{"id":381017,"date":"2020-11-13T13:03:30","date_gmt":"2020-11-13T18:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381017"},"modified":"2020-11-13T13:03:30","modified_gmt":"2020-11-13T18:03:30","slug":"netmarble-issues-fiscal-and-earnings-results-for-the-third-quarter-of-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/netmarble-issues-fiscal-and-earnings-results-for-the-third-quarter-of-2020\/","title":{"rendered":"Netmarble Issues Fiscal and Earnings Results for the Third Quarter of 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Q3 Performance Remains Steady Thanks to Strong Interest from Overseas Players<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span id=\"spanHghlt5219\"><br \/>\n          <span class=\"xn-location\">LOS ANGELES<\/span><br \/>\n        <\/span>, <span class=\"xn-chron\">Nov. 13, 2020<\/span> \/PRNewswire\/ &#8212; <u><a target=\"_blank\" href=\"http:\/\/company.netmarble.com\/en\" rel=\"nofollow noopener noreferrer\">Netmarble Corp.<\/a><\/u>, a global mobile game company focused on creating entertaining gaming experiences for players of all ages, revealed their financial results for the third quarter of 2020.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1271\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1228089\/Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1228089\/Logo.jpg\" title=\"Logo (PRNewsfoto\/Netmarble)\" alt=\"Logo (PRNewsfoto\/Netmarble)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;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,&#8221; said <span class=\"xn-person\">Seungwon Lee<\/span>, Co-CEO of Netmarble. &#8220;We have positive expectations for the recent global launch of <i>A3: STILL ALIVE<\/i>, our upcoming regional launch of <i>Seven Knights 2, <\/i>and Kabam&#8217;s upcoming release of <i>MARVEL Realm of Champions<\/i>.&#8221;<\/p>\n<p>&#8220;We&#8217;re looking forward to what 2021 will bring as we continue to deliver an exciting slate of new games next year, including <i>Ni No Kuni: Cross Worlds, Seven Knights Revolution<\/i>, and <i>M<\/i><i>ARVEL\u00a0Future Revolutio<\/i><i>n<\/i>,&#8221; said Lee. &#8220;Thanks to our new partnership with the NBA and NBPA, we are committed to the continued growth of our portfolio through genre expansion&#8221;.<\/p>\n<p>Selected highlights from Netmarble&#8217;s third\u00a0quarter include:<\/p>\n<ul type=\"disc\">\n<li>\n          <b><br \/>\n            <span class=\"xn-money\">$535 million<\/span><br \/>\n          <\/b>\u00a0in <b>total sales<\/b>, <b><span class=\"xn-money\">$73 million<\/span><\/b> in <b>operating profit<\/b>, and a <b>net profit<\/b> of <b><span class=\"xn-money\">$77 million<\/span><\/b> from <u>July through September<\/u>. Cumulative sales for 2020 are estimated at <b><span class=\"xn-money\">$1.55 billion<\/span><\/b>, with an operating profit of <b><span class=\"xn-money\">$158 million<\/span><\/b>. <\/li>\n<li>Total sales increased by <b>3.6% year-over-year<\/b> and decreased by <b>6.3% quarter-on-quarter<\/b>. Operating profit increased <b>3.6% year-over-year<\/b> and <b>7% quarter-on-quarter<\/b>. <\/li>\n<li>Net profit increased by <b>9.2% year-over-year<\/b> and <b>8.6% quarter-on-quarter.<\/b><\/li>\n<li>Overseas sales accounted for <b>75% (<span class=\"xn-money\">$399 million<\/span>)<\/b> of overall sales in the third quarter. This follows Netmarble&#8217;s second quarter which offered the highest figure of overseas sales, and continues to follow an increasing trend in global sales thanks to the worldwide success of titles such <b>The Seven Deadly Sins: Grand Cross <\/b>(17% of revenue earned), <b>MARVEL Contest of Champions <\/b>(15% of revenue earned) (Kabam),<b> Lineage 2: Revolution <\/b>(9% of revenue earned) and<b> Blade&amp;Soul Revolution <\/b>(8% of revenue earned). <\/li>\n<li>Genre portfolio showed diversification across <b>RPG<\/b> (<b>40%<\/b>),<b> Casual<\/b> (<b>25%<\/b>), <b>MMORPG<\/b> (<b>23%<\/b>), and <b>others<\/b> (<b>12%<\/b>).<\/li>\n<\/ul>\n<p>A breakdown of the total financial earnings is below: <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntar prnpl6 prnsbl1 prnpr14\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>7\/1\/20-9\/30\/20 actuals<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>YoY Changes<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>QoQ Changes<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Sales<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$535 million<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+3.