Krafton Q4 2021 Consolidated Financial Results

Key insights

7 takeaways

01
Krafton generated approximately 1.89 trillion Korean Won in total annual revenue for 2021.See it on page 1
02
Mobile gaming is the primary revenue driver, contributing 1.42 trillion Korean Won, while PC gaming accounted for 399 billion Korean Won.See it on page 1
03
The Asian market is the company’s core growth engine, generating 1.63 trillion Korean Won in 2021 compared to 121.7 billion from South Korea and 108.4 billion from the Americas and Europe combined.See it on page 1
04
The company maintains a strong financial position with cash and cash equivalents exceeding 3 trillion Korean Won as of the end of 2021.See it on page 2
05
Major operational costs for 2021 included 359.6 billion Korean Won in paid commissions and 353.7 billion Korean Won in personnel expenses.See it on page 1
06
Krafton’s workforce grew to 2,688 employees by the fourth quarter of 2021, reflecting a focus on human capital investment.See it on page 1
07
Annual marketing expenditures for 2021 totaled 82.3 billion Korean Won.See it on page 1

Summary

Krafton’s consolidated financial results for the fourth quarter of 2021 demonstrate a period of significant revenue generation and operational scale. The company reported total annual revenue of approximately 1.89 trillion Korean Won for 2021, reflecting a consistent performance across its primary business segments. Mobile gaming remains the dominant revenue driver, contributing 1.42 trillion Korean Won to the annual total, while PC gaming generated 399 billion Korean Won. Console and other revenue streams accounted for the remainder of the company's income.

Geographically, the company maintains a strong presence in Asia, which generated 1.63 trillion Korean Won in 2021, followed by North and South America and Europe, which combined for 108.4 billion Korean Won. South Korea contributed 121.7 billion Korean Won to the total annual revenue. These figures underscore the company's reliance on the Asian market as its primary growth engine while maintaining a global footprint.

Operational costs for 2021 were driven primarily by personnel expenses, which reached 353.7 billion Korean Won, and paid commissions, which totaled 359.6 billion Korean Won. Marketing expenditures for the year amounted to 82.3 billion Korean Won. The company’s financial position remains robust, with cash and cash equivalents totaling over 3 trillion Korean Won by the end of 2021. The employee count grew steadily throughout the year, reaching 2,688 by the fourth quarter. These results, prepared in accordance with K-IFRS, highlight a stable financial trajectory characterized by high mobile engagement and significant investment in human capital and operational infrastructure.