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NCsoft Q1 2009 Earnings Boosted By 'Aion' Launch

by Rainier on May 11, 2009 @ 9:38 a.m. PDT

NCsoft reported earnings results for 2009 Q1, revealing sales came of $USD 107.7 million, with its net profit jumping 422% to $USD 27.0 million, mainly boosted by the solid maintenance of Lineage and Lineage II sales, in addition to Aion sales.

By region, first quarter sales came to KRW 89.2 billion in Korea ($USD 72.0 million/€EUR 53.0 million), KRW 10.8 billion in North America ($USD 8.7 million/€EUR 6.4 million) KRW 4 billion in Europe ($USD 3.2 million/€EUR 2.3 million), KRW 18.1 billion in Japan ($USD 14.6 million/€EUR 10.7 million), KRW 3.9 billion in Taiwan ($USD 3.1 million/€EUR 2.3 million), and KRW 7.4 billion ($USD 5.9 million/€EUR 4.3 million) from royalties. The successful launch of Aion influenced sales growth in Korea and expected sales of the Lineage series increased the significance of Japan. On the other hand, a decrease in Guild Wars sales due to no retail expansion package releases this quarter led to a drop of sales in the North American and European regions.

By game titles, sales of Lineage, Lineage II, Aion, City of Heroes®, and Guild Wars® increased 23%, 33%, 34%, 5% and 3% quarter to quarter to KRW 29.4 billion, KRW 41.1 billion, KRW 42.6 billion, 6.8 billion and KRW 4.3 billion respectively.

NCsoft's CFO Jaeho Lee said, "Aion has solidified its position as a new growth force without encroaching sales of the Lineage series. Starting with its service in China in Q2, we are ready for a successful launch of this triple-A franchise in Japan, Taiwan, North America and Europe within the second half of the year.”

NCsoft is expected to carry out large-scale updates for Lineage and Lineage II worldwide in the coming months. In Eastern territories NCsoft expects to begin beta tests for Punch Monster, Dragonica, Steel Dog and Metal Black within the year.

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