NCsoft Corp (XKRX:036570)
â‚© 191600 -10400 (-5.15%) Market Cap: 3.79 Til Enterprise Value: 2.69 Til PE Ratio: 32.50 PB Ratio: 1.30 GF Score: 87/100

Q4 2023 NCSOFT Corp Earnings Call Transcript

Feb 08, 2024 / 12:00AM GMT
Release Date Price: â‚©204500 (-3.99%)
Operator

(interpreted) Good morning and good evening. Thank you all for joining this conference call. And now, we will begin the conference of the fiscal-year 2023 fourth-quarter earning results by NCSOFT.

This conference will start with a presentation followed by a (inaudible) Q&A session. (Operator Instructions)

Now, we shall commence the presentation by NCSOFT.

Jason Lee
NCSOFT Corp - Head of IR

(interpreted) Good morning. This is Jason Lee, Head of IR at NCSOFT. Thank you for participating in the NCSOFT earnings conference call for the fourth quarter of 2023. Let me begin with financial highlights.

Full-year 2023 sales recorded KRW1.779.8 trillion, marking a 31% YoY decrease stemming from a decline in mobile game sales. Operating profit posted KRW137.3 billion, down by 75% YoY due to the decline in sales. Pretax income was KRW206.2 billion. And net income KRW213.9 billion, dropping by 66% as of (inaudible) YoY respectively.

Q4 sales rose 3% QoQ, driven by higher mobile game sales, which are a 20% YoY decline totaling

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