2024.08.20

Smilegate Holdings, the holding company of Smilegate, announced on the 14th that it posted 1.5222 trillion won in sales and 514.6 billion won in operating profit in 2024. Revenue was up 10.2% and operating profit was up 4.9% compared to 2023.

  • Sales increase by 10.2% to KRW 1.5222 trillion and liquidation of German and Spanish subsidiaries...Edutech Investment Is Also Disposed.
[Picture = Smilegate]
[Picture = Smilegate]

Smilegate Holdings, the holding company of Smilegate, announced on the 14th that it posted 1.5222 trillion won in sales and 514.6 billion won in operating profit in 2024. Revenue was up 10.2% and operating profit was up 4.9% compared to 2023.

Smilegate Group, which serves games such as "Crossfire" and "Lost Arc," consists of Smilegate Entertainment, Smilegate RPG, and Smilegate Investment, a startup investment organization.

Smilegate Entertainment, which developed "Crossfire," a popular game in China, grew 7.6% to 718.2 billion won in sales last year.

Smilegate RPG, which develops and serves "Lost Arc," has sales of 475.8 billion won in 2024, down 9.1% from 2023. Smilegate Investment had sales of 19.4 billion won last year, down about 41.3% from 33 billion won in 2023.

In addition, Smilegate Holdings' audit report said it sold all of its stake in Akipin, an edutech company that invested in 2019 and held a 34.8% stake.

Smilegate's German subsidiary (Smilegate Games GmbH) and Spain's Barcelona-based subsidiary (Smilegate Barcelona S, L.) also liquidated last year.

Source: prnewswire.com