Korean based MMO publisher NCsoft
has revealed its latest financial results for the first quarter of 2008 and it's a bit of a mixed bag. Revenue for the quarter was $84.3 million, up 4 percent from the same period a year ago. However, the publisher's net profit was $7.7 billion which is down 43 percent from the same period a year ago.
In terms of the higher revenue NCsoft stated that one of the reasons was the continued high sales of its fantasy MMO Lineage II
which had "record high sales" in the last quarter compared to its launch way back in 2003. Continued high sales of Guild Wars
and City of Heroes
and a reduction of costs like advertising also helped with the revenues. The company's lower profit was hit by a one time reduction of costs because of NCsoft's decision to break ties with Spacetime Studios
and not publish their upcoming sci-fi MMO Blackstar
(Spacetime recently announced it had reacquired the Blackstar
IP from NCsoft and is continuing to develop the game).
NCsoft's major new release for 2008 seems to be the title Aion
which is currently scheduled to be released in Korea later this year A line of casual titles is also in the works to be released this year as well. One interesting item of note is the breakdown of sales from individual NCsoft games. Lineage
, Lineage II
, City of Heroes/Villains
, and Guild Wars
were all but not Tabula Rasa
which indicates that sales of that recently release game have yet to significantly impact the company's results.