Also, the prospect that Pearl Abyss skimps on the QA work is probably higher than normal. I took that to mean a 2024 release date sometime in the first half of the year is possible. The company would not commit to a release date, but plans to launch the game as soon after development is complete as possible. Crimson Desert still is on pace to finish development in the second half of 2023. Of course, upcoming games were a topic on the call. ![]() Now, even factional warfare is getting mentioned. While sounding a bit stilted (probably due to the translation), the fact that EVE and CCP is discussed as much as they were on this call is a long, long way from the days when the only mention of EVE was on the Power Point slides. In addition to discussing organized player meet-ups, the following was used to describe EVE's next expansion, Viridian:īy providing enhanced content of a social side, with more personalized options, we plan to further strengthen the relationship between users and implement an environment where they can cooperate with each other. Connected players are usually loyal customers who will continue to spend money on the company's games, especially MMORPGs like Black Desert and EVE. One standard subject Pearl Abyss usually addresses on these calls are their efforts to connect with players. The presentation pointed out the introduction of a Simplified Chinese language client and the Uprising expansion featuring factional warfare as positive factors that led to relatively stable financial results. The adjustment made the first quarter's revenue decline 2.3% down to ₩16.9 billion ($13 million). The fourth quarter revenue numbers for EVE Online were adjusted downward from ₩17.6 billion down to ₩17.3 billion for reasons not disclosed or asked about by analysts. Pearl Abyss indicated they expect the impact of changes to Black Desert Online on both platforms to become apparent during the second quarter. The struggling mobile game benefitted from the introduction of new classes ahead of their introduction on PC and console. A good sign was a 21% QoQ revenue gain for Black Desert Mobile. ![]() The Black Desert Franchise recorded a drop of 5.2% quarter-over-quarter down to ₩67.5 billion ($44.3 million) and a 4.8% decline compared to the first quarter of 2022. Pearl Abyss could not include its investment company as no separate evaluation was conducted in the first quarter.Īll of the losses are not the fault of Pearl Abyss Capital, as both of PA's major gaming IPs experienced revenue declines in the first quarter. Pearl Abyss recorded an operating profit of ₩1.1 billion ($850,000) and a net profit of ₩9.4 billion ($7.2 million).įrom the Q1 2023 Pearl Abyss Earnings Callĭuring the presentation, Pearl Abyss explained that a big part of the reason for the revenue decline was the lack of reporting from Pearl Abyss Capital. The South Korean corporation reported earnings of ₩85.5 billion ($65.9 million), a 16.9% decline compared to the final quarter of 2022 and 6.1% less than Q1 2022. On Thursday morning in Anyang, South Korea, Pearl Abyss conducted its earnings call for the 1st quarter of 2023.
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