholder to Jam City, a leading casual social game developer and a major shareholder of BigHit Entertainment, a music production, artist management company, Netmarble has a strategic partnership with CJ ENM Corporation, Asia’s largest entertainment company, Tencent Holdings, Asia’s largest internet company, and NCsoft, a prominent MMORPG company. More information can be found at http://company.netmarble.com