Written by 1:08 PM Tech

Wemade Play, with a 300 million won operating loss in the first quarter, sees a return to deficit.

Above is a Korean text that seems to contain information about a gaming company. Here is the translated text:

‘Netmarble Play narrowly managed to turn a profit and once again switched back to losses.’

According to the announcement on the 7th, Netmarble Play recorded sales of 30.4 billion won, operating losses of 300 million won, and net losses of 100 million won for the first quarter on a consolidated basis.

Although it had a profit of 100 million won in the third and fourth quarters of last year, it returned to losses once again. Sales decreased by 2.9% compared to the previous quarter and by 0.1% compared to the same period last year.

The gaming company, known for the ‘Anipang’ series, was acquired by Netmarble and changed its name from SundayToz to Netmarble Play in March 2022. After focusing on Play-to-Earn games, it failed to show clear results and fell into a deficit. The former owner, Smilegate, disposed of all its shares in the gaming company in December of the same year.

Netmarble Play is preparing to target overseas markets with games such as ‘Anipang Merge’, ‘Anipang Match Like’, and ‘Dungeon and Stones’.

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