Business · Companies · 32 mins ago
Neowiz operating profit falls 63.7% amid gap between new releases
South Korean game maker Neowiz reported a 63.7% drop in third-quarter operating profit, to 9.6 billion won.
Revenue fell 13.3% from a year earlier to 110.5 billion won, and currency movements contributed to a net loss of 10.3 billion won.
The company said a gap between new game releases weighed on results.
Sales of PC and console games fell 33% year on year, while mobile game sales slipped 3%; new console versions and mobile-game collaborations helped cushion the declines.
Neowiz plans to focus on developing new games and expanding existing titles.
It said it expects to reveal major new games in stages from next year, including projects based on its own games and titles it is preparing to publish globally.
Neowiz reported third-quarter operating profit of 9.6 billion won, down 63.7% from a year earlier.
Revenue fell 13.3% to 110.5 billion won.
The company recorded a net loss of 10.3 billion won, which Yonhap attributed to currency fluctuations.
A gap between new releases weighed on results, while releases on more platforms and mobile-game fandom helped limit some declines.
Neowiz said it plans to reveal major new titles in stages starting next year.
- Who
- Neowiz, a South Korean game company.
- What
- Its third-quarter operating profit fell 63.7% year on year to 9.6 billion won.
- When
- The results were disclosed on November 11, 2026, for the third quarter.
- Where
- South Korea.
- Why
- A gap between new releases weighed on results. Currency movements contributed to the net loss.
This story does not have two clearly opposing sides.
Shape of Dreams was released on Xbox, PlayStation 5 and Nintendo Switch 2.
Neowiz disclosed its third-quarter results.
- Operating profit
- 9.6 billion won, down 63.7% year on year
- Revenue
- 110.5 billion won, down 13.3% year on year
- Net result
- Loss of 10.3 billion won
- PC and console revenue
- 39.2 billion won, down 33% year on year
- Mobile game revenue
- 56.6 billion won, down 3% year on year
What people are saying
Starting next year, we will unveil major new titles in sequence and seek out new growth drivers.