NCSoft Q3 2021 Revenues Are Down As Guild Wars 2 Sees Best Quarter In 3 Years

It hasn’t been a good year for NCSoft as the South Korean video game company reports a slight dip in sales revenues. The company’s Q3 2021 Earnings Report show a drop from KRW 538.5 billion in sales in Q2 2021 to just KRW 500.6 billion, or roughly $424.6 million, for Q3 2021. That’s a 7% quarter-over-quarter decrease in revenues and a 14% decrease year-over-year. To be fair, 2020 was a good year for most video game companies due to COVID-mandated quarantines and lockdowns.

The company attributes the drop in revenue to the poor sales performance of legacy PC online games, particularly Lineage 1 which saw a 42% drop in sales year-over-year. The game’s mobile version, LineageM, isn’t doing any better with total sales dropping 32% since Q3 2020. Guild Wars 2, however, saw its best quarter since Q3 2018 thanks to the Living World Return campaign and recent End of Dragon beta tests.

You’ll find the full Q3 2021 Earnings Report here.