PUBG writer Krafton generated a record-breaking ₩665.9 billion ($487.7 million) in income throughout Q1 2024, making it essentially the most profitable quarter within the firm’s historical past.
This was pushed primarily by the expansion of PUBG on cellular, PC and console, bolstering working revenue to ₩310.5 billion ($227.4 million). This marks an 89% rise quarter-on-quarter and a ten% rise year-over-year.
The lion’s share
Cellular has continued to dominate Krafton’s earnings within the first quarter of 2024, contributing 60% of the writer’s whole income, or ₩402.3 billion ($294.6 million). PC earnings got here second at ₩243.7 billion ($178.5 million), whereas console generated solely ₩11.5 billion ($8.4 million).
Whereas cellular took the lion’s share of income, it had the slowest development of the three platforms. PC and console noticed income improve by 36.5% and 58.5%, respectively, whereas cellular earnings rose by 15.5%.
Cellular’s 60% contribution to Krafton’s quartler earnings marked a drop from making up 64% of gross sales in This autumn 2023.
India ambitions
After this profitable begin to 2024 with a 52.4% internet revenue margin, Krafton additionally revealed a few of its future plans and reaffirmed its ambitions to develop into India’s high video games writer.
It highlighted titles comparable to Cookie Run and Bullet Echo India as two key video games match for the Indian market this 12 months. Bullet Echo India launched on April fifteenth, whereas Cookie Run maintains a 2024 launch window. In Q1, Krafton additionally unveiled a brand new India-themed cellular recreation named Garuda Saga, developed in collaboration with South Korean recreation improvement studio Alchemist Video games.
As Krafton seems to develop its operations, it has additionally been busy with M&A exercise. The writer has made 9 recreation studio investments this 12 months, all anticipated to be accomplished throughout the first half of 2024. C77 Leisure and startup Purple Rover are amongst these invested in to this point.