South Korean mobile developer Netmarble generated $1.95 billion in revenue in 2024, up 6.5% year-over-year.
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Geek Alliance LLCEBITDA increased by 216.5% Y/Y to $271.3 million. Meanwhile, the publisher’s total costs fell from 95% of revenue in 2023 to 86% in 2024. This helped land an operating profit of $158.1m for the year, but net profit was just $4.6m. … [MORE]
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1 Comment
Netmarble bouncing back with a $4.6 million net profit is pretty impressive, especially after two years of losses. Their revenue hitting $1.95 billion and a 6.5% increase shows they’re definitely on the right track. The massive jump in EBITDA is wild—216.5% is no joke! It looks like they’ve really tightened up their costs too, which is crucial in this competitive market.
Even though the net profit seems small compared to their overall revenue, it’s a solid step towards stability. Hopefully, they can keep this momentum going and roll out some cool new games that keep us all hooked!