May 14, 2025 / 12:00AM GMT
Operator
Good morning, and good evening. Thank you all for joining the conference call for the NCSOFT earnings results. This conference will start with a presentation followed by a Q&A session. (Operator Instructions)
Now we will begin the presentation of NCSOFT first quarter of fiscal year 2025 earnings results.
Jason Lee - NCSOFT Corp - VP & Head of Investor Relations
Good morning, everyone. This is Jason Lee, Head of IR at NCSOFT. Thank you for participating in the NCSOFT earnings conference call for the first quarter of 2025. We have Co-CEO, BM Park; and CFO, Willy Hong, joining us for today's conference. Now let me begin with the financial highlights.
In Q1, sales totaled KRW360.3 billion (inaudible) QoQ impacted by decreased royalty sales. Year-over-year, sales were 9% lower due to the stable decline in flagship PC and mobile phones. Operating profit recorded KRW5.2 billion, turning positive quarter-over-quarter, driven by the reduced impact of severance payments. Year-over-year, however, it dropped 80% due to the decrease in sales.
Q1 2025 NCSoft Corp Earnings Call Transcript
May 14, 2025
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