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-6.3%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Operating Profit<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$73 million<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+3.6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+7.0%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Profit<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$77 million<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+9.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+8.6%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>For details on Netmarble&#8217;s quarterly performance, and to listen to the earnings call, please visit the company&#8217;s <u><a target=\"_blank\" href=\"http:\/\/company.netmarble.com\/en\/invest\/library\" rel=\"nofollow noopener noreferrer\">Investor Relations<\/a><\/u> page to learn more.<\/p>\n<p>\n        <b><br \/>\n          <u>About Netmarble Corporation<\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Established in Korea in 2000, Netmarble Corporation is a top developer and publisher pushing the boundaries of the mobile gaming experience with highly innovative games including Lineage 2: Revolution, The Seven Deadly Sins: Grand Cross, Blade&amp;Soul Revolution and MARVEL Future Fight. As a parent company of Kabam, and a major shareholder of Jam City and Big Hit Entertainment, Netmarble strives to entertain audiences around the world with a variety of mobile games based on its powerful franchises and collaborations with IP holders worldwide. More information can be found at <u><a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__http:\/company.netmarble.com\/__;!!N96JrnIq8IfO5w!zSQdHa4RGiSfJj5wQpR25IdMo1fQruK-QGKMgCi0LHXqOGc6-BTtlhHv1ceco5iHWimSTnCOM0w$\" rel=\"nofollow noopener noreferrer\">http:\/\/company.netmarble.com<\/a><\/u><\/p>\n<p>\n        <b><br \/>\n          <u><br \/>\n            <span class=\"xn-location\">North America<\/span><br \/>\n          <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Netmarble US <br \/><span class=\"xn-person\">Chastity Irizarry<\/span><br \/><a target=\"_blank\" href=\"mailto:chastity.irizarry@netmarble.com\" rel=\"nofollow noopener noreferrer\">chastity.irizarry@netmarble.com<\/a><\/p>\n<p>Rogers &amp; Cowan PMK (for Netmarble in US) <br \/><span class=\"xn-person\">Steven Kunz<\/span><br \/><a target=\"_blank\" href=\"mailto:netmarble@rogersandcowanpmk.com\" rel=\"nofollow noopener noreferrer\">netmarble@rogersandcowanpmk.com<\/a><\/p>\n<p>\n        <b>Korea (<span class=\"xn-location\">Seoul<\/span>)<\/b>\n      <\/p>\n<p>HQ PR Team <br \/>Yonsol Chung <br \/><a target=\"_blank\" href=\"mailto:globalpr-g@netmarble.com\" rel=\"nofollow noopener noreferrer\">globalpr-g@netmarble.com<\/a> \u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN90878&amp;sd=2020-11-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/netmarble-issues-fiscal-and-earnings-results-for-the-third-quarter-of-2020-301172537.html\">http:\/\/www.prnewswire.com\/news-releases\/netmarble-issues-fiscal-and-earnings-results-for-the-third-quarter-of-2020-301172537.html<\/a><\/p>\n<p>SOURCE  Netmarble<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN90878&amp;Transmission_Id=202011131300PR_NEWS_USPR_____CN90878&amp;DateId=20201113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q3 Performance Remains Steady Thanks to Strong Interest from Overseas Players PR Newswire LOS ANGELES , Nov. 13, 2020 \/PRNewswire\/ &#8212; Netmarble Corp., a global mobile game company focused on creating entertaining gaming experiences for players of all ages, revealed their financial results for the third quarter of 2020. &#8220;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,&#8221; said Seungwon Lee, Co-CEO of Netmarble. &#8220;We have positive expectations for the recent global launch of A3: STILL ALIVE, our upcoming regional launch of Seven Knights 2, and Kabam&#8217;s upcoming release of MARVEL Realm of Champions.&#8221; &#8220;We&#8217;re looking forward to what 2021 will bring as we continue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/netmarble-issues-fiscal-and-earnings-results-for-the-third-quarter-of-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Netmarble Issues Fiscal and Earnings Results for the Third Quarter of 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381017","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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