NETMARBLE REVEALS FINANCIAL EARNINGS FOR SECOND QUARTER OF 2022
LOS ANGELES – AUGUST 23, 2022 – Netmarble Corp, a leading developer and publisher of mobile games, reported $535.95 million in revenue, $17.46 million in EBITDA, and an operating loss of $28.09 million for the second quarter of 2022. Overseas sales accounted for 85% ($453.12 million) of total global sales.
“Releases late in the second quarter led to some of our new titles such as Ni no Kuni: Cross World and Merge Kuya Island having limited financial impact in the first half of 2022,” said Young-sig Kwon, CEO of Netmarble. “We expect to see increased performance in the third quarter, including the successful July launch of Seven Knights Revolution in South Korea, along with a variety of new titles slated for the second half of the year, including Overprime (early access), BTS Dream: TinyTAN House, and Charlotte’s Table, as well as blockchain games Let’s Get Rich: Meta World, King of Fighters ARENA and Monster Arena Ultimate Battle.”
Netmarble’s Q2 and H1 2022 financial results include:
- For the first half of 2022, Netmarble earned $1.048 billion in sales and $54.51 million in EBITDA. The company reported an operating loss of $37.78 million and a net loss of $139.78 million.
- North America led revenues (49%) with diversification across other key territories as follows: Korea (15%), Europe (12%), Southeast Asia (11%), Japan (8%), and other regions (5%).
- Netmarble’s portfolio showed genre diversification across Casual Games (47% of revenue generated), RPGs (22%), MMORPGs (22%), and other genres (9%).
- Top performing titles for the second quarter included: Ni no Kuni: Cross Worlds (10%), MARVEL Contest of Champions (10%) (Kabam), Cash Frenzy (8%), Jackpot World (8%), Lotsa Slots (8%), and The Seven Deadly Sins: Grand Cross (7%). All other games contributed to 49% of the company’s earned revenue.
A breakdown of the total financial earnings is below:
| 4/1/22 – 6/30/22 actuals | YoY Changes | QoQ Changes | |
| Total Sales | $535.95 million | +14.4% | +4.6% |
| EBITDA | $17.46 million | -48.6% | -53.0% |
| Operating Loss | $28.09 million | – | – |
| Net Loss | $97.77 million | – | – |
For details on Netmarble’s quarterly performance and to listen to the earnings call, please visit the company’s Investor Relations page.
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About Netmarble Corporation
Established in Korea in 2000, Netmarble Corporation is a top developer and publisher pushing the boundaries of the mobile gaming experience with highly innovative games including Seven Knights 2, Ni no Kuni: Cross Worlds, MARVEL Future Revolution, Lineage 2: Revolution, The Seven Deadly Sins: Grand Cross, Blade & Soul Revolution and MARVEL Future Fight. As a parent company of Kabam and SpinX Games, and a major shareholder of Jam City and HYBE (formerly Big Hit Entertainment), Netmarble strives to entertain audiences around the world with a variety of mobile games based on its powerful franchises and collaborations with IP holders worldwide. More information can be found at http://company.netmarble.com
