Krafton announced record earnings for 2021, the highest in company history. Both the shift of PUBG: Battlegrounds to a shareware distribution model and the popularity of the mobile version of PUBG contributed to new successes.
According to the financial report, Krafton’s annual revenue was $1.57 billion, up 13% year-on-year. The operating result was 34%. At the same time, the company’s revenue for the most recent quarter paused at $371.3 million, up 25.9% from the fourth quarter of 2020. Net income from core activities was 9.7%.
Krafton noted that it had actual operating income of over $585.3 million in 2021.
Specifically, PUBG: Battlegrounds posted revenue of $96.1 million for the fourth quarter of 2021 and $333.6 million for the full year, driven by changes to its paid in-game product portfolio, which exceeded the average check in the More than quadrupled compared to 2020.
PUBG Mobile generated $1.18 billion in revenue last year and $253.7 million in the fourth quarter. According to Krafton, this was facilitated by the development of Battlegrounds Mobile India and the release of New State Mobile.
In 2022, the company plans to release new games and expand its business:
- a project codenamed Project M from the creators of the Subnautica series (Unknown Worlds Studio) is in the pipeline and will be in Early Access this year. According to the description, the game’s action takes place in a sci-fi setting, and its genre is turn-based strategy;
- studio Striking Distance’s horror film Callisto Protocol is released;
- Mobile games Road to Valor: Empires by Dreamotion and Defense Derby by RisingWings are released.
Finally, Krafton is developing a platform for creating user-generated content using speech AI, wants to create a high-quality metaverse on Unreal Engine, and plans to join the NFT trend.