XPLA

<p>Com2uS Holdings, the South Korean game publishing company behind Layer 1 blockchain XPLA, disclosed today that its revenue last year saw a 22.5% increase from 2022, reaching KRW 142.3 billion ($106.7 million).</p><p>On the back of the revenue growth, the company’s consolidated operating loss narrowed to KRW 14 billion, improving from 2022’s KRW 26.4 billion. Additionally, the net loss decreased to KRW 16.5 billion, down from the previous year’s KRW 70.6 billion.</p><p>The operating loss for the fourth quarter stood at KRW 16.5 billion, showing an improvement from 2022 Q4’s KRW 20.9 billion. During the same period, revenue reached KRW 21.4 billion, and the net loss was recorded at KRW 8 billion.</p><h2 id="header-0">Game sales and marketing expenses</h2><p>Com2uS Holdings attributed the increase in profits to game sales growth, which was encouraged by the release of more games. However, the company also noted a decrease in income from investments in associates and an increase in marketing expenses, which were driven by the launch of new games.</p><p>Last year’s operating expenses totaled KRW 156.4 billion. Labor costs, which constitute the largest portion of operating expenses, experienced a year-on-year decrease of 6.2%, amounting to KRW 46.7 billion. In contrast, there was an increase in spending across three areas: commissions rose by 43.8% to KRW 30.7 billion, loyalty expenses increased by 26.6% to KRW 25.1 billion and marketing saw a jump of 134.9% to KRW 21.1 billion.</p><p>According to a <a href="https://www.yna.co.kr/view/AKR20240215036851017?input&#61;1195m" rel="noopener noreferrer nofollow">report</a> from local news agency Yonhap, Jung Chul-ho, CEO of Com2uS Holdings, emphasized at the earnings presentation today that the company is committed to growth in game publishing, blockchain projects and platform initiatives, all directed towards enhancing the company’s value.</p><h2 id="header-1">Triple-A games on XPLA blockchain</h2><p>As part of the company’s blockchain endeavors, the XPLA platform is set to focus on improving user convenience and incorporating major content, including a variety of triple-A games.</p><p>Looking ahead, Com2uS Holdings anticipates that its idle role-playing game, Soul Strike, will contribute to the company’s revenue for the first quarter. Since its debut last month, Soul Strike has been attracting attention not only in Korea but across Asia.</p><p>The game publisher also outlined its global release plans for the MMORPG, Zenonia Chronobreak. Gamers in Taiwan can expect access to the game in the second quarter, while those in Japan and others will be able to play in the fourth quarter.</p>

Game company behind XPLA blockchain witnesses growth in revenue last year

Table of Contents

CoinNess Global

Other articles published on Feb 15, 2024

Bitcoin crosses $51K, S&P 500 sees record close; this EOS and Shiba Inu rival witness investor in...

Ethereum (ETH) Jumps to Highest Level Since March 2022

Microsoft Faces Challenges in Transitioning Users from Windows 10 to Windows 11

Coinbase Shares Up 9% at Market Open as Crypto Exchange Set to Report Earnings

Bitcoin (BTC) Hits New All-Time High in Japan

Web 3.0 technologies dominate business applications in 2024: AI, social, healthcare and more

Join our free newsletter for daily crypto updates!