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Netmarble doubles full-year profits for 2020

Netmarble has reported its financial results for 2020, showing solid growth in sales but a considerably larger boost to the bottom line. For the full year, Netmarble reported revenues up 14% year-over-year to KRW 2.49 trillion ($2.25 billion), with net income nearly doubling to KRW 339 billion ($306 million). For the fourth quarter alone, Netmarble revenues were up 12% year-over-year to KRW 642 billion ($580 million) with net income going from just over break-even to KRW 103 billion ($93.1 million). Marvel: Contest of Champions was its biggest single game for the quarter, bringing in 15% of revenues. That was followed closely by The Seven Deadly Sins: Grand Cross (12%), Seven Knights 2 (12%), and Lineage Revolution (8%).

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