Krafton, which has produced different productions, especially PUBG: Battlegrounds and PUBG Mobile, announced its 2021 financial reports.
Krafton company, which has signed games such as PUBG: Battlegrounds and PUBG Mobile, which are also very popular in our country, announced its financial reports for 2021. He stated that the company experienced the most profitable period in the company’s history last year. When we look at the reports, we see that Krafton grossed $1.21 billion in 2021. Detailed report and company description in that;
Krafton announces highest-grossing in 2021
Krafton, Inc. shared its preliminary earnings announcement for 2021 today. KRAFTON reported annual revenue of $1.57 billion on the consolidated balance sheet in accordance with the Korea International Financial Reporting Standard (K-IFRS). Annual revenue increased 13% year-over-year, marking a new high for the company. See the 2021 earnings details below:
DETAILED SUMMARY OF 2021 EARNINGS
2021 Overall Earnings Summary
- Annual Revenue: $1.57 billion (+13% vs. 2020)
- Operating Profit: USD 534.9 million
- Net Profit: USD 434.8 million
- Operating Cost: $1.04 billion (+$292.8 million Year-to-Year)
- Operating Profit Margin: 34%
- Annual Overseas Sales Rate: 94%
Q4 2021 Earnings Summary
- Revenue: $371.3 million (+25.9% vs. Q4 2020)
- Operating Profit: $35.9 million
- Net Profit: USD 5.1 million
- Operating Cost: $335.4 million (+$62.2 million QoQ)
- Operating Profit Margin: 9.7%
Rising marketing costs and one-off costs from stock compensation resulted in a slight increase in operating costs. In calculating operating profit for 2021, more than US$ 50.9 million was accounted for in gifting shares to shareholders. With that in mind, KRAFTON generated more than US$585.3 million in operating profit for the second year running this result.