Netmarble (251270) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was KRW 749.2 billion, up 15% QoQ and 4.4% YoY, driven by new releases and growth in existing games.

• EBITDA rose to KRW 112 billion, up 33.5% QoQ, with an EBITDA margin of 14.9%.

• Operating profit reached KRW 80.1 billion; net income was KRW 203.9 billion, including a gain from the disposal of G-Tower.

• The company is a leading global mobile game developer with a diversified portfolio across RPG, casual, and MMORPG genres, and a strong presence in both domestic and international markets.

• Strategic focus is on extending the lifecycle of existing titles and more selective new releases.

Financial highlights

• Revenue: KRW 749.2 billion (+15% QoQ, +4.4% YoY).

• EBITDA: KRW 112 billion (+33.5% QoQ, -14.6% YoY).

• Operating profit: KRW 80.1 billion.

• Net income: KRW 203.9 billion, with a significant one-time gain from asset disposal.

• Cash and cash equivalents increased to KRW 810 billion at quarter-end.

Outlook and guidance

• Three new titles planned for release in the second half: Solo Leveling: KARMA, Shangri-La Frontier: The Seven Colossi, and PROJECT AEGIS.

• Focus remains on enhancing live services and extending the PLC of existing games.

• Marketing expenses expected to normalize in the second half after increases in the first half due to new launches.

• Full impact of market commission reductions expected from 2027.

• New shareholder return policy: up to 40% of adjusted net income to be returned via dividends and share buybacks through 2028.