LOS ANGELES – November 13, 2023 – Netmarble Corp, a leading developer and publisher of mobile games, reported $484.99 million in revenue and $18.79 million in EBITDA for the third quarter of 2023, an increase from the previous quarter. Overseas sales accounted for 83% ($400.42 million) of total global sales.

“Netmarble recorded strong performance in the third quarter, with recently launched titles Seven Knights Idle Adventure and Tower of God: New World demonstrating remarkable achievements,” said Young-sig Kwon, CEO of Netmarble. “We’re expecting this momentum to carry into the end of the year, and we’re also anticipating a further boost in performance in 2024, as we prepare to launch six new titles during the first half of the year.”

These new launches include Arthdal Chronicles: Three Factions, Solo Leveling: ARISE, Paragon: The Overprime, Raven 2, and King Arthur: Legend Rises, as well as the launch of Meta World: My City in Korea. Ni no Kuni: Cross Worlds will also be launched in China. Netmarble will also showcase several upcoming titles at Korea’s annual G-STAR 2023 convention, starting November 16 in Busan, Korea, including The Seven Deadly Sins: Origin, RF ONLINE NEXT, and DEMIS RE:BORN.

Netmarble’s Q3 financial results are as follows:

• Cumulatively for 2023, Netmarble earned $1.41 billion in sales and $42.58 million in EBITDA. The company reported an operating loss of $67.15 million.
• North America led revenues (47%) with diversification across other key territories as follows: Korea (17%), Europe (12%), Southeast Asia (10%), and Japan (6%), and other regions (8%).
• Netmarble’s portfolio showed genre diversification across Casual Games (44%), RPG (35%), MMORPG (10%), and other genres (11%).
• Top performing titles for the third quarter included: MARVEL Contest of Champions (10%) (Kabam), Jackpot World (9%), Cash Frenzy (8%), Lotsa Slots (8%), Seven Knights Idle Adventure (5%), Tower of God: New World (5%), and The Seven Deadly Sins: GRAND CROSS (5%).

A breakdown of the total financial earnings is below:

For details on Netmarble’s quarterly performance and to listen to the earnings call, please visit the company’s Investor Relations page.

About Netmarble Corporation

Established in Korea in 2000, Netmarble Corporation is a leading developer and publisher of top-grossing mobile games worldwide. Through powerful franchises and collaborations with acclaimed IP holders, Netmarble strives to elevate the gaming experience and entertain audiences globally. As a parent company of Kabam and SpinX Games, and a major shareholder of Jam City and HYBE (formerly Big Hit Entertainment), Netmarble’s diverse portfolio includes Lineage 2: Revolution, MARVEL Future Fight, Ni no Kuni: Cross Worlds, The King of Fighters ALLSTAR, The Seven Deadly Sins: Grand Cross, and forthcoming PC games like Paragon: The Overprime. More information can be found at http://company.netmarble.com.