NCsoft Co., Ltd. (CEO Taek-jin Kim, hereinafter NC (NC)) recorded sales of KRW 522.5 billion, operating profit of KRW 56.7 billion, and net income of KRW 80.2 billion as a result of the financial results for the first quarter of 2021 (hereinafter referred to as consolidated basis).
Compared to the previous quarter, sales fell 9% and operating profit decreased 64%. Net income remained at the level of the previous quarter. Compared to the same quarter of the previous year, which recorded the highest quarterly sales of the lineage 2M launch, sales, operating profit, and net profit decreased by 30%, 77%, and 59%, respectively.
In this quarter, operating profit declined due to rising operating expenses such as labor and marketing expenses. The labor cost was KRW 232.5 billion, a 26% increase from the previous quarter due to increased manpower, regular incentives and one-time special performance compensation. Marketing expenses recorded 55 billion won, a 23% increase from the previous quarter due to overseas launches and increased marketing activities for new games in Korea.
Sales by region were KRW 416.9 billion in Korea, KRW 24.1 billion in North America/Europe, KRW 13.8 billion in Japan, and KRW 12.2 billion in Taiwan. The royalty sales are KRW 45.5 billion.
By product, mobile game sales recorded KRW 324.9 billion. Lineage M KRW 172.2 billion and Lineage 2M KRW 152.2 billion. PC online game sales are 129 billion won. Lineage KRW 48.9 billion, Lineage 2 KRW 26.2 billion, Aion KRW 23.4 billion, Blade & Soul KRW 14.1 billion, and Guild Wars 2 KRW 16.3 billion.
Lineage M, launched in 2017, maintains a stable user indicator and sales flow. This year, it plans to release a large-scale update to commemorate the 4th anniversary of the service. PC online game (5 types) sales increased by 14% compared to the same period last year and 6% compared to the previous quarter. This is the highest quarterly performance since 2018. Aion achieved sales growth of 131% compared to the same period last year and 24% compared to the previous quarter thanks to the launch of the classic server.
NC (NC) releases a mobile MMORPG (multiple access role game)’Trickster M’on May 20th. Blade & Soul 2 is in advance reservations with the aim of launching in the second quarter.