NETMARBLE: The Company's First Quarter Fiscal Results Are In

NETMARBLE: The Company's First Quarter Fiscal Results Are In

With another quarter completed, it's time to check out the fiscal earnings for Netmarble and their games. Check out the details after the jump.

By ComicBrooks - May 21, 2021 04:05 PM EST
Filed Under: Mobile Gaming

Following a massively successful year for Netmarble and their library of games, they've finished off the first quarter of 2021 with even more positive news. While their first quarter wasn't as strong as last year, Netmarble is still proving that fans love their titles.

According to Netmarble CEO, Seungwon Lee, he stated: "The sales in the first quarter were relatively sluggish due to the lack of new titles following the successful launch of Seven Knights 2 in the fourth quarter of 2020. In addition, the rise in labor costs in the overall Korean game industry led to a downside in profits, however, major live games such as the Seven Deadly Sins: Grand Cross, Marvel Contest of Champions, and Lineage 2: Revolution recorded stable results. As Ni no Kuni: Cross Worlds and new high-fidelity titles with renowned IPs, including Marvel, Seven Knights, and BTS are planned to be launched in the second quarter and the second half, significant sales growth and profits improvement are expected.” Ultimately, while Netmarble lacks the same punch it had last year, there are still more games coming to get new players interested.

With 36% of revenues coming from North America, some of the company's best games both new and old saw a percentage of success, mainly RPG titles. The lineup of games includes The Seven Deadly Sins: Grand Cross (15% of the revenue earned), MARVEL Contest of Champions (12%; Kabam), Seven Knights 2 (11%), Lineage 2: Revolution (8%), Blade & Soul Revolution (6%), Harry Potter Hogwarts Mystery (5%; Jam City), and A3: STILL ALIVE (5%), Cookie Jam (4%; Jam City), and MARVEL Future Fight (3%). Additional games from Netmarble contributed to 31% of revenue earned. 

Will you be checking out any of these games? We would love to hear your thoughts in the comments below!
 


All of Netmarble's games are available for free on the App Store and Google Play!

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