p>LOS ANGELES (November 8, 2017) - Com2us today reported its 2017 Q3 results, marking another stellar quarter of earnings driven by strong overseas sales.
For the eighth consecutive quarter, Com2us has surpassed KRW 100 billion in total revenue and continues to display strength globally with 88% (KRW 110.1 billion/approx. USD $98,879,141) of its total earnings from overseas markets.
Worldwide sales of KRW 125.7 billion (approx. USD $112,824,549), operating profit KRW 49.6 billion (approx. USD $44,523,185), and net income 39.8 billion (USD $35,735,263) show QoQ increase of 6.4%, 20.5%, and 28.8% respectively. Com2us’ presence remain firm in North American and European markets, which account for 61% of its overseas sales. With an operating profit of nearly 40%, the company has proven its profit structure to be strong. This figure surpasses industry standards, solidifying Com2us’ position as one of the most profitable mobile game companies in the world.
Com2us’ consistent performance in the highly competitive mobile games space reflects the strength of new and existing titles in its games lineup that have built a loyal player base. Its flagship RPG Summoners War represents the company’s commitment to offering players a premium mobile gaming experience and providing its community with industry-leading customer service. Now in its third year, the hit RPG has become the first South Korean mobile game to surpass USD $1 billion in June with no signs of slowing down. Stellar earnings from key titles MLB 9 Innings 17 and Golf Star have also given the company’s Q3 results a significant boost.
Plans are currently underway to expand Com2us’ key IPs beyond the mobile space through eSports, merchandising, and Film/TV media in order to maintain its position as one of the leading mobile games company in the world. As the company’s marquee title, Summoners War will also continue to receive substantive content updates.
Push into eSports
Earlier in June, the company partnered with Amazon to hold its first large-scale Summoners War U.S. tournament at the Mobile Masters Invitational in New Jersey. On the day of the tournament, the event was the #5 most-watched Twitch stream and recorded over 35,000 concurrent views across 39 channels.
Following the Mobile Masters Invitational, Com2us launched its inaugural global tournament, Summoners War World Arena Championship, across nine cities: Los Angeles, New York, Paris, Tokyo, Seoul, Shanghai, Taipei, Hong Kong, and Bangkok. Peak concurrent viewership on Twitch during the Los Angeles regionals topped the previous record set at the Mobile Masters Invitational. Meanwhile, the New York regionals were attended by an enthusiastic live crowd of all ages with extra seating being needed to accommodate the overwhelming turnout. Combined, the two North American regional events surpassed more than 1,440,000 views.
Summoners War MMORPG and beyond
In 2018, a new mobile MMORPG based on the Summoners War universe will be released worldwide. The company has also formed an IP strategy team to oversee the expansion of the Summoners War brand into other areas such as Film/TV and merchandising. In addition to the company’s collaboration with MLB for its MLB 9 Innings series, a partnership with Activision to develop a mobile game of its 'Skylanders' franchise is currently slated for an early 2018 launch. Meanwhile, upcoming 2017 releases such as tactical action RPG Majestia, anime-inspired golf game Birdie Crush, a VR version of Ace Fishing, and Heroes War 2 will look to sustain the company’s growth.
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About Summoners War
Summoners War is the flagship mobile action-RPG developed by Com2us. Launched globally in 2014, the game has ranked #1 grossing in RPG games in 108 countries (App Store) and in 96 countries (Google Play). Summoners War features over 1,000 unique characters and provides a premium mobile RPG experience gamers are able to enjoy anytime and anywhere.
Com2us is a leading developer and publisher of mobile games that span across all genres. Our mission is simple. We thrive to create games with a level of depth and engagement rarely experienced on mobile platforms. Our dedication to build a robust gaming community through active engagement with our players has made this possible. Established in 1998, we’re headquartered in Korea with international offices in China, Japan, Taiwan and the United States. For more information about Com2us and our portfolio of groundbreaking mobile games, visit www.com2us.com .
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