Netmarble Q3 2020 Financials Shows Steady Performance Thanks To Overseas Players

Netmarble has just published their Q3 2020 financial report which shows steady performance and growth for the mobile game company. According to the press release, overseas sales accounted for 75% of the company’s $535 million total sales from July to September 2020 with The Seven Deadly Sins: Grand Cross, Marvel Contest of Champions, Lineage 2: Revolution, and Blade and Soul Revolution among the most popular games.

Total sales decreased by 6.3% quarter-on-quarter but increased by 3.6% year-over-year. Cumulative sales for the entire year are estimated at $1.55 billion, with an operating profit of $158 million. The company reports an operating profit increased of 3.6% year-over-year and 7% quarter-on-quarter. The company’s net profits also saw a 9.2% increase year-over-year and an 8.6% increase quarter-over-quarter.

“We continue to see strong results at the end of our third quarter with significant overseas sales coming from our line-up of existing games,” said Netmarble Co-CEO Seungwon Lee. “We have positive expectations for the recent global launch of A3: STILL ALIVE, our upcoming regional launch of Seven Knights 2, and Kabam’s upcoming release of MARVEL Realm of Champions.”

Lee says he’s also looking forward to 2021 and the continued expansion of the company’s portfolio of games. “We’re looking forward to what 2021 will bring as we continue to deliver an exciting slate of new games next year, including Ni No Kuni: Cross Worlds, Seven Knights Revolution, and MARVEL Future Revolution,” he said. “Thanks to our new partnership with the NBA and NBPA, we are committed to the continued growth of our portfolio through genre expansion.”