LOS ANGELES – FEBRUARY 14, 2025 – Netmarble Corp, renowned mobile game developer and publisher, reported $475.92 million in revenue and $53.86 million in EBITDA globally for the fourth quarter of 2024. The company recorded $25.83 million operating profit this quarter.
In 2024, Netmarble cumulatively earned $1.95 billion in revenue and $271.33 million in EBITDA, with an operating profit of $158.12 million and net profit of $4.64 million.
“Though performances were still short of market expectations, Netmarble successfully turned the tables around in 2024 following two consecutive years of operating margins being in the red,” said Young-sig Kwon, CEO of Netmarble. “With new title releases, including Game of Thrones: Kingsroad, The Seven Deadly Sins: Origin, and more coming, 2025 will be a year where Netmarble lays the groundwork for a ‘next leap’ forward,” he added.
New game launches scheduled during the first half of 2025 include RF ONLINE NEXT (in Korea), Seven Knights Re:BIRTH, Game of Thrones: Kingsroad, and The King of Fighters AFK. In addition, Netmarble plans to release The Seven Deadly Sins: Origin, MONGIL: STAR DIVE, The RED (TBD; in Korea), Project SOL, and Solo Leveling: ARISE (on Steam) throughout 2025.
Netmarble’s Q4 and financial results include:
- North America led revenues (46%) with diversification across other key territories as follows: Korea (17%), Europe (15%), Southeast Asia (9%), and Japan (6%), and other regions (7%).
- Netmarble’s portfolio showed diversification across various genres, including Casual Games (40%), RPG (39%), MMORPG (13%), and other genres (8%).
- Top performing titles for the fourth quarter included: Marvel Contest of Champions (13%), Jackpot World (8%), Lotsa Slots (8%), Cash Frenzy (7%), Solo Leveling: ARISE (6%), Raven2(5%), The Seven Deadly Sins: Grand Cross (5%), and Marvel Future Fight (3%).
- Q4 revenue saw a slight increase compared to the previous quarter, benefitting from a major update to The Seven Deadly Sins: Grand Cross and seasonal updates for games serviced by Netmarble’s subsidiaries, such as Marvel Contest of Champions and Jackpot World. However, due to rising expenses, such as marketing costs, EBITDA declined and a net loss was recorded due to impairment of intangible assets.
A breakdown of the total financial earnings is below:
| 10/1/24 – 12/31/24 actuals | YoY Changes | QoQ Changes | |
| Total Sales | $475.92 million | -2.5% | 0.3% |
| EBITDA | $53.86 million | 19.3% | -28.6% |
| Operating Profit | $25.83 million | – | – |
| Net Loss | $122.22 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 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.
