For the second quarter of 2021.
Netmarble this week posted their Q2 finances for 2021 and the results are definitely related to currency. The bad news is that operating profit dropped 80% over the same quarter last year due to marketing costs from Ni no Kuni: Cross Worlds launching in June. The good news is that the company expects a return on the investment in the second half of 2021 alongside the global launch of Marvel Future Revolution. Operating profits for Q2 2021 amounted to $14.4 million with net profits standing at $43.1 million.
Seungwon Lee, CEO of Netmarble, stated;
“Looking toward the next quarter and second half, we’re optimistic the launch of MARVEL Future Revolution in 240 countries on August 25 will fortify Netmarble’s competitive edge in the global gaming market, while the recent acquisition of SpinX Games, one of the fastest-growing companies in social casino gaming, will also play an integral role in the expansion of Netmarble’s casual game lineup. Additionally, we have a strong slate of upcoming global launches for the remainder of the year, such as Seven Knights 2 (excluding Korea, China, and Vietnam) and BTS Dream: TinyTAN House (excluding China).”
Marketing Ni no Kuni: Cross Worlds took a heavy toll on Netmarble’s profits as while operating profit was down 80%, net revenue only dropped 15%. Cross Worlds has gone on to become one of Netmarble’s biggest revenue sources at 12% of overall revenue, matching or nearly matching that of The Seven Deadly Sins: Grand Cross and Marvel: Contest of Champions.
Just recently Netmarble announced its plans to acquire online casino company SpinX Games. SpinX’s 2020 performance of 497 billion Won should set the company up as a major injector of revenue for Netmarble’s future reports.