Updated Mar 17, 2026 by Neowiz
NEOWIZ reported Q3 2024 revenue of KRW 93.1 billion, representing a 20.7% year-over-year decline despite a 7.0% quarter-over-quarter increase.
Mobile revenue grew 19.7% quarter-over-quarter to KRW 45.7 billion, largely driven by the launch of 'The Legend of Heroes: Gagharv Trilogy' and seasonal events.
PC/Console revenue dropped 33.1% year-over-year to KRW 36.9 billion, signaling a significant contraction in the company's core segment.
The company recorded an operating profit of KRW 6.5 billion but suffered a net loss of KRW 1.4 billion due to increased financial expenses.
Operating expenses rose 5.4% quarter-over-quarter to KRW 86.7 billion, fueled by a 26.0% increase in marketing spend and higher platform commissions for new mobile titles.
NEOWIZ signed a global publishing agreement with Polish studio Zakazane to expand its PC/Console portfolio and focus on narrative-driven IP.
Revenue remains geographically diversified with a 40% domestic and 60% international split, led by strong performance in Asian and European markets.
NEOWIZ reported Q3 2024 revenue of KRW 93.1 billion, representing a 20.7% year-over-year decline despite a 7.0% quarter-over-quarter increase.
Mobile revenue grew 19.7% quarter-over-quarter to KRW 45.7 billion, largely driven by the launch of 'The Legend of Heroes: Gagharv Trilogy' and seasonal events.
PC/Console revenue dropped 33.1% year-over-year to KRW 36.9 billion, signaling a significant contraction in the company's core segment.
The company recorded an operating profit of KRW 6.5 billion but suffered a net loss of KRW 1.4 billion due to increased financial expenses.
Operating expenses rose 5.4% quarter-over-quarter to KRW 86.7 billion, fueled by a 26.0% increase in marketing spend and higher platform commissions for new mobile titles.
NEOWIZ signed a global publishing agreement with Polish studio Zakazane to expand its PC/Console portfolio and focus on narrative-driven IP.
Revenue remains geographically diversified with a 40% domestic and 60% international split, led by strong performance in Asian and European markets.