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Investor Relations14 Oct 2025
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NCSOFT (036570) investor relations material
NCSOFT Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary12 Aug, 2025
Executive summary
Q2 sales reached KRW382.4 billion, up 6% quarter-over-quarter and 4% year-over-year, driven by growth in both mobile and PC online games.
Operating profit surged 189% quarter-over-quarter and 71% year-over-year to KRW15.1 billion, attributed to higher sales and cost savings.
Net income and pretax income swung to a loss due to lower foreign currency gains from exchange rate drops and a weaker US dollar.
Legacy IPs showed resilience, with regional expansion and strong performances from Lineage 2M, Blade and Soul Neo, and ION Classic.
Financial highlights
Mobile game sales in Q2 were KRW219 billion, up 6% sequentially and 0.3% year-over-year, making up 57% of total sales.
PC online game sales reached KRW91.7 billion, up 10% quarter-over-quarter and 6% year-over-year, accounting for 24% of sales.
Royalty sales declined 6% quarter-over-quarter to KRW42.3 billion but rose 12% year-over-year.
Operating costs totaled KRW367.3 billion, up 3% quarter-over-quarter and 2% year-over-year.
Net loss for Q2 2025 was KRW -35.9 billion, compared to net income of KRW 37.5 billion in Q1 2025 and KRW 71.1 billion in Q2 2024.
Outlook and guidance
2026 sales guidance reaffirmed at KRW2–2.5 trillion, supported by legacy IPs and new title launches.
Seven new titles, including Breakers, Time Takers, LLL, and four spin-offs, planned for release in 2026, spaced evenly by quarter.
Regional expansion to continue with Lineage M and Lineage 2M in China and Lineage W in Southeast Asia.
Mobile casual game business to be a key growth driver, with ongoing M&A and investment strategies.
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Q3 202511 Nov, 2025
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Frequently asked questions
NCSOFT Corporation is a video game development and publishing company specializing in massively multiplayer online role-playing games (MMORPGs) and interactive entertainment. The company is known for popular game franchises such as Lineage, Guild Wars, Aion, Blade & Soul, and Lineage 2M. NCSOFT focuses on game development, cloud gaming, artificial intelligence, and mobile gaming, expanding its presence in global markets. It operates studios in South Korea, North America, Japan, and Taiwan while continuously investing in new gaming technologies. The company is headquartered in Seongnam, South Korea, and its shares are listed on the KRX.
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