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Guild Wars 2: NCSoft Reports Healthy Earnings

24

Comments

  • QSatuQSatu WarsawPosts: 1,735Member Uncommon

    In the red was only NC Soft korea. If you add it's subsidiaries (like ANet with gW2). they are actually far on +.

    Here: http://english.yonhapnews.co.kr/business/2013/02/05/25/0503000000AEN20130205002551320F.HTML  "Consolidated net profit reached 101.9 billion won (US$93.7 million) in the October-December period"

     
  • KuppaKuppa Boulder, COPosts: 3,292Member Uncommon
    Originally posted by bcbully

    http://global.ncsoft.com/global/ir/earnings.aspx

     

    Read for yourself. As expected a nice portion of box sales were held over from the 3rd qt. Even with that it looks like they lost quite a bit. Stock went down another 5% today too.

    Stocks a funny thing, it's not a measurment for company performance but a percieved value which can be VERY misleading. 

     

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  • StoneRosesStoneRoses Seattle, WAPosts: 1,069Member Uncommon
    Stock went down they took some loss, yes GW2 is doing terrible! I guess the migration to Pirates101 is inevitable now!

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  • RefMinorRefMinor MyTownPosts: 3,452Member
    Originally posted by Kuppa
    Originally posted by RefMinor
    Originally posted by SBFord

    According to the NCSoft earnings report, the company experienced healthy earnings during the fourth quarter of 2012. Barring losses by Aion and Lineage II, the company maintained an 'in the red' report due to strong sales of Lineage, Guild Wars 2, and Blade & Soul.

    Check out the earnings report here.

    Source: Massively.com

     

    Do you realise that "in the red" indicates losses and is generally considered a bad thing. That is why massively ended their article with this statement "NCsoft's net income was in the red for the quarter and its stock has slid since September, losing half of its value in the process."

    GW2 has been performing, overall everything wasn't peaches and cream.

    My comment had nothing to do with GW2's figures, I was merely commenting on the inaccuracy in the article, as it did not "maintain" losses due to strong sales.

  • KuppaKuppa Boulder, COPosts: 3,292Member Uncommon
    Originally posted by RefMinor
    Originally posted by Kuppa
    Originally posted by RefMinor
    Originally posted by SBFord

    According to the NCSoft earnings report, the company experienced healthy earnings during the fourth quarter of 2012. Barring losses by Aion and Lineage II, the company maintained an 'in the red' report due to strong sales of Lineage, Guild Wars 2, and Blade & Soul.

    Check out the earnings report here.

    Source: Massively.com

     

    Do you realise that "in the red" indicates losses and is generally considered a bad thing. That is why massively ended their article with this statement "NCsoft's net income was in the red for the quarter and its stock has slid since September, losing half of its value in the process."

    GW2 has been performing, overall everything wasn't peaches and cream.

    My comment had nothing to do with GW2's figures, I was merely commenting on the inaccuracy in the article, as it did not "maintain" losses due to strong sales.

    I removed my comment because I noticed that after the fact.

     

    However, the figures you and MASSIVELY are talking about are the "Parent" figures, which I can only assume are NCSoft itself. When you look at the whole figures at the very beggining you will see that net income be higher qoq and yoy inmensely.

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  • Gaia_HunterGaia_Hunter BristolPosts: 2,828Member Uncommon
    Originally posted by kitarad
    That is in Korean Won . 1000 over Korean won is 1 US dollar.

    Sure but the numbers present are Billion wons.

    So billions won divided by 1000 is Millions USD.

    Currently playing: GW2
    Going cardboard starter kit: Ticket to ride, Pandemic, Carcassonne, Dominion, 7 Wonders

  • StormwindXStormwindX LondonPosts: 168Member
    Originally posted by Asamof
    amazing how many people still play lineage 1

    I was about to say this very same thing. It's kind of scary and/or amazing.

  • Gaia_HunterGaia_Hunter BristolPosts: 2,828Member Uncommon
    Originally posted by bcbully

    http://global.ncsoft.com/global/ir/earnings.aspx

     

    Read for yourself. As expected a nice portion of box sales were held over from the 3rd qt. Even with that it looks like they lost quite a bit. Stock went down another 5% today too.

    $150M would be around 5 million boxes ($30 per box).

