- Consolidated annual revenue reported KRW 1.58 trillion for 2024, with an operating loss of KRW 109.2 billion and a 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
|
| NCSOFT today announced its annual financial results for the fiscal year ended December 31, 2024. |
| NCSOFT’s full-year consolidated revenue for 2024 totalled 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 totalled 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. |
| For the full document, click the link below: |
| NCSOFT |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies. |
