Slide 1: 1Q25 Earnings Release
1Q25 Earnings Release May 13, 2025 WEBZEN Inc.
Slide 2: Disclaimer
Disclaimer Some contents may reflect forward-looking statements and have been prepared based on the expectations according to the data on which these statements were made. There can be no assurance that the forward-looking statements used by WEBZEN are correct as results can differ from expectations
Slide 3: Consolidated Corporations
Consolidated Corporations The followings are the subsidiaries of WEBZEN Inc. 1. WEBZEN ONNET Co., Ltd. 2. OnNet Europe GmbH. 3. Webzen Taiwan Inc. 4. Webzen West Inc. 5. Webzen Dublin Ltd. 6. Webzen Japan Inc. 7. WEBZEN Red Star Inc. 8. WEBZEN Mega Stone Inc. 9. WEBZEN Redcore Inc. WEBZEN Inc. 10. W
Slide 4: Summary of earnings changes
Summary of earnings changes [Consolidated] (Unit : KRW million) IS 1Q25 4Q24 QoQ 1Q24 YoY Revenue 41,554 56,071 -26% 61,470 -32% Game Sales 41,467 55,984 -26% 61,357 -32% Others 87 87 -0.01% 113 -23% Operating Expenses 32,651 40,935 -20% 43,481 -25% Operating Profit 8,903 15,135 -41% 17,989 -51% Inc
Slide 5: Result Analysis (Consolidated)
Result Analysis(Consolidated) Revenue 41.6b (QoQ -26%, YoY -32%) Operating Profit 8.9b (QoQ -41%, YoY -51%) Net Income 1.3b (QoQ -90%, YoY -94%) (Unit : KRW million) QoQ YoY Revenue Operating Profit Net Income Revenue Operating Profit Net Income 61,470 56,071 41,554 41,554 20,648 17,989 15,135 12,11
Slide 6: Sales Breakdown (Consolidated)
Sales Breakdown(Consolidated) MU 29.6b (QoQ -27%, YoY -33%) R2 3.5b (QoQ -20%, YoY -43%) Metin2 5.5b (QoQ -28%, YoY -15%) Shot Online 0.9b (QoQ -30%, YoY -34%) breakdown MU R2 Metin2 ShotOnline Others 5% (Unit : KRW million) 4% 1Q25 4Q24 1Q24 2% 2% 10% 10% Total 41,467 55,984 61,357 5% 13% 8% 2% MU
Slide 7: Sales Breakdown (Consolidated)
Sales Breakdown(Consolidated) Domestic 23.6b (QoQ -36%, YoY -44%) Overseas 17.9b (QoQ -6%, YoY -7%) Portion of Overseas QoQ +9%p, YoY +12%p breakdown Domestic Overseas 31% 34% (Unit : KRW million) 1Q25 4Q24 1Q24 43% Total 41,467 55,984 61,357 69% 66% Domestic 23,567 36,925 42,104 57% Overseas 17,900
Slide 8: Expenses Breakdown (Consolidated)
Expenses Breakdown(Consolidated) Operating Expenses 32.7b (QoQ -20%, YoY -25%) - Fees 11.9b (QoQ -27%, YoY -48%) - Labor 16.7b (QoQ +3%, YoY +1%) - Marketing 0.4b (QoQ -93%, YoY -51%) breakdown (Unit : KRW million) Fees Labor Marketing D&A Network Taxes&Dues Others 1Q25 4Q24 1Q24 2% Total 32,651 40,
Slide 9: Summary of F/S (Consolidated)
Summary of F/S(Consolidated) (Unit : KRW million) BS 2025.03.31 2024.12.31 Current Assets 497,956 482,311 Non-Current Assets 260,031 268,612 Total Assets 757,987 750,923 Current Liabilities 82,778 68,602 Non-Current Liabilities 12,160 9,686 Total Liabilities 94,937 78,288 Contributed Equity 17,655 1
Slide 10: Summary of F/S (Consolidated)
Summary of F/S(Consolidated) (Unit : KRW million) IS 1Q25 4Q24 1Q24 Revenue 41,554 56,071 61,470 Game Sales 41,467 55,984 61,357 Others 87 87 113 Operating Expenses 32,651 40,935 43,481 Operating Profit 8,903 15,135 17,989 Profit (loss) before tax 1,892 15,111 23,710 Corporate Tax 623 2,993 3,062 Ne
Slide 11: Thank you
| Thank you