- Krafton generated a record-breaking $513.4 million in income throughout Q3 2024
- The outcome marked its third consecutive quarter of report income
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PUBG writer Krafton generated a record-breaking ₩719.3 billion ($513.4 million) in income through the third quarter of 2024, up 59.7% year-on-year.
Rising from ₩450.3 billion ($321.4 million) in Q3 2023, income was led by “significant site visitors and monetisation” throughout all core merchandise regarding PUBG.
The outcome marks three consecutive quarters of report income for Krafton, having added new themed modes to PUBG Cellular, contemplating “regional preferences” and specializing in new markets just like the MENA area.
Income additionally rose by 1.7% quarter-on-quarter.
Income outcomes
Of that complete income, ₩425.4 billion ($303.6 million) could be attributed to cellular earnings, up 37.6% year-on-year and making this Krafton’s largest platform of Q3.
PC adopted at ₩274.3 billion ($195.8 million), up 126.1%, whereas console was significantly behind at ₩11.8 billion ($8.4 million) with a 1.7% fall.
Different platforms had been attributed to ₩7.8 billion ($5.6 million) of the quarter’s complete income, down 1.3%.
Sturdy income development total additionally fuelled a 71.4% year-on-year enhance in working revenue, as much as ₩324.4 billion ($231.5 million).
Internet revenue was simply ₩121.4 billion ($86.6 million), nonetheless, down 30.1% from ₩211.6 billion ($151 million) in Q3 2023. Working bills had been significantly decrease at the moment – at ₩261 billion ($186.3 million) in Q3 2023 versus ₩394.9 billion ($281.8 million) in Q3 2024.
When it comes to web revenue, this makes Q3 2024 the weakest quarter of the fiscal 12 months to this point, with Q1 within the lead at ₩348.6 billion ($248.7 million).
Nonetheless, income and working revenue hit new data for Krafton this Q3 and the corporate is assured about an AI enlargement coming quickly.
“Varied providers primarily based on the PUBG: Battlegrounds IP are displaying outstanding development in all areas, together with gross sales and site visitors,” mentioned Krafton CFO DK Bae.
“The AI know-how that now we have developed via steady funding and analysis has entered the implementation stage and is able to have a full-scale roll out via varied providers, together with inZOI.”
One in every of our High 50 Cellular Sport Makers, Krafton surpassed $1 billion in income within the first half of the 12 months alone.