    There is heavy gem money in there too

    Currently playing: GW2
    Going cardboard starter kit: Ticket to ride, Pandemic, Carcassonne, Dominion, 7 Wonders

  • moosecatlolmoosecatlol Boring, TXPosts: 1,172Member Uncommon
    A bigger question is what is NCsoft's cut out of Guild Wars 2? Without this being known, no useful conclusion can be drawn, other than what is plainly presented by the graph. I am curious to see how the region graph changes with the release of Blade and Soul over in North America. From what I hear about KR and Korean culture, Blade and Soul is the best thing since sliced bread.
  • RefMinorRefMinor MyTownPosts: 3,452Member
    Originally posted by QSatu

    In the red was only NC Soft korea. If you add it's subsidiaries (like ANet with gW2). they are actually far on +.

    Here: http://english.yonhapnews.co.kr/business/2013/02/05/25/0503000000AEN20130205002551320F.HTML  "Consolidated net profit reached 101.9 billion won (US$93.7 million) in the October-December period"

     

    Well there we go, a lesson for all of us not to use Gaming Websites to analyse financial results for us.

  • Gaia_HunterGaia_Hunter BristolPosts: 2,828Member Uncommon
    Originally posted by RefMinor
    Originally posted by QSatu

    In the red was only NC Soft korea. If you add it's subsidiaries (like ANet with gW2). they are actually far on +.

    Here: http://english.yonhapnews.co.kr/business/2013/02/05/25/0503000000AEN20130205002551320F.HTML  "Consolidated net profit reached 101.9 billion won (US$93.7 million) in the October-December period"

     

    Well there we go, a lesson for all of us not to use Gaming Websites to analyse financial results for us.

    They saw the parent company graphs, which is indeed in red. But those don't take in to account GW2.

     

     

    Currently playing: GW2
    Going cardboard starter kit: Ticket to ride, Pandemic, Carcassonne, Dominion, 7 Wonders

  • VesaviusVesavius BristolPosts: 7,645Member Uncommon
    Originally posted by Asamof
    amazing how many people still play lineage 1

     

    Is L1 still sub? or a F2P conversion?

  • drbaltazardrbaltazar drummondville, QCPosts: 7,987Member
    Ncsoft is in the red ,arenanet saved ncsoft ass (again)
  • PivotelitePivotelite Hamilton, ONPosts: 2,167Member
    Originally posted by drbaltazar
    Ncsoft is in the red ,arenanet saved ncsoft ass (again)

    I don't understand how though, they must be really poor with money management, they have Blade and Soul, Lineage and Aion all in Korea, I don't know about Lineage but I know Aion and Blade and Soul are sub based there and each has hundreds of thousands of players, Lineage also has a tonne of players... what are they doing wrong to end up in the red in Korea?

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  • eye_meye_m Notta Chance, ABPosts: 3,133Member Uncommon
    Originally posted by Pivotelite
    Originally posted by drbaltazar
    Ncsoft is in the red ,arenanet saved ncsoft ass (again)

    I don't understand how though, they must be really poor with money management, they have Blade and Soul, Lineage and Aion all in Korea, I don't know about Lineage but I know Aion and Blade and Soul are sub based there and each has hundreds of thousands of players, Lineage also has a tonne of players... what are they doing wrong to end up in the red in Korea?

    Aion is F2P utilizing the "Truly Free" conversion they started with Lineage 2. Do they still have subs as well?

    All of my posts are either intelligent, thought provoking, funny, satirical, sarcastic or intentionally disrespectful. Take your pick.

    I get banned in the forums for games I love, so lets see if I do better in the forums for games I hate.

    I enjoy the serenity of not caring what your opinion is.

  • TorvalTorval Oregon CountryPosts: 7,221Member Uncommon
    Originally posted by Vesavius
    Originally posted by Asamof
    amazing how many people still play lineage 1

     

    Is L1 still sub? or a F2P conversion?

    As far as I know it's still a subscription based game.  If it's still the same model when I played here in the west, it truly is a sub game.  There was no box fee and no xpac / micro-transaction fees of any kind.  You sub bought you access to everything.  Stuff like server transfers and name changes == reroll.

    I used to miss the game a lot until I played Tera which feels a lot like Lineage in some ways - action/arcade, drops, farming mobs, etc.  Even the loot drop pickup animation is very reminiscent of Lineage.  It looks like there was more than just design ideas in that code.

  • AutemOxAutemOx Fullerton, CAPosts: 1,704Member
    K NCSoft lets make some more moolah and release a GW2 expansion!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Play as your fav retro characters: cnd-online.net. My site: www.lysle.net. Blog: creatingaworld.blogspot.com.

