Mgame, 3Q sales of KRW 13.7 billion…YoY increase of 54%

Mgame (CEO Kwon Yi-hyeong) announced that it recorded sales of 13.7 billion won, operating profit of 6.1 billion won, and net profit of 5.3 billion won on a consolidated basis in the third quarter of 2021.

This is a 54.2% increase in sales, 218.4% in operating profit, and 379.1% in net profit compared to the same period last year. Compared to the previous quarter, sales and operating profit increased by 15.8% and operating profit by 87.5%, while net profit decreased by -0.1%.

In the third quarter of 2021, the company’s PC MMORPG (multiple online role-playing game) ‘Holy Blood Power Online’ was driven by record-breaking sales in China. Last August recorded the highest sales since the service, up 358% compared to the same month of the previous year. Mgame said that China’s ‘Hot Blood Power Online’ continues to grow compared to the same period last year, and sales and profits are expected to rise in the fourth quarter of 2021 as well.

The mobile MMORPG ‘Shinyeolhyeolgangho’, which was released in Thailand last September, is currently ranked in the top 20 in Google Play sales rankings, and the hybrid war RPG (role-playing game) ‘Immortal’ released in Korea in October was a popular game on Google Play on the 1st. has been ranked number one.

Mgame is preparing to release ‘Imortal’ in the domestic app store, and is preparing to launch it in four Southeast Asian countries, including Indonesia and Thailand. Next, in the first half of next year, the mobile MMORPG ‘Shinyeolhyeolgangho’ will be released in Vietnam and the self-developed mechanic 3rd person gunfighting game ‘BATTLE STEED:GUNMA’ will be officially released on Steam.

Mgame CEO Kwon Yi-hyeong said, “This third quarter also recorded an increase in operating profit compared to the same period of the previous year for 11 consecutive quarters thanks to the performance of ‘The Hot Blooded Online’ in China. “He said.

Reference-www.inven.co.kr