Netmarble Reports $429 Million Revenue in First Quarter of 2025

Netmarble released its financial results for the first quarter (Q1) of fiscal year 2025, showing steady performance despite seasonal factors.

Key Financial Highlights:

• Revenue: $429 million

• Operating profit: $34 million

• EBITDA: $56 million

• Net profit: $55 million

Revenue by Region:

• North America: 46%

• Korea: 18%

• Europe: 14%

• Southeast Asia: 10%

• Japan: 6%

• Other regions: 6%

Top-Performing Games (% of total revenue):

• Marvel Contest of Champions: 9%

• Solo Leveling: ARISE: 8%

• Jackpot World: 8%

• Lotsa Slots: 8%

• Cash Frenzy: 8%

• The Seven Deadly Sins: Grand Cross: 5%

• Raven2: 5%

• RF ONLINE NEXT: 3%

Financial Performance Analysis:

• EBITDA increased due to reduced expenses, particularly commission fees

• Net profit grew significantly quarter-over-quarter

• No intangible asset impairment costs during this period

• Slight revenue decline attributed to seasonal factors affecting subsidiaries

Growth Drivers:

• Successful launch of RF Online Next in Korea

• Rising daily active users for Solo Leveling: ARISE following major updates in late 2024

Upcoming Game Releases:

Netmarble has several new games planned for release soon:

1. Q2 2025:

   • Game of Thrones: Kingsroad (May 21st) - Available across Americas, Europe, Africa, Oceania, and Middle East on mobile and PC

   • Seven Knights Re: BIRTH

   • The King of Fighters AFK

2. Second Half of 2025:

   • The Seven Deadly Sins: Origin

   • MONGIL: STAR DIVE

   • Project SOL

   • Two additional titles (unnamed)

Netmarble CEO Byung-gyu Kim expressed optimism about the company's future, noting:

"Following the successful launch of RF Online Next on March 20th, which reached the number one spot on mobile in Korea, we remain fully committed to leveraging our capabilities each quarter to ensure that our upcoming titles achieve strong, meaningful results in global markets."