Krafton, the publisher behind popular games like PUBG, has unveiled its comprehensive financial report for the fiscal year, showcasing a notable 3% increase in sales. Here’s a breakdown of the key takeaways from the gaming giant’s performance over the past year:
Financial Overview:
Full-year sales amounted to KRW1.9 trillion ($1.4 billion), marking a 3% rise compared to the previous year.
The company also reported a significant surge in full-year profit, reaching KRW500 billion ($375 million), up by 30% year-on-year.
In Q4 alone, Krafton saw sales totaling KRW534 billion ($401 million), reflecting a robust 13% increase year-on-year.
Q4 profit soared to KRW600 billion ($451 million), representing a noteworthy 19% rise year-on-year.
Key Highlights:
Krafton attributes its sales growth partly to the strong performances of PUBG on both PCs and consoles.
CEO CH Kim emphasized the stability achieved last year, primarily driven by the PUBG intellectual property (IP), allowing the company to focus on securing multiple upcoming titles.
Kim expressed optimism about the future, stating, “This year will mark the beginning of reaping the rewards from these efforts, reaching a pivotal milestone for Krafton’s step-by-step growth.”
Notably, Krafton reported record monthly sales in December, which can be attributed to the resumption of operations for Battlegrounds Mobile India.
The company received a three-month trial period for Battleground Mobile India in India after addressing concerns related to users’ data security.
Future Plans:
Looking ahead to 2024, CEO CH Kim outlined Krafton’s intention to launch a new title annually as part of its “scale-up creative” strategy.
This strategy includes the release of titles such as Dinkum Mobile, Project Black Budget, and Subnautica 2.
Krafton has also disclosed investments in over ten game projects as part of its upscaling efforts.
In summary, Krafton’s latest financial report underscores its steady growth trajectory, fueled by the success of PUBG and strategic initiatives aimed at expanding its gaming portfolio and market presence.