NC posts solid Q2 earnings, overseas sales surpass domestic
Game developer NC posted solid earnings figures for the second quarter of this year, driven by strong overseas revenue which surpassed domestic sales. During its earnings call on Tuesday, NC announced 770.5 billion won ($543.6 million) in sales and 173.9 billion won in operating profit for the April-June period. The figures represented year-on-year increases of 101 percent and 1,053 percent,…
Game developer NC reported impressive second quarter earnings on Tuesday, with strong overseas revenue eclipsing domestic sales. In the April-June period, the company generated 770.5 billion won ($543.6 million) in sales and recorded 173.9 billion won in operating profit, marking year-over-year growth of 101 percent and 1,053 percent, respectively. Operating margin reached 23 percent.
Notable was the company's robust overseas sales, which accounted for 52 percent of total revenue, surpassing domestic sales for the fourth consecutive quarter. Revenue was distributed across regions, with Korea contributing 48 percent, Asia accounting for 25 percent, and North America, Europe, and other regions making up the remaining 27 percent.
A significant factor behind the growth was the mobile casual game segment, which posted 169.7 billion won in sales. This segment benefited from the consolidation of JustPlay, a German mobile casual game platform that NC acquired in March, into its earnings for the first time. "Our mobile casual game business is a new growth driver, and was full."
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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