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Netmarble’s 2023 financials show Tower of God success on iOS, Android

Netmarble’s 2023 financial results so far reveal a slight drop in sales and a larger drop in sales, but there’s sustained growth for mobile game Tower of God.

Netmarble 2023 financials header showing a crowd of anime characters in bathing suits on the beach lounging about and having fun.

Netmarble has announced its financial earnings for the second quarter and first half of 2023, with success for Tower of God: New World, and lots more titles on the way for the rest of the year. With genre diversification across casual games, RPGs, and others, Netmarble’s 2023 financials show good signs in spite of year-over-year drops.

“We’ve been seeing sustained growth from games like Tower of God: New World, which reached the top 5 revenue charts in the Korean App Store and Google Play Store, and a game based on Netmarble’s Stone Age IP, which is maintaining a top rank in the Chinese App Store,” said Young-sig Kwon, CEO of Netmarble.

“We look forward to launching new titles in the second half of the year, such as Arthdal Chronicles and Solo Leveling: ARISE, despite performance being affected by an absence of new games and revenue decrease of existing titles in the first half.”

Most recently, Netmarble launched Grand Cross: Age of Titans, and the company has six more new titles on the way globally, with Seven Knights Idle Adventure, King Arthur: Legends Rise, Arthdal Chronicles, Solo Leveling: Arise, Paragon: The Overprime, and Meta World: My City (Korea). Ni no Nuni: Cross Worlds, The Seven Deadly Sins, and A3: Still Alive are also on the way to China.

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Here’s Netmarble’s breakdown of its Q2 and H1 financial results:

  • During the first half of 2023, Netmarble earned $931.41 million in sales and $23.89 million in EBITDA. The company reported an operating loss of $50.53 million and net loss of $69.41 million.
  • North America led revenues (52%) with diversification across other key territories as follows: Korea (14%), Europe (12%), Southeast Asia (10%), and Japan (6%), and other regions (6%).
  • Netmarble’s portfolio showed genre diversification across Casual Games (48%), RPG (30%), MMORPG (13%), and other genres (9%).
  • Top performing titles for the second quarter included: MARVEL Contest of Champions (12%) (Kabam), Jackpot World (10%), Cash Frenzy (9%), Lotsa Slots (8%), The Seven Deadly Sins: Grand Cross (6%). All other games contributed to 55% of the company’s earned revenue.

For more beyond the latest Netmarble 2023 financials, check out our guides for Tower of God New World codes and Tower of God: New World tier list. Or we’ve got Coin Master free spins for anyone into that big piggy mobile game.