[Edaily Reporter An Yu-ri ] Wemade Co., Ltd.(112040)announced on the 12th that it recorded revenue of 108.3 billion won and an operating loss of 21.0 billion won for the second quarter of 2026. Revenue decreased by 7% year-over-year, while the operating loss narrowed by 7.5 billion won. Net income totaled approximately 3.5 billion won.

In particular, revenue from the gaming division fell by about 8%, and the overall decline in revenue was exacerbated by the exclusion this quarter of one-time licensing revenue related to the resolution of the “Legend of Mir 2” IP royalty dispute, which had been recognized in the previous quarter. Consequently, operating profit turned to a loss compared to the previous quarter.

Compared to the same period last year, revenue decreased by approximately 7%. The operating loss narrowed from approximately 28.5 billion won in the second quarter of last year to approximately 21.0 billion won, thanks to cost-cutting measures such as reductions in personnel expenses and advertising and promotional expenses.

Cumulative revenue for the first half of 2026 was approximately 261.6 billion won, a slight increase from the approximately 258.7 billion won recorded in the first half of 2025. The operating loss for the first half was approximately 12.5 billion won, a significant reduction from the approximately 39.9 billion won recorded in the first half of last year, driven by ongoing cost-efficiency efforts.

Wemade Co., Ltd. announced plans to drive a turnaround in its performance by leveraging a lineup of new titles across various genres. The company confirmed that the new title based on the “Night Crow” IP will be named “Night Crow W” and announced plans for a simultaneous global launch. The original “Night Crow” obtained a foreign investment license in June to enter the Chinese market.