[Edaily Reporter An Yu-ri ] NEOWIZ(095660)reported a 64% year-over-year decline in operating profit for the third quarter of this year. Although the company managed to maintain revenue by expanding the platforms for its existing games and operating live services amid a lack of major new releases, it was unable to recover to last year’s level of profitability.

NEOWIZ announced on the 11th that it posted third-quarter consolidated revenue of 110.5 billion won and operating profit of 9.6 billion won. Compared to the same period last year, revenue fell 13% and operating profit dropped 64%. However, compared to the previous quarter, revenue rose 8% and operating profit increased 21%.

The net loss totaled 10.3 billion won, marking a return to the red compared to both the same period last year and the previous quarter. The company explained that this reflected valuation and translation losses on foreign currency assets due to the strengthening of the Korean won.

By business segment, the decline in PC and console game revenue was particularly notable. This segment generated 39.2 billion won in revenue, a 33% decrease from the same period last year. Compared to the previous quarter, revenue increased by 5%. This partly reflected the impact of the release of *The Lie of P* on the Nintendo Switch 2 and the launch of *Shape of Dreams* on console platforms last September.

Revenue in the mobile games segment totaled 56.6 billion won, a 3% decrease from the same period last year but a 6% increase from the previous quarter. Revenue for “Brown Dust 2” declined due to a base effect resulting from the 3rd-anniversary event held in the previous quarter. However, the company explained that extended events and content collaborations helped support related revenue. The massively multiplayer online role-playing game (MMORPG) “Kingdom 2,” released by subsidiary Pau Games, also contributed to the results. Revenue in the “Other” segment totaled 14.7 billion won, a 44% increase compared to the same period last year.

NEOWIZ plans to continue the long-term operation of its existing games while simultaneously developing upcoming titles.

Key growth drivers include the sequel to “P’s Lie” and PC and console games based on Nihon Falcom’s “The Legend of Heroes III: The White Witch” IP. The company is also preparing for the global publishing of a new title currently under development by U.S.-based WolfEye Studios. The company plans to enhance the quality of these projects and sequentially release major new titles starting in 2027.

A NEOWIZ official stated, “Third-quarter earnings grew compared to the previous quarter, driven by platform expansion and live services for existing titles, as well as the performance of our subsidiaries,” adding, “Starting next year, we will sequentially unveil major new titles and continue to identify new growth drivers.”