)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
NCSOFT (036570) investor relations material
NCSOFT Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary11 Nov, 2025
Executive summary
Q3 2025 sales were ₩360 billion, down 6% sequentially and 10% year-over-year, mainly due to a decline in live service game sales and business activity adjustments.
Operating loss was ₩7.5 billion, impacted by weaker sales and one-time severance or labor costs; excluding this, operating profit would have been positive.
Net income reached ₩347.4 billion, boosted by a ₩355.9 billion gain from the sale of NC Tower Samsung Dong and increased FX gains.
Financial highlights
Q3 sales: ₩360 billion (down 6% QOQ, down 10% YOY).
Operating loss: ₩7.5 billion, positive excluding one-time severance or labor costs.
Net income: ₩347.4 billion, including a large one-time real estate gain and FX-related profit/loss.
Royalty sales: ₩46.8 billion, up 11% QOQ and 23% YOY, mainly from Lineage M Taiwan and PC B&S China.
Operating costs: ₩367.5 billion, flat QOQ, down 12% YOY.
Outlook and guidance
Ion 2 launches in eight days, expected to expand the MMO player base; global launch planned for H2 2026.
Three new IPs (Limit Zero Breakers, Time Takers, Cinder City) to launch globally in 2026; next-gen MMORPG to be unveiled at G-STAR.
Existing titles to expand globally: LNGW relaunch in Southeast Asia and expansion to North America and Russia in 2026; LNG2M and LNGM preparing for China launches.
Four legacy IP spin-offs on track for 2026, with one launching in December 2025.
Proprietary payment system for mobile games to reduce variable costs, rolling out across major titles by November.
Expected margin uplift from proprietary payment system
Next-gen MMORPG: target audience and monetization
M&A strategy for new genre diversification
Expected impact of proprietary payment system
New IP global launch strategy for 2026
Workforce optimization impact on dev speed
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next NCSOFT earnings date
Q4 202511 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
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.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage