BGMI Tops Monthly In-Game Revenue in Dec 2023 as per the Latest Earnings Call; Here Are the Details
Krafton has announced its latest sales figure in an earnings call held on Thursday. The company announced record-high sales of 1,910.6 billion South Korean Won (KRW) in 2023, which is roughly ₹11.9 crores, based on the currency exchange rate at the time of writing. Battlegrounds Mobile India also recorded the largest monthly sales in December 2023, contributing as a leading factor in the company’s sales upturn.
The sales profit increased 3.1% YoY, and operating profit saw a 2.2% YoY increase. Krafton’s overall net profit climbed to 18.8% YoY. Krafton also released its 4Q23 preliminary earnings on January 26, which revealed that sales reported a 12.8% YoY to take the figures to 534.6 billion KRW and operating profits were at 164.3 billion KRW after a 30.3% YoY.
Krafton reported that sales from PUBG: Battlegrounds on PC and consoles rose to 37% YoY, where peak concurrent users also increased by 70% in December 2023 when compared to 2023’s lowest point of active users in PUBG in 2023.
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The company also reported that BGMI has “quickly recovered both traffic and revenue, recording the largest monthly sales in December.” Krafton added that the results point towards “robust growth prospects” for the PUBG IP and expanding Krafton’s business and game portfolio in India. Expanding upon this, Krafton reiterated its plans to launch Dark and Darker Mobile and inZOI in 2024, with Dinkum Mobile, Project Black Budget, and Subnautica 2 also in active development. Krafton also revealed that it has invested in over 10 other titles as a second-party publisher.
Krafton CEO Chang Han Kim said during the earnings call, “Having achieved stable performance last year, mainly through the PUBG: Battlegrounds IP, we were able to focus on securing multiple upcoming titles.”
He added, “We are now prepared to take a leap forward. This year will mark the beginning of reaping the rewards from these efforts, reaching a pivotal milestone for Krafton’s step-by-step growth.”
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