NCSOFT’s sales continue to decline, but things could change in 2024

NCSOFTs sales continue to decline but things could change in NCSOFT's sales continue to decline, but things could change in 2024

NCSOFT reported financial results for the third quarter of 2023. Since the release date of MMORPG Throne and Liberty has already been announced and the list of games for the G-Star 2024 exhibition is known, there were almost no questions about the games. Investors were mainly interested in financial and management issues.

When asked about the results of the Throne and Liberty technical test that Amazon Games conducted in September, an NCSOFT representative said that players were pleased with the changes made. On some key points, Western players confirmed the expectations of Korean players, but what these “key points” are is not specified. The companies are now busy preparing for new tests, which Amazon Games will announce according to its plans and schedules. Let us remind you that the release of the Western version is still scheduled for 2024.

Blockchain games are still being considered by NCSOFT, but there is currently no way to create such projects. The company sees the problem that too many requirements are not yet met: from legislation to the lack of a universal and stable digital currency. Additionally, NCSOFT does not agree that blockchain games should be P2E (play to earn).

Speaking about the decline in sales, it was noted that it has practically stopped, since in the mobile sector the decline in sales was only 7.7% compared to the previous quarter, and sales of PC games increased by 5.7%. Surprisingly, of all PC games, only Lineage 2 showed a decrease, and by 10.6%. And cross-platform Blade & Soul 2 showed an increase of 116% – this became possible thanks to the release in Japan and Taiwan.

NCSOFT predicts that sales will stabilize in the fourth quarter, and will begin to grow in 2024, as several new projects will be released and regional versions of some older projects will be launched.

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