NCSoft's Q3 2017 Financials: Mobile Explodes, Expansion Slightly Boosts GW2
The NCSoft financial report for the latest quarter has just been made public. On the surface, it looks amazing. Net sales nearly tripled from Q2 to Q3, but that's entirely due to one segment -- and it might make some others obsolete.
First off, Guild Wars 2 has been in the news recently, and not in a positive way. Now we can see that the latest quarter, which saw the launch of the newest expansion, Path of Fire, only boosted sales up to 20,145 million Korean won (mKRW), which is about on par with what the game was pulling in during its long content drought prior to the release of the first expansion, Heart of Thorns. Granted, the base version of PoF cost $30, as opposed to $50 for HoT, and it was only on sale for one week at the end of Q3, as opposed to just over two months for HoT, but it still can't be taken as a positive sign.
But that might be the case across all of NCSoft's MMOs. With the exception of Lineage, which posted a small gain, everything else is down (not counting WildStar, which we don't know about). So, NCSoft is struggling, right?
Nope! Revenue from NCSoft's mobile games, primarily Lineage M, was absolutely bonkers in Q3, to the tune of 551,032 mKRW. That alone is more than the entire company made in the first six months of 2017. Add that to the 93,722 mKRW mobile games made in Q2, and you get more than either Guild Wars 2 or Blade & Soul have brought in -- during their entire five-year lifespans.
Now, I don't want to be too gloom-and-doom, but a tidal wave of income like this is the sort of thing that companies completely change their vision for. Non-mobile games in total still brought in 1/3 of NCSoft's revenue for the quarter, so I wouldn't expect them to go away completely, at least not the highly successful ones. But WildStar? Or Guild Wars 2 if it doesn't improve? If Q4 continues the trend of "mobile up, MMOs down," things could get very interesting.
You can download the NCSoft Q3 financial summary on the company's Investor Relations page.
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
You May Enjoy
NCSoft Bringing Lineage2M West, Beta Signups Underway
It’s mobile, but you’ll be able to play it on your PC too.By QuintLyn Bowers - 2 weeks ago
Blizzard Removes More Suggestive Dialogue In Patch 9.1.5 Update
The dialogue is tied to player character jokes and flirts.By QuintLyn Bowers - 2 weeks ago
From Movies, To Games, Back To Movies: Epic Games May Have Plans For A Fortnite Battle Royale Film
The company has reportedly teamed up with ex-Lucasfilm execs.By QuintLyn Bowers - 1 week ago
California's DFEH Files Motion Against the EEOC's $18 Million Settlement With Activision Blizzard
Claims "irreparable harm will occur" if payment proceeds.By Jason Winter - 1 week ago
Riot Decides To Alter Course On Disabling “/All” Chat In League Of Legends Matchmade Queues...Maybe
In response to player feedback, they’re going to do some testing first.By QuintLyn Bowers - 1 day ago
The Cycle To Refund All 2021 Purchases As Original Version Of Game Shuts Down
And you'll get to keep all the stuff you bought!By Jason Winter - 6 days ago