KRAFTON records net profit of KRW 348. 6 billion, expands investments in developers

KRAFTON announced its Q1, 2024 preliminary earnings. The company recorded its Q1, 24 sales at KRW 665.9 billion, operating profit at KRW 310.5 billion, and net profit at KRW 348.6 billion per the Korean International Financial Reporting Standards (K-IFRS). Consolidated sales climbed 24.6% quarter-on-quarter (Q-o-Q), setting a record quarterly sales. The operating profit grew by 89% QoQ.

BATTLEGROUNDS MOBILE INDIA(BGMI) increased the interest of users with content tailored to local Indian festivals and co-marketing with Bollywood movies, while also opening a UniPin web store for a third-party payment platform to improve profitability. In addition to BGMI’s service this year, KRAFTON plans to concentrate on diverse publishing experiences and game-centric investments.