PUBG: Battlegrounds

Krafton Q2 2026 Consolidated Factsheet

Krafton’s financial performance for the second quarter of 2026 demonstrates a period of stabilization following the previous quarter, with consolidated revenue reaching 1.29 trillion KRW.

• Krafton reported Q2 2026 consolidated revenue of 1.29 trillion KRW, a slight decrease from the 1.37 trillion KRW recorded in Q1 2026.
• The company achieved a net profit of 514 billion KRW in Q2 2026, maintaining a strong net profit margin of 37.5 percent.
• Krafton’s total asset base grew to approximately 9.7 trillion KRW, supported by a consolidated workforce of 7,194 employees.

PCF Group 2025 Financial Results Presentation

The 2025 financial results for PCF Group S.A. reflect a strategic pivot toward work-for-hire (WFH) development while managing the financial challenges associated with self-publishing and asset impairment.

• PCF Group reported 2025 revenue of PLN 199.6 million, with EBITDA rising to PLN 16.8 million from PLN 12.8 million in 2024.
• The company is pivoting toward a Work-for-Hire (WFH) model, currently managing four active projects including collaborations with Microsoft, Krafton, and a new agreement with 2K Games signed on November 1, 2025.
• The 'Xeno Point' mode for PUBG: Battlegrounds, developed by PCF, contributed to a 25% increase in player count and reached nearly 1 million concurrent users at launch.

Kakao Games Q4 2025 Earnings Announcement

Kakao Games reported a significant downturn in financial performance for the 2025 fiscal year, characterized by a lack of new title releases and increased investments in global expansion.

• Kakao Games reported a 25.9% year-over-year decline in annual revenue to 465 billion KRW, resulting in an annual operating loss of 39.6 billion KRW and a net loss of 143 billion KRW.
• The fourth quarter saw a net loss of 110.6 billion KRW, largely driven by the recognition of impairment losses on intangible assets.
• Mobile gaming revenue dropped 38.7% year-over-year in the fourth quarter, primarily due to a lack of new content and major updates.

Fourth Quarter 2024 Presentation

Starbreeze Entertainment’s fourth-quarter 2024 briefing outlines a strategy centered on expanding the PAYDAY® franchise, launching new multiplayer experiences, and tightening operational efficiency to sustain growth.

• Starbreeze reported Q4 2024 net sales of SEK 46.4 million and an EBITDA of SEK 19.7 million, contributing to a full-year 2024 net sales total of SEK 185.9 million and an EBITDA of SEK 97.6 million.
• The company maintains a solid liquidity position with SEK 191.9 million in cash and cash equivalents, despite a significant net outflow of SEK 245.5 million from investing activities primarily driven by game development.
• Operational efficiency efforts successfully reduced total direct costs to SEK 80.4 million in Q4 2024, down from SEK 111.3 million in the same period the previous year, through lower marketing and server spending.

Krafton 3Q 2023 Earnings Results

Krafton’s third-quarter 2023 earnings results demonstrate a period of financial recovery and operational growth, driven primarily by the successful resumption of Battlegrounds Mobile India and sustained performance of the PUBG intellectual property.

KRAFTON 2Q 2023 Earnings Results

The second quarter 2023 earnings results for KRAFTON, Inc. outline the company’s financial performance and strategic transition from a global game developer to a comprehensive global publisher.

PCF Group Current Report No. 21/2023: Series F Share Subscription Agreements Signed

PCF Group S.A., the parent company of the game development studio People Can Fly, announced the formal execution of agreements for the subscription of Series F ordinary bearer shares.

• Krafton, Inc. acquired 3,342,937 Series F shares of PCF Group S.A., representing the vast majority of the 3,343,037 total shares issued in the capital increase.
• PCF Group S.A. confirmed that all cash contributions for the 3,343,037 newly issued Series F shares were paid in full as of June 9, 2023.
• The capital injection is intended to strengthen the financial position of PCF Group S.A. to support its ongoing and future game development projects.

KRAFTON 1Q 2023 Earnings Results

Krafton’s first-quarter 2023 earnings results demonstrate a period of strong financial recovery and strategic expansion, characterized by record-high quarterly revenue of KRW 538.7 billion.

• Krafton achieved record-high quarterly revenue of KRW 538.7 billion in 1Q 2023, marking a 13.7% increase quarter-over-quarter and a 3.0% increase year-over-year.
• Operating profit surged by 124.3% quarter-over-quarter to KRW 283.0 billion, while net profit reached KRW 267.2 billion.
• The company is actively diversifying its portfolio beyond the PUBG franchise, currently managing over 24 incubating projects and developing new titles including Project BlackBudget and a Subnautica sequel.

KRAFTON 3Q22 Earnings Results

KRAFTON’s third-quarter 2022 earnings results reflect a strategic pivot toward strengthening its PC and console segments while navigating headwinds in the mobile gaming market.

KRAFTON 1Q22 Investor Presentation

KRAFTON’s first-quarter 2022 investor presentation outlines a strategic transition toward a diversified, technology-driven gaming ecosystem while maintaining the core performance of its flagship PUBG intellectual property.

Turtle Beach Form 10-Q: Q2 2018

Turtle Beach Corporation experienced a period of substantial financial revitalization during the first half of 2018, characterized by a dramatic surge in revenue and a successful transition from significant net losses to profitability.

• Turtle Beach reported a significant revenue surge for Q2 2018, with net revenues reaching $60.8 million, more than triple the $19.1 million recorded in the same period of 2017.
• The company achieved a net income of $6.3 million for the three months ended June 30, 2018, a substantial turnaround from the $7.1 million net loss reported in the second quarter of 2017.
• Growth was primarily driven by high demand for gaming headsets, specifically the Stealth 600 Series, Recon 50 Series, and Recon Chat, fueled by the popularity of 'battle royale' style games.

Turtle Beach Form 10-Q: Q1 2018

Turtle Beach Corporation experienced a substantial financial turnaround during the first quarter of 2018, characterized by a surge in net revenue to $40.9 million from $14.4 million in the same period of 2017.

• Turtle Beach secured a new $60 million revolving credit facility with Bank of America on March 5, 2018, replacing its previous asset-based loan agreement and expiring in March 2023.
• Operating cash flow for Q1 2018 reached $38.0 million, an increase from $33.4 million in Q1 2017, driven by higher gross receipts, improved days sales outstanding, and reduced inventory levels.
• The company amended $22.4 million in aggregate subordinated notes on March 5, 2018, which now bear in-kind interest rates ranging from LIBOR plus 9.1% to 15.0% depending on prepayment milestones.