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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Q3 2023 NCSOFT Corp Earnings Call Transcript

Nov 09, 2023 / 01:30AM GMT
Release Date Price: â‚©264500 (+1.15%)
Operator

[Interpreted]

Good morning, and good evening. Thank you all for joining this conference call. And now we will begin the conference call of the Fiscal Year 2023 Third Quarter Earnings Results by NCSOFT. This conference will start with a presentation followed by a divisional Q&A session. (Operator Instructions)

Now, we shall commence the presentation by NCSOFT.

Jason Lee
Ncsoft Corporation - VP & Head of IR

[Interpreted]

Good morning. This is Jason Lee, Head of IR at NCSOFT. Thank you for participating in this conference call for Q3, 2023. Now, let me begin my presentation with the earnings highlights.

Q3 sales posted KRW 423.1 billion, representing a decrease of 4% Q-o-Q and 30% Y-o-Y, stemming from a decline in revenue from Lineage W and Lineage2M. Operating profit posted KRW 16.5 billion, down by 53% Q-o-Q and 89% Y-o-Y, driven by a sales decline and an increase in marketing and other expenses. Pretax income was KRW 46.2 billion, up by 18% Q-o-Q, mainly due to foreign exchange gains stemming from the stronger U.S

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