informa
1 MIN READ
News

Mobile revenue swing helps NCsoft offset tumbling profits

Guild Wars 2 developer NCsoft saw year-over-year profits fall by 66 percent to $27 million during the second quarter, but new mobile release Lineage M offered a silver lining. 

Guild Wars 2 developer NCsoft saw year-over-year profits fall by 66 percent to 30.8 billion won ($27 million) during the second quarter, but new mobile release Lineage M offered a silver lining. 

Although profits fell, revenue was actaully on the up, with the studio pulling in 258.6 billion won ($229 million) -- a year-over-year increase of 8 percent. Rising labor and variable costs, however, meant the firm failed to turn a profit.

It also didn't help that the studio witnessed most of its major game franchises, including Lineage 1 & 2, Blade & Soul, Aion, and Guild Wars 2, suffer a drop off in revenue (as shown in the graphs below). 

The timely launch of Lineage M helped offset that decline by driving Q2 mobile game revenue up to 93.7 billion won ($83.1 million). For context, in the first quarter the company's mobile revenue totalled just 23.4 billion won ($20.7 million). 

What's more impressive is that Lineage M only hit digital shelves on June 21 -- just nine days before the second quarter closed. So, assuming the game continues to bring home the bacon, NCsoft should be in for a very healthy third quarter on the mobile front.

Latest Jobs

Xbox Game Studios

Redmond, Washington
10.5.22
Technical Lighting Artist

Innogames

Hamburg, Germany
10.5.22
Game Designer - Elvenar

Bandai Namco Mobile

Barcelona, Spain
10.5.22
Principal 3D Animator

Cryptic Studios

Los Gatos, California
10.5.22
Staff Core Software Engineer
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more