NC posts solid Q2 earnings, overseas sales surpass domestic

The video game developer NC reported strong earnings for the second quarter of the year, primarily due to robust overseas sales that surpassed domestic revenue. During the company's earnings call on Tuesday, NC disclosed sales of 770.5 billion won ($543.6 million) and an operating profit of 173.9 billion won for the April-June period.

These figures marked a year-over-year increase of 101 percent in sales and 1,053 percent in operating profit, with an operating margin of 23 percent. Notably, overseas sales played a significant role in the company's success. By region, Korea contributed 48 percent of the revenue, followed by Asia at 25 percent and North America, Europe, and other regions at 27 percent.

The company's overseas markets accounted for 52 percent of total revenue, a significant milestone as overseas sales have exceeded domestic sales for four consecutive quarters. A major factor contributing to the growth was the mobile casual game segment, which generated 169.7 billion won in sales. This increase included JustPlay, the German mobile casual game platform acquired by NC in March, which was consolidated into the company's earnings for the first time.