Source: Neowiz

Neowiz (co-CEOs Kim Seung-chul and Bae Tae-geun) announced its financial results for the first quarter of 2026, based on K-IFRS, on the 11th. The company recorded ₩101.4 billion in revenue for the quarter, a 14% increase compared to the same period last year, with an operating profit of ₩7 billion and a net profit of ₩15.5 billion. This steady growth was driven by the performance of key live IPs.

By segment, mobile games led the growth with ₩514 billion in revenue. 'Brown Dust 2' delivered solid results, bolstered by deferred event revenue from the previous fourth quarter and a successful 1k-day anniversary live event in March, while web-board games saw a rebound in ARPPU due to regulatory easing, such as increased spending limits. PC and console revenue reached ₩39.5 billion, a 9% increase year-over-year, driven by global discount events for 'Lies of P' and steady sales of 'Shape of Dreams'.

Neowiz plans to maintain this growth momentum in the second quarter through fandom-friendly activities. Upcoming initiatives include the 3rd-anniversary update and a global offline fan event for 'Brown Dust 2', as well as a major IP collaboration for 'DJMAX Respect V'. Additionally, the company aims to attract new users through spring discount events for its PC and console titles.

Development of new projects is also accelerating. The sequel to 'Lies of P' has completed verification of its core gameplay elements and has entered the stage of enhancing overall quality. 'Project CF', 'Project Rubicon', and 'Project Windy' are also on track. Following the release of 'Cats & Soup: Magic Recipe' on April 28, 'Kingdom 2' is scheduled for launch early in the second half of the year. The publishing lineup also includes 'Hello Seoul: Itaewon' and a new title from the overseas developer WolfEye Studios.

Meanwhile, in accordance with its mid-to-long-term shareholder return policy, Neowiz executed approximately ₩12 billion in shareholder returns. This includes about ₩6 billion in cash dividends, representing 20% of its 2025 operating profit, and approximately ₩6 billion for the repurchase and cancellation of treasury shares. Neowiz plans to continue enhancing shareholder value through dividends and share buybacks.