operating profit Archives

AppWizard

May 28, 2026

Subnautica 2’s botched bonus deal is about to wipe out more than one-third of Krafton’s $736 million annual profit for 2025

Krafton promised a substantial bonus to Unknown Worlds' principals—Ted Gill, Max McGuire, and Charlie Cleveland—following their acquisition in 2021, with a payout structure of .12 for every dollar earned once monthly revenues exceeded .8 million, capped at 0 million. Subnautica 2 sold four million copies in its first week and received a "very positive" rating on Steam. In 2025, Krafton dismissed the executives, alleging they rushed the game's release, but court proceedings revealed Krafton had approved their strategy. Krafton reported an operating profit of 1.1 trillion Korean won (approximately 6 million) for 2025, raising concerns that the bonus could consume over a third of its annual profits.

AppWizard

May 13, 2026

(LEAD) NC Q1 net income surges over fourfold on robust PC game sales

NC Corp. reported a net income of 152.4 billion won (approximately US2.2 million) for the first quarter, a 306.4 percent increase year-on-year. Operating profit rose to 113.3 billion won, a 2,070 percent increase. Total revenues climbed 54.7 percent to 557.4 billion won. The company's PC games segment generated record sales of 318.4 billion won, while the mobile game division contributed 182.8 billion won, with the mobile casual gaming sector reporting 35.5 billion won. Geographically, 58 percent of sales came from South Korea, 27 percent from other Asian markets, and 15 percent from North America and Europe.

AppWizard

February 12, 2026

Kakao, Google to partner on-device AI, smart glasses

Kakao Corp. is partnering with Google Inc. to enhance on-device AI services, integrating them with Google's upcoming AI glasses and expanding cloud infrastructure. Kakao's CEO, Chung Shina, highlighted the importance of collaboration with the Android development team to explore new on-device AI possibilities. The partnership distinguishes focuses for both companies, with Google working on device-based AI and Kakao collaborating with OpenAI for consumer-facing services. Kakao is advancing its on-device AI services, including “Kanana in KakaoTalk,” and is the only Korean company utilizing Google's tensor processing units for machine learning. Kakao's collaboration with OpenAI has resulted in over 8 million users for “ChatGPT for Kakao” within three months, with plans to enhance integration with KakaoTalk. In 2025, Kakao reported a 48% increase in operating profit to 732.0 billion won and a 3% rise in revenue to 8 trillion won.

AppWizard

January 30, 2026

Vampire: The Masquerade – Bloodlines 2 left a gaping, $28 million hole in Paradox’s year-end financial report

Paradox Interactive's year-end financial report indicates a 23% increase in revenue compared to the same quarter last year, marking it as the company's "second-best quarter ever." However, operating profit decreased by 162%, resulting in an overall loss of 245.4 million Swedish kronor, primarily due to the poor performance of Vampire: The Masquerade – Bloodlines 2, which led to a write-down of 355 million kronor. Without this write-down, Paradox would have reported a profit of around 110 million kronor, though this would still be less than the previous year's operating profit of 395.3 million kronor. Additionally, fluctuating foreign exchange rates negatively impacted the company's financial results, with the dollar depreciating by approximately 12% and the euro by 5-6%.