Netmarble, the South Korean developer of mobile games Marvel Future Revolution, Lineage 2: Revolution and others, has released its financial results for the second quarter of 2022. The company generated revenue of $535.95 million, a 14.4% increase over last year.

The financials also reported that Netmarble earned $17.46 million before interest, taxes, depreciation and amortization (EBITDA), down 48.6% from last year. The operating loss was $28.09 million, and the net loss was $97.77 million.

Games in the second quarter accounted for 50% of the company’s revenue: Ni no Kuni: Cross Worlds — 10 %, MARVEL Contest of Champions — 10%, Cash Frenzy — 8%, Jackpot World — 8%, Lotsa Slots — 8% and The Seven Deadly Sins: Grand Cross — 7%. The company’s other games accounted for 49% of revenue.

Casual games cement their dominance in the mobile gaming industry and bring in 47% of Netmarble’s revenue. Meanwhile, RPGs brought in 22%, MMORPGs 22% and other genres 9%.

Late releases in the second quarter caused some of our new games, such as Ni no Kuni: Cross World and Merge Kuya Island, to have limited financial impact in the first half of 2022.

Young-sig Kwon, CEO of Netmarble

The company was rated A in the Morgan Stanley Capital International (MSCI) Environmental, Social and Governance Score (ESG) and is looking to improve its performance in the third quarter of this year. This financial report showed results similar to Netmarble’s previous financial performance for the first quarter of 2022, in which the company’s EBITDA was down 43% from the prior quarter.

The company expects third-quarter growth, including the successful July launch of Seven Knights Revolution in South Korea and other games planned for the second half of the year.

Young-sig Kwon, CEO of Netmarble

Side note: Flexion Mobile announces a new growth record.

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