NCSoft posts Q2 loss in competitive MMO market
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NCSoft, publisher of Guild Wars 2 and Lineage 2 has posted a loss in revenue as a result of the increasingly competitive F2P and MMO markets.
GI.Biz reports that for the financial quarter ending June 30 2012, NCSoft revealed a revenue of ₩146.8 billion, which is around $130m, indicating a 12% loss from last year.
The lion's share of that figure comes from NCSoft's online gaming business, sitting at ₩123.3 billion.
Comparatively NCSoft made a profit of ₩41.3 billion / $36m in Q2 2011, but has now posted a loss of ₩7.3 billion / $6m for Q2 2012.
Can the release of Guild Wars 2 turn this trend around? We'll know when it releases August 28.