NC swings to profit, Nexon beats expectations as Krafton struggles
Korean game developers have reported mixed third-quarter earnings. NC returned to profitability from a year earlier, while Nexon defied market pessimism with solid revenue from its live service games. Krafton, meanwhile, saw its operating profit decline as revenue from PUBG: Battlegrounds (PUBG) failed to keep pace with rising costs associated with its business diversification efforts. NC…
The third-quarter earnings of Korean game developers have revealed a mixed landscape. NC, a leading developer, has returned to profitability, reporting a 91 percent year-on-year surge in sales and a significant operating profit. Meanwhile, Nexon has defied market expectations with solid revenue from its live service games, exceeding analysts' predictions.
However, Krafton has struggled, with its operating profit declining as revenue from its flagship PUBG game failed to keep pace with rising costs. The company's business diversification efforts have not yet yielded the expected results.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
