Netmarble Reports Financial Results for 2024 4th Quarter and Year-End

For the fourth quarter of 2024, Netmarble Corp, a popular publisher and developer of mobile games, reported $475.92 million in revenue and $53.86 million in EBITDA worldwide. This quarter, the company’s operational profit was $25.83 million.

With $1.95 billion in revenue and $271.33 million in EBITDA, Netmarble made a total of $158.12 million in operating profit and $4.64 million in net profit in 2024.

Young-sig Kwon, CEO of Netmarble stated, “Though performances were still short of market expectations, Netmarble successfully turned the tables around in 2024 following two consecutive years of operating margins being in the red. With new title releases, including Game of Thrones: Kingsroad, The Seven Deadly Sins: Origin, and more coming, 2025 will be a year where Netmarble lays the groundwork for a ‘next leap’ forward.”

RF ONLINE NEXT (in Korea), Seven Knights Re:BIRTH, Game of Thrones: Kingsroad, and The King of Fighters AFK are among the new games that will be released in the first half of 2025. The Seven Deadly Sins: Origin, MONGIL: STAR DIVE, The RED (TBD; in Korea), Project SOL, and Solo Leveling: ARISE (on Steam) are also scheduled for release by Netmarble in 2025.

Netmarble’s Q4 and financial result:

• North America led revenues (46%) with diversification across other key territories as follows: Korea (17%), Europe (15%), Southeast Asia (9%), and Japan (6%), and other regions (7%).
• Netmarble’s portfolio showed diversification across various genres, including Casual Games (40%), RPG (39%), MMORPG (13%), and other genres (8%).
• Top performing titles for the fourth quarter included: Marvel Contest of Champions (13%), Jackpot World (8%), Lotsa Slots (8%), Cash Frenzy (7%), Solo Leveling: ARISE (6%), Raven2 (5%), The Seven Deadly Sins: Grand Cross (5%), and Marvel Future Fight (3%).
• Q4 revenue saw a slight increase compared to the previous quarter, benefitting from a major update to The Seven Deadly Sins: Grand Cross and seasonal updates for games serviced by Netmarble’s subsidiaries, such as Marvel Contest of Champions and Jackpot World. However, due to rising expenses, such as marketing costs, EBITDA declined and a net loss was recorded due to impairment of intangible assets.

Take a look at the breakdown of the total financial earnings:

For more information, visit the company’s Investor Relations page.

Related: Netmarble Releases New Update for Solo Leveling: ARISE, Welcomes New SSR Hunter, THOMAS ANDRE