Wemade announced on November 11 that in its Q3 2026 financial results, it recorded revenue of approximately 146 billion won, an operating profit of approximately 26.4 billion won, and a net income of approximately 5.2 billion won. Operating profit returned to profitability quarter-on-quarter.
On a consolidated financial statement basis under Korean International Financial Reporting Standards (K-IFRS), revenue increased by approximately 35% compared to the second quarter. This reflects the Chinese license revenue from The Legend of Mir 2 and 3 IP. Over the same period, net income increased by approximately 51%.
Compared to the same period last year, revenue and net income decreased by approximately 11% and 91%, respectively. Wemade cited declining revenue from existing operational games as the primary factor for the drop in revenue. Operating profit rose 0.3% year-on-year due to lower overall expenses, including labor and marketing costs.
The company is also developing new titles and preparing for China releases of existing games. Around 20 games are currently in development for domestic and overseas markets, including Night Crows W, MIR5, Project TAL, a new title based on the HUNDRED NOTE IP, Project IL, and Project MO.
Among these, Night Crows W is targeted for release in the second quarter of 2027. Wemade is focusing on securing global market competitiveness and game service quality in collaboration with affiliates, including Madngine.
The games being prepared for launch in the Chinese market are Night Crows and MIR4. Night Crows secured a foreign publishing license in June 2026 and has been preparing for launch ever since.
The financial results announced are preliminary and subject to change depending on the review by external auditors.
