[NC] NC's Park Byungmoo: "Additional Acquisitions in Mobile Casual Business in Q4"

"Mobile Casual Accounts for 25% of Total Revenue"
"Business Expansion Expected to Drive Explosive Growth in 2028"

NC will continue expanding its mobile casual business in the fourth quarter of this year. It expects explosive growth in 2028 as it completes its rewards platform and publishing business framework.

NC's Pangyo R&D Center. Courtesy of NC.

Park Byungmoo, co-CEO of NC, said during the conference call on the company's third-quarter earnings on November 11, "We expect to have largely completed the framework for our mobile casual business through additional acquisitions and business expansion in the fourth quarter of this year. We will achieve quantum growth by enhancing synergies among our rewards applications (apps), publishing platform and development studios."

NC said its mobile casual business is growing beyond internal expectations. Hong Wonjun, NC's chief financial officer (CFO), said, "Revenue from the mobile casual division reached 171.9 billion won in the third quarter, accounting for 25% of total revenue. In particular, JustPlay drove results, doubling its growth year over year on the back of advertiser revenue."

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