Com2us today announced its 2018 Q1 results, marking yet another robust quarter of earnings driven by strong overseas sales.
For the 10th consecutive quarter, Com2us has surpassed 100 billion KRW in quarterly revenues and continues to exhibit strength globally with 85% of its earnings from overseas sales. The company recorded 39.4 billion KRW (approx. $37m USD) in operating profit and net profit of 36.5 billion KRW (approx. $34.2m USD) with a high operating margin of 35% as a result of the company’s sound profit structure.
Com2us’ consistent performance in the highly competitive mobile games space reflects the strength of new and existing titles in its games lineup that have built a loyal player base. Flagship RPG Summoners War continues its remarkable run heading into its 4th year of service. Having crossed the 90 million global download mark in March, the game represents the company’s commitment to offering players a premium mobile gaming experience and providing its community with industry-leading customer service. The company will continue to release new content and promotional events for the game ahead of its 4th year anniversary while also getting ready to hold its second Esports tournament, SWC Americas Cup 2018 in the summer.
The Summoners War animated series and comic books currently in development with Walking Dead creator Robert Kirkman and Skybound Entertainment, as well as figures, clothing, and other merchandise with Funko will look to further strengthen the game’s IP in the global market.
Stellar earnings from key titles MLB 9 Innings 18 and Golf Star have also given the company’s Q1 results a significant boost. An all-new mobile iteration of Activision’s Skylanders franchise is slated for release in the summer while the much-anticipated Summoners War MMORPG will aim to launch by the end of the year. Social sandbox game DANCEVIL, casual golf game Birdie Crush, and new turn-based RPG Heroes War 2 are also scheduled for release in the global market.
