Pearl Abyss Financials Down In Q4 As They Hype Up Black Desert And EVE Online
Projections are high, returns are low.
Pearl Abyss has released its latest financial information and Q4 just didn't live up to the hype. Operating revenue came in at 84.4 billion KRW ($63.4 billion), down from 103 billion KRW the year before. The financials of the company were on a downward trend for the entire year of 2023 until the release of Black Desert's Land of the Morning Light MMORPG expansion.
EVE Online had a good Q4 compared to the year before, up about 15% year over year. Of course, EVE Online isn't nearly as big as Black Desert Online. The space game did clock in with its highest user count in 5 years in Q4, according to the call.
Talking about the future, Pearl Abyss highlighted new-gen console support, Mobile Land of the Morning Light bonus story, and launching BDO in China. EVE Online is looking forward to a new expansion pack and new EVE Vanguard content. The growth strategy for 2024 included EVE Galaxy Conquest (the mobile game) and Crimson Desert, but I'll believe that last one is coming this year when I see it.
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Troy “Noobfridge” Blackburn has been reporting on the video game industry for over a decade. Whether it’s news, editorials, gameplay videos, or streams, Noobfridge never fails to present his honest opinion whether those hot takes prove to be popular or not.
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