KRAFTON Inc. Unveils Record-breaking 2023 Earnings and Ambitious Plans for 2024

Get the scoop on KRAFTON Inc.‘s impressive 2023 earnings announcement and exciting plans for 2024. From record-high sales to new game releases, CEO CH Kim shares insights into the company’s growth strategy.

KRAFTON achieves record-high sales of 1,910.6 billion KRW (£1,139M GBP) in 2023 

KRAFTON Inc., the powerhouse behind PUBG: BATTLEGROUNDS, made headlines with its 2023 earnings announcement and strategic outlook for 2024. With CEO CH Kim at the helm, the company reported stellar financial performance, setting new records for sales and profits.

In 2023, KRAFTON achieved consolidated sales of 1,910.6 billion South Korean Won (£1,139M GBP), with an operating profit of 768 billion KRW (£458M GBP) and net profit of 594.1 billion KRW (£354M GBP). Notably, annual sales and operating profit saw a modest year-over-year increase of 3.1% and 2.2%, respectively, while net profit surged by an impressive 18.8%. The fourth quarter of 2023 witnessed a significant uptick in sales, climbing by 12.8% year-over-year to 534.6 billion KRW, with operating profit firming by 30.3% to 164.3 billion KRW.

KRAFTON announces UniPin as the official distribution partner for Road to Valor Empires

The success story continued with PUBG: BATTLEGROUNDS, as sales from the game on PC and consoles saw a remarkable 37% year-over-year increase. December 2023 witnessed a 70% spike in Peak Concurrent Users (PCU), showcasing the enduring popularity of the title. Additionally, BATTLEGROUNDS MOBILE INDIA made a strong comeback, recording its highest monthly sales in December, underscoring KRAFTON’s growth potential in the Indian market.

During the earnings call, KRAFTON revealed its ambitious plans for 2024, highlighting a commitment to releasing new games annually as part of its ‘Scale-up the Creative’ strategy. Exciting new titles such as Dark and Darker Mobile, inZOI, Dinkum Mobile, Project Black Budget, and Subnautica 2 are in the pipeline. Moreover, the company announced investments in over ten projects as a second-party publisher.

Looking ahead, KRAFTON is franchising the PUBG: BATTLEGROUNDS IP, expanding independent publishing, and ramping up R&D investments in Artificial Intelligence, specifically Deep Learning. CEO Kim expressed confidence in the company’s trajectory, stating, “this year will mark the beginning of reaping the rewards from these efforts, reaching a pivotal milestone for KRAFTON’s step-by-step growth.”

As KRAFTON continues to dominate the gaming industry, gamers worldwide can anticipate an exciting lineup of new titles and innovative ventures in the coming years. Stay tuned for more updates from this gaming juggernaut!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

BGMI World of Wonder:

BGMI World of Wonder: Where Gaming Meets Real-World Education

BGMI World of Wonder: In the ever-evolving world of mobile gaming, KRAFTON India has just upped the...
KRAFTON India introduces First-of-its-Kind Educational Maps for 200 million BGMI Players

KRAFTON India introduces First-of-its-Kind Educational Maps for 200 million...

The maps are designed to educate BGMI players on essential life skills, covering fire safety, environmental responsibility,...
BGMI's Groundbreaking Ad: When Reality Meets Gaming in Stunning VFX

BGMI’s Groundbreaking Ad: When Reality Meets Gaming in Stunning...

BGMI's Groundbreaking Ad: Imagine sipping chai at your favorite street-side stall when suddenly, the world around you...
Cashfree Payments: A USD 53M Power-Up for India’s Booming Fintech Scene

Cashfree Payments: A USD 53M Power-Up for India’s Booming...

Imagine powering an entire digital transaction ecosystem with just one solution. Cashfree Payments, a homegrown fintech star,...
Game On: realme’s 2025 Mobile Gaming Revolution

Game On: realme’s 2025 Mobile Gaming Revolution

Are you ready for a revolution in mobile gaming? realme, a favorite among India’s youth, is forging...

LATEST NEWS

Khakee: The Bengal Chapter OTT Release Date – When and Where to Watch Neeraj Pandey’s Crime Thriller

Neeraj Pandey’s much-anticipated crime-thriller series, Khakee: The Bengal Chapter, is all set to enthrall audiences with its gripping storyline and intense action sequences. Following...

What Happens if India vs Australia Is Washed Out Due to Weather?

As cricket fans eagerly await the upcoming India vs Australia semi-final in the ICC Champions Trophy 2025, there’s an unexpected player that could steal...

Shark Tank India Season 4 Release Date, Judges & Streaming Details

The much-awaited Shark Tank India Season 4 is all set to return, bringing a fresh wave of entrepreneurial spirit and innovation. This season promises...

Ultimate Guide to Roblox Blox Fruits Redeem Codes (March 2025)

Roblox Blox Fruits Redeem Codes ! Ahoy, fellow adventurers! Ready to set sail on the high seas of Roblox Blox Fruits and claim some treasure?...

Featured