  • ArglebargleArglebargle Austin, TXPosts: 1,418Member Uncommon

    I hope NCSoft's board of directors eventually get spanked in public and fired in shame.   But then I am vindictive that way.

    If you are holding out for the perfect game, the only game you play will be the waiting one.

  • QuizzicalQuizzical Posts: 14,784Member Uncommon
    Originally posted by ichihaifu
    "how unexpected" "GW2 is profitable after all, I wonder why is that"

    You can't know if a game is profitable unless you know how much it cost to make.  My guess is that Guild Wars 2 has probably gotten more in sales already than it cost to make, but that's just a guess.

  • QuizzicalQuizzical Posts: 14,784Member Uncommon
    Originally posted by Jakdstripper
    how the hell does Korea (assuming south Korea), a nation of 50 mil people, beat Europe + N America's in sales? :O....last i checked Koreans' are not rich....how the heck do they spend that kind of money on mmos? what does the average Korean family do once they get a paycheck ? "buy food, pimp out my GW2 character, and then pay rent if there is anything left..."?

    NC Soft has a much larger percentage of the game market in South Korea than elsewhere.  Other than Guild Wars 2, most of their games don't sell much outside of South Korea, but several of them sell very, very well there.  Lineage 1 is to the South Korea market roughly as World of Warcraft is to the US market.

    Furthermore, while North Korea is still a disaster, South Korea isn't.  Per capita income there is about 2/3 of what it is in the US.  To put that into perspective, that puts them slightly ahead of Spain and Italy, and slightly behind Ireland and France.  Remember also that MMORPGs are a very cheap form of entertainment.

    See page 7 here for my source:

    http://hdr.undp.org/en/media/HDR_2011_EN_Tables.pdf

  • Rthuth434Rthuth434 uniondale, NYPosts: 346Member
    Originally posted by Vesavius
    Originally posted by Asamof
    amazing how many people still play lineage 1

     

    Is L1 still sub? or a F2P conversion?

    pure sub, and even with only the Korean server running it's the second most popular sub game besides WoW hovering at about 1 million subs. after 16 years....

  • XiaokiXiaoki White Pigeon, MIPosts: 2,607Member Uncommon


    Originally posted by Gaia_Hunter

    Originally posted by bcbully http://global.ncsoft.com/global/ir/earnings.aspx   Read for yourself. As expected a nice portion of box sales were held over from the 3rd qt. Even with that it looks like they lost quite a bit. Stock went down another 5% today too.
    $150M would be around 5 million boxes ($30 per box).

    There is heavy gem money in there too


    Im guessing you missed that ArenaNet themselves announced that GW2 has sold 3 million boxes as of January.


    I mean, really, where did you get 5 million boxes sold at $30?


    EDIT - actually you didnt. After checking your post history you did post about GW2 selling 3 million copies. A bunch of times too.


    So, did you think that GW2 sold 2 million boxes in the span of negative 2 weeks or something?

  • Rthuth434Rthuth434 uniondale, NYPosts: 346Member
    Originally posted by Xiaoki

     


    Originally posted by Gaia_Hunter

    Originally posted by bcbully http://global.ncsoft.com/global/ir/earnings.aspx   Read for yourself. As expected a nice portion of box sales were held over from the 3rd qt. Even with that it looks like they lost quite a bit. Stock went down another 5% today too.
    $150M would be around 5 million boxes ($30 per box).

     

    There is heavy gem money in there too


    Im guessing you missed that ArenaNet themselves announced that GW2 has sold 3 million boxes as of January.

     


    I mean, really, where did you get 5 million boxes sold at $30?

     he is clearly saying that the money  made includes microtransactions. 

  • PurutzilPurutzil East Stroudsburg, PAPosts: 2,925Member Uncommon

    Grats for them. Really all I got to say, GW2 did pretty good.

     

    Yes, I still feel its a very lack luster game, doesn't mean I can't be happy for them and wish them luck. Its no where near a huge success but its not doing bad at all.

  • MaelkorMaelkor Friendswood, TXPosts: 465Member Uncommon
    Actually looking at the charts NCSoft made a profit in 2011 and 2012. I am just not sure what monetary units those charts represent. Their profits went up some in 2012 with over half of their revenue coming from Korea with the rest spread out over other countries including North America.
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