Paragon

Netmarble 3Q 2022 Earnings Results

Netmarble’s third-quarter 2022 earnings results reflect a period of revenue growth tempered by significant profitability challenges.

• Netmarble reported a Q3 2022 revenue of KRW 694.4 billion, a 14.4% year-over-year increase driven by new global game launches.
• The company recorded a net loss of KRW 277.5 billion and an operating loss of KRW 38.0 billion, largely due to foreign currency translation losses and increased operating costs.
• EBITDA declined 64.4% year-over-year to KRW 20.8 billion, impacted by one-off severance payments at the subsidiary Jam City.