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NCSOFT (036570) investor relations material
NCSOFT Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 sales were ₩360 billion, down 6% sequentially and 10% year-over-year, mainly due to a decline in live service game sales and business activity adjustments.
Operating loss was ₩7.5 billion, impacted by weaker sales and one-time severance or labor costs; excluding this, operating profit would have been positive.
Net income reached ₩347.4 billion, boosted by a ₩355.9 billion gain from the sale of NC Tower Samsung Dong and increased FX gains.
Financial highlights
Q3 sales: ₩360 billion (down 6% QOQ, down 10% YOY).
Operating loss: ₩7.5 billion, positive excluding one-time severance or labor costs.
Net income: ₩347.4 billion, including a large one-time real estate gain and FX-related profit/loss.
Royalty sales: ₩46.8 billion, up 11% QOQ and 23% YOY, mainly from Lineage M Taiwan and PC B&S China.
Operating costs: ₩367.5 billion, flat QOQ, down 12% YOY.
Outlook and guidance
Ion 2 launches in eight days, expected to expand the MMO player base; global launch planned for H2 2026.
Three new IPs (Limit Zero Breakers, Time Takers, Cinder City) to launch globally in 2026; next-gen MMORPG to be unveiled at G-STAR.
Existing titles to expand globally: LNGW relaunch in Southeast Asia and expansion to North America and Russia in 2026; LNG2M and LNGM preparing for China launches.
Four legacy IP spin-offs on track for 2026, with one launching in December 2025.
Proprietary payment system for mobile games to reduce variable costs, rolling out across major titles by November.
- TimeTickerHeadlineOpen
- 6 FebWASH
Q4 2025 net income up 48%, adjusted EPS up 41%, AUA $7.8B, dividend yield 7.58%. - 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
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