Netmarble’s 2023 financials show Tower of God success on iOS, Android

financial earnings for the second quarter and first half of 2023, with success for Tower of God: New World, and lots more titles on the way for the rest of the year. With genre diversification across casual games, RPGs, and others, Netmarble’s 2023 financials show good signs in spite of year-over-year drops.

We’ve been seeing sustained growth from games like Tower

of God: New World, which reached the top 5 revenue charts in the Korean App Store and Google Play Store, and a game based on Netmarble’s

Stone Age IP, which is maintaining a top rank in the Chinese App Store,” said Young-sig Kwon, CEO of Netmarble.

“We look forward to launching new titles in the second half of the year, such as Arthdal Chronicles and Solo Leveling: ARISE, despite performance being

affected by an absence of new games and revenue decrease of existing titles in the first half.”

Most recently, Netmarble launched Grand Cross: Age of Titans, and the company has six more new titles on the way globally, with Seven Knights Idle

Adventure, King Arthur: Legends Rise, Arthdal Chronicles, Solo Leveling: Arise, Paragon: The Overprime, and Meta World: My City (Korea). Ni no Nuni:

Cross Worlds, The Seven Deadly Sins, and A3: Still Alive are also on the way to China.

Here’s Netmarble’s breakdown of its Q2 and H1 financial results:

  • During the first half of 2023, Netmarble earned $931.41 million in sales and $23.89 million in EBITDA. The company reported an operating loss of $50.53 million and net loss of $69.41 million.
  • North America led revenues (52%) with diversification across other key territories as follows: Korea (14%), Europe (12%), Southeast Asia (10%), and Japan (6%), and other regions (6%).
  • Netmarble’s portfolio showed genre diversification across Casual Games (48%), RPG (30%), MMORPG (13%), and other genres (9%).
  • Top performing titles for the second quarter included: MARVEL Contest of Champions (12%) (Kabam), Jackpot World (10%), Cash Frenzy (9%), Lotsa Slots (8%), The Seven Deadly Sins: Grand Cross (6%). All other games contributed to 55% of the company’s earned revenue.

For more beyond the latest Netmarble 2023 financials, check out our guides for Tower of God New World codes and Tower of God: New World tier list. Or we’ve got Coin Master free spins for anyone into that big piggy mobile game.

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Ben Johnson Ben has years of experience with Nintendo games and mobile phones, with bylines for PCGamesN, Gear Nuke, and many more

. When he’s not reviewing the latest tech or hunting out smartphone leaks, he’s playing Civilization, Splatoon, and even a little Roblox. He’s

covered the biggest tech events, like MWC in Barcelona and IFA in Berlin, interviewed legends like Yoko Taro and bigwigs like Samsung’s

Head of Mobile R&D Won-joon Choi, and reviewed the biggest Nintendo games like The Legend of Zelda: Tears of the Kingdom and Xenoblade

Chronicles 3. Oh, and he knows Nintendo Switch 2 will run at 4K60, just don’t ask him how…

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