Kakao Games Posts Deficit in Q3... "Seeking Rebound Starting Q4" (Roundup)
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Kim Ju-hwan = Kakao Games [293490] recorded an operating loss in the third quarter of this year due to a lack of hit new releases.
Kakao Games announced on the 4th that its revenue for the third quarter of this year was 69.1 billion won, a 46% decrease compared to the same period last year. The operating loss widened to 26.3 billion won. By business segment, revenue from PC online games recorded approximately 18.5 billion won, a 57% decrease year-on-year. Revenue from mobile games was tallied at 50.6 billion won, down about 40% year-on-year.
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[Digital Daily Reporter Lee Hak-beom] Kakao Games continued to post losses in the third quarter of this year due to a lack of new releases and declining revenue from existing games. The company is seeking a turnaround in performance based on the success of "The World of Goblins," released last October, and the launch of new titles next year. Kakao Games announced on the 4th that it recorded consolidated revenue of 69.1 billion won, an operating…
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