The investor call specifically mentions Project TL (Lineage Eternal) and Lineage W as preparing for launch in the second half of 2022. It is worth noting that Lineage W essentially saved NCSoft from massive financial losses this quarter, as the game composed 357 billion Won of a total of 691 billion Won, or 51% of the total sales. A 2022 initiative is aiming at making these processes more efficient. Presumably this is marketing around their new and upcoming slate of titles. Marketing costs were also a major factor in NCSoft’s moolah making a beeline for the door, increasing 119% quarterly and 122% annually. It’s not doing great.įourth quarter operating costs are up 60% quarterly, 22% year over year while Q4 labor costs increased 47% due to Lineage W incentives. Little was mentioned about Blade & Soul 2 other than it being consistently in the top 10 on Google Play. NCSoft referred to Lineage2M’s worldwide launch as having a “limited impact” in the investor call. Lineage 2M, despite launching in more territories, has fallen off 25% year over year. LineageM meanwhile has seen its revenue fall off 58% over last year. For the first quarter on record, the game pulled in 357 billion Won. Lineage W meanwhile has achieved higher numbers than any NCSoft game in the company’s history. Aion saw a 64% increase in sales annually attributed to the classic server. Mobile games now make up 70% of NCSoft sales, with Lineage W saving the company from major drop-offs in sales. The PC side saw a drop in sales by 27% over last year. On the video game side, virtually everything in NCSoft’s library suffered in Q4. Operating profit dropped 30%.įor the fiscal year overall, sales dropped 4% with operating profit down a whopping 55%, pre-tax income down 39%, and net income down 33%. For the fourth quarter, sales are up 35% year over year, along with a 25% boost to pre-tax income, and a 52% boost to net income over the same period. And if you’re an investor, you’re probably feeling very mixed emotions right now. Continued abuse of our services will cause your IP address to be blocked indefinitely.NCSoft has posted their fiscal year results for 2021 and the numbers may shock and surprise you. Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior.
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