Wemade Narrows Q2 Operating Loss to 21 Billion Won...Aims for Rebound with New Titles

Operating loss reduced, net profit turns positive
Multiple new titles in the pipeline, including "Night Crows W"

On August 12, Wemade announced that its consolidated operating loss for the second quarter of this year was 21 billion won, narrowing the loss compared to the same period last year (28.5 billion won). Net profit for the period also turned positive, reaching 3.5 billion won.

Wemade Corporate Identity (CI). Provided by Wemade

Revenue totaled 108.3 billion won, representing a 7.3% decrease from the same period last year. Due to the event effect of "FRIENDS Universe," PC online game revenue increased by 26% to 16.5 billion won, but mobile game revenue decreased by 12% to 89.2 billion won.

Blockchain division revenue rose sharply by 739% year-on-year to 5.1 billion won, while losses of 2.8 billion won occurred in the licensing division due to the settlement of uncollected receivables.

Total operating expenses fell by 11% year-on-year to 129.2 billion won. Labor costs decreased by 9% to 55.8 billion won, and commissions paid also dropped by 3% to 43.1 billion won as revenues declined.

Wemade plans to drive a performance rebound by launching new titles in various genres. In particular, it has finalized the new title utilizing the globally successful "Night Crows" intellectual property (IP) as "Night Crows W" and announced a simultaneous global launch.

In addition, the company is preparing new titles based on the IPs of "Legend of Mir 5," "Project TAL," and "Hundred Note," as well as "N.O.A.H," "Project IL," and "Project MO." The MMORPG "Legend of Mir 4" is being readied specifically for the Chinese market.

This content was produced with the assistance of AI translation services.