NCSoft Q2 2022: Financial Report Reveals Drop In Revenue, Mobile Titles Decline, And Throne And Liberty Is Delayed
Guild Wars 2 seems to be doing really well, though!
NCSoft has released its second quarter financial results for all to read and for this quarter, there's a decent chuck of declining sales for mobile titles. Overall, the company recorded ₩629.3 billion but was down 20% from last year's quarter. Though, in the case of their PC games, Guild Wars 2 has propelled earnings by 3% quarter-over-quarter (QOQ) due to the End of Dragons expansion.
According to a translation posted by Ruliweb, we also learned from NCSoft's Q2 conference call with investors that the global launch of Throne and Liberty got delayed to 2023. Previously, it was projected to launch in Q4 2022.
NCSoft stated it's "discussing the best timing and partner for strategic overseas expansion from a strategic point of view." Investors asked NCSoft about Throne and Liberty's monetization, and the company claimed it would "avoid excessive pay-to-win." Testing for the project is ongoing, of course, but will expand beyond over 3,000 testers to incorporate a broad audience. This follows rumors that the game could end up being published by Amazon Games.
Despite the setback, NCSoft has planned four new global titles for the next year, including Blade & Soul S, Project R, Aion 2, console-based Project M, and Project E. But as for current games, NCSoft reported a drop of 20% for overall revenue this quarter compared to Q2 2021.
Much of this drop comes from mobile titles, stemming from "stabilization of Lineage W and decline in Lineage 2M sales." The IPs blew up at launch but have shown their long-term numbers as engagement left them, but Guild Wars 2's End of Dragons expansion picked up some of the slack PC-side. Guild Wars 2 increased 3% QOQ in revenue and is excepted to grow as ArenaNet's next expansion rolls around.
About the Author
Anthony Jones is a gaming journalist and late 90s kid in love with retro games and the evolution of modern gaming. He started at Mega Visions as a news reporter covering the latest announcements, rumors, and fan-made projects. FFXIV has his heart in the MMORPGs scene, but he's always excited to analyze and lose hours to ambitious and ambiguous MMOs that gamers follow.
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