LOS ANGELES – NOVEMBER 7, 2024 – Netmarble Corp, renowned mobile game developer and publisher, has announced its financial earnings for the third quarter of 2024. The company recorded $478.60 million in revenue and $75.99 million in EBITDA globally, with an operating profit of $48.43 million and a net profit of $15.22 million this quarter.
“Netmarble has slowed down in its growth, including revenue and operating income, in the third quarter due to the absence of major new releases,” said Young-sig Kwon, CEO of Netmarble. “We are expecting an increase in momentum as we launch King Arthur: Legends Rise by the end of this year, with nine new titles, including highly anticipated games like The Seven Deadly Sins: Origin, to be released in 2025. More information on our upcoming releases will be shared soon.”
Netmarble’s Q3 and accumulated 2024 financial results include:
- Cumulatively for 2024, Netmarble earned $1.49 billion in sales and $219.26 million in EBITDA, reporting an operating profit of $133.38 million and a net profit of $127.91 million.
- North America led revenues (43%) with diversification across other key territories as follows: Korea (23%), Europe (13%), Southeast Asia (8%), and Japan (7%), and other regions (6%).
- Netmarble’s portfolio showed diversification across various genres, including Casual Games (39%), RPG (38%), MMORPG (15%), and other genres (8%).
- Top performing titles for the third quarter included: Solo Leveling: ARISE (13%), Marvel Contest of Champions (8%), Jackpot World (8%), Lotsa Slots (7%), Cash Frenzy (7%), Raven2(6%), The Seven Deadly Sins: Grand Cross (4%), and Arthdal Chronicles: Three Factions (3%).
A breakdown of the total financial earnings is below:
| 7/1/24 – 9/30/24 actuals | YoY Changes | QoQ Changes | |
| Total Sales | $478.60 million | 2.6% | -17.2% |
| EBITDA | $75.99 million | 319.6% | -32.0% |
| Operating Profit | $48.43 million | – | – |
| Net Profit | $15.22 million | – | – |
For details on Netmarble’s quarterly performance and to listen to the earnings call, please visit the company’s Investor Relations page.
About Netmarble Corporation
Established in Korea in 2000, Netmarble Corporation is a leading developer and publisher of top-grossing mobile games worldwide. Through powerful franchises and collaborations with acclaimed IP holders, Netmarble strives to elevate the gaming experience and entertain audiences globally. As a parent company of Kabam and SpinX Games, and a major shareholder of Jam City and HYBE (formerly Big Hit Entertainment), Netmarble’s diverse portfolio includes Solo Leveling: ARISE, Seven Knights Idle Adventure, Tower of God: New World, Lineage 2: Revolution, MARVEL Future Fight, Ni no Kuni: Cross Worlds and The Seven Deadly Sins: Grand Cross. More information can be found at http://company.netmarble.com.
