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
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Q2 2022 NCSOFT Corp Earnings Call Transcript

Aug 12, 2022 / 12:00AM GMT
Release Date Price: â‚©385000 (-4.94%)
Jason Lee
Ncsoft Corporation - VP & Head of IR

[Interpreted] Good morning. I am Jason Lee, Head of IR at Ncsoft. Thank you very much for joining the company's second quarter 2022 earnings presentation.

I will begin with the highlights of the second quarter earnings. Second quarter sales was up 17% year-over-year to KRW 629.3 billion on Lineage W launch, while on a Q-on-Q basis, there was 20% decline on stabilization of Lineage W revenue.

On the back of mobile game revenue growth, operating profit was up 9% year-over-year, reporting KRW 123 billion. On lower revenue and rise in marketing expense, there was 50% decline Q-on-Q.

Pretax income was up 33% year-over-year and down 30% Q-on-Q to KRW 163.1 billion. Net income was up 26% year-over-year and down 29% Q-on-Q to KRW 118.7 billion.

Next, I will go over the sales of each game. Sales from the major mobile games was up 35% on year to KRW 475.2 billion, while on a Q-over-Q basis, there was 26% decline.

Lineage W sales were down 40% on quarter to KRW 223.6 billion. Since its release last November, we broke

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