Wemade Play Co., Ltd. announced its performance for the third quarter of 2022, recording consolidated sales of 33.5 billion won, operating profit of 670 million won, and net profit of 4.07 billion won.
The third quarter performance showed that operating profit decreased by 80% compared to the same period last year, but sales and net profit increased by 20% and 26%, respectively. Operating profit and net profit in the third quarter turned into surplus compared to the previous quarter, and combined sales for the three quarters of this year were KRW 101.8 billion, recording the largest quarterly cumulative sales in the past eight years. This was analyzed against the background of the stabilization of investment activities for marketing and new businesses promoted since the beginning of the year and the growth of Playlings’ overseas sales.
Meanwhile, Wemade Play introduced full-fledged new business development starting in the middle of the fourth quarter. ‘Anipang Blast’ and ‘Anipang Match’, which are the first P&E genre casual games developed in-house and have been onboarded to Wemix Play, are scheduled for overseas pre-registration, and the NFT membership service ‘Anipang Club’ has completed preparation of its website and is scheduled to be launched within the year. Confirmed. The company explains that its subsidiary Playlings is also pursuing the P&E genre and is conducting overseas market research for the launch of a new product to be introduced to the global social casino market within the year.
Lee Ho-dae, CEO of Wemade Play, said, “As the foundation for integrated growth such as new technology development, branding, investment, and partnerships, as well as the development of new works, are progressing without a hitch, we expect that new driving forces such as various new works and businesses will be put into operation by the end of the year.” reported.
Meanwhile, Wemade Play, which announced the operation of major new businesses within the year along with its third quarter performance, plans to carry out a large-scale rebranding of Anipang intellectual property rights (IP) in domestic and overseas markets and expansion of subsidiaries to specialize in new businesses.
Source: Pangyo Techno Valley Official Newsroom
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