{"id":823,"date":"2019-11-19T22:27:05","date_gmt":"2019-11-19T22:27:05","guid":{"rendered":"https:\/\/www.gamesround.com\/blog\/?p=823"},"modified":"2019-11-19T22:27:06","modified_gmt":"2019-11-19T22:27:06","slug":"netmarble-posts-54-profit-increase-in-q3","status":"publish","type":"post","link":"https:\/\/www.gamesround.com\/blog\/netmarble-posts-54-profit-increase-in-q3","title":{"rendered":"Netmarble posts 54% profit increase in Q3"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"> Revenue and profits are up for Korean mobile developer <strong>Netmarble<\/strong>, which continues to ride high in overseas markets. <br>  <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p> <em>&#8220;Netmarble had significant increases in both sales and operating profit in Q3, reflecting both domestic and overseas performances of new games launched in Q2.&#8221;<\/em><\/p><cite>                                                                                                   Young-sig Kwon, CEO of Netmarble  <\/cite><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"> The <strong>Q3 <\/strong>financial report paints a rosy picture for the company, which posted \u20a9619.9 billion ($533.5 million) in sales, and \u20a984.4 billion ($72.6 million) in operating profit. <br>  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> This represents a year-on-year increase of 17.9% and 53.7% respectively. Additionally, operating profit quarter-to-quarter exploded at 154.2%. <br>  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> The best performing games for <strong>Netmarble <\/strong>were <strong>Marvel Contest of Champions, and Lineage 2 Revolutions<\/strong>, both of which accounted for 14% of the developer&#8217;s quarterly revenue. <br>  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> The company also recently announced a raft of new games, such as <strong>Seven Knights Revolution and Ni no Kuni: Cross Worlds<\/strong>, along with<strong> A3: Still Alive and Magic: ManaStrike. <\/strong><br> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Overseas revenue accounted for 68% of the company&#8217;s quarterly sales, grossing \u20a9423.4 billion ($364.4 million). <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue and profits are up for Korean mobile developer Netmarble, which continues to ride high in overseas markets. &#8220;Netmarble had significant increases in both sales and operating profit in Q3, reflecting both domestic and overseas performances of new games launched in Q2.&#8221; Young-sig Kwon, CEO of Netmarble The Q3 financial report paints a rosy picture [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[125,63],"class_list":["post-823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-netmarble","tag-q3"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Strong overseas performance continues to drive profit and revenue increases for Korean mobile dev\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Vorontsov Danylo\"\/>\n\t<link rel=\"canonical\" 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