NCSoft has released its third quarter 2022 earnings report, detailing a mix of rising and falling sales for that quarter. Third-quarter financial results follow in the footsteps of last quarter’s earnings decline.
Most notably, NCSoft’s mobile games revenue for the third quarter declined due to the stabilization of Lineage W and lower player engagement from Lineage 2M. Collectively, they earned KRW 437.3 billion, but saw an 8% quarter-on-quarter reduction. Unlike in early 2022 – when their mobile sales earned them KRW 640.6 billion – NCSoft continues to face declining mobile profits.
On the positive side, legacy online games Guild Wars 2, Lineage 2 and Aion helped boost PC sales by 1% quarter over quarter, earning KRW 97.1 billion. Additionally, Q3 overseas sales and royalties reached KRW 228.9 billion, up 40% year-on-year and accounting for 38% of their total revenue.
You can download and read the full report from the NCSoft website.
Anthony Jones, news editor
Anthony Jones is a video game journalist and late 90s kid who loves retro games and the evolution of modern gaming. He started at Mega Visions as a reporter covering the latest announcements, rumors, and fan-made projects. FFXIV has its heart in the MMORPG scene, but it’s still happy to analyze and waste hours in ambitious and ambiguous MMOs that players follow.