World of Tanks

GungHo Online Entertainment FY2017 Q3 Financial Results Briefing

GungHo Online Entertainment’s fiscal year 2017 third-quarter financial results reflect a strategic pivot toward global expansion and the revitalization of long-standing intellectual properties.

• GungHo reported Q3 2017 net sales of 20.8 billion yen and an operating income of 8.7 billion yen, reflecting a decline due to softening performance of its flagship title, Puzzle & Dragons.
• The company is shifting from a Japan-centric model to a global distribution strategy, highlighted by the international release of LET IT DIE, which reached 3 million downloads by mid-2017.
• To combat declining engagement, GungHo is extending the lifecycle of Puzzle & Dragons by adding real-time competitive play and expanding the Puzzle & Dragons Radar ecosystem.