Neowiz recorded 101.4 billion won in sales in the first quarter... 14% growth compared to the previous year

Data provided by Neowiz

Neowiz (Co-CEOs Seung-cheol Kim and Tae-geun Bae) announced its first quarter 2026 performance in accordance with the Korean International Financial Reporting Standards (K-IFRS) on the 11th. Neowiz's sales this quarter were KRW 101.4 billion, a 14% increase compared to the same period last year, with operating profit of KRW 7 billion and net profit of KRW 15.5 billion. This is the result of maintaining stable growth thanks to the performance of key live IPs.

By sector, mobile games drove overall growth, recording sales of 51.4 billion won. ‘Brown Dust 2’ delivered solid performance in the fourth quarter due to deferred event sales and live box office hits commemorating the 1,000th anniversary in March, and ARPPU for web board games rebounded due to the effects of deregulation such as higher limits. Sales in the PC and console division amounted to KRW 39.5 billion, an increase of 9% compared to the same period last year, thanks to the global discount event of ‘P’s Lies’ and the steady sales of ‘The Shape of Dreams’.

Neowiz plans to continue its growth trend through fandom-friendly activities in the second quarter. ‘Brown Dust 2’ 3rd anniversary update, global offline fan event, and ‘DJ Max Respect V’ large-scale IP collaboration are planned. In addition, the influx of new users will be expanded through spring discount events for PC and console titles.

Development of new projects is also speeding up. ‘P’s next lie’ has completed verification of key fun elements and has entered the stage of improving completeness, and ‘Project CF’, ‘Project Rubicon’, and ‘Project Windy’ are also being developed according to schedule. Following ‘Cat and Soup: Magic Recipe’ released on April 28, ‘Kingdom 2’ is scheduled to be released in the early second half of the year. The publishing lineup includes ‘Hello Seoul: Itaewon’ and new works from overseas developer Wolfeye Studio.

Meanwhile, Neowiz executed a shareholder return worth approximately 12 billion won in accordance with its mid- to long-term shareholder return policy. It includes cash dividends of approximately 6 billion won, equivalent to 20% of operating profit in 2025, and approximately 6 billion won of treasury stock purchases and cancellations. Neowiz plans to continue to enhance shareholder value through dividends and cancellation of its own shares.