Among all game companies doing well in January-March, only NCSoft performed poorly in Korea

In the January-March quarter of 2024, Nexon's sales fell 12.6% year-on-year to 968.9 billion won (approximately 110.9 billion yen), and its operating profit fell 48.2% to 260.5 billion won (approximately 29.8 billion yen).
Although sales and profits fell to ¥31.87 million, they exceeded forecasts. The company explained that this was due to a backlash from the record-high results it achieved in the same period last year.
Netmarble, which was predicted to post a loss, saw its sales fall by 2.9% to 585.4 billion won (approximately 67.03 billion yen), but its operating profit was
Kakao Games recorded sales of 256.3 billion won (approximately 29.3 billion yen), down 1.2%, and operating profit of 12.3 billion won (approximately 1.2 billion yen).
In addition, Crafton and Neowiz also saw increases in sales and profits, and DevSisters turned to profitability.
Meanwhile, NCSoft's sales fell 16.9% to 397.9 billion won (approximately 45.5817 billion yen).
However, operating profits fell 68.5% to 25.7 billion won (approximately 2.9 billion yen). The company's main source of income, the massively multiplayer role-playing game (MMORPG) "Lineage" series, performed poorly.
The company also reported that sales of its mainstay mobile games fell by 24.6%. The company plans to secure cash by selling real estate, including its old headquarters in Seoul, and is also planning to make a serious move into overseas expansion and M&A.