Neowiz, 1Q operating profit of 11.2 billion… 16.6%↓ compared to the previous year

Neowiz (co -representative Kim Seung -cheol, Bae Tae -geun) announced on the 12th that sales of 76.6 billion won in the first quarter of 2022 and operating profit and net profit of 12.4 billion won, respectively.

Revenue increased 7.3% YoY, and operating profit and short -term net profit decreased by 16.6% and 40%, respectively. Compared to the previous quarter, sales increased by 10.6%, operating profit 176.3%, and net profit increased by 35%.

The mobile division sales amounted to W36bn, up 5% from the previous quarter. The company explained that 'cats and soups' achieved 18 million global cumulative downloads, and then turned their sales in March.

The console and PC division sales are similar to the previous quarter. 'Skull' surpassed 1 million cumulative sales for the first time in Korean indie game in one year after the official launch in January, and the indie game 'Blade Assault' was also introduced in January.

In the first quarter of this year, T & K Factory's advertising sales, which completed the merger with Neowiz subsidiary Adis Cobb in December, will be reflected in earnest, and other sales have increased to W6.7bn, up 498.6% year -on -year. Neowiz plans to further strengthen its capabilities in the mobile advertising business by creating synergy with T & K Factory.