Hangame announced the financial report for 1st quarter of 2013. The revenue is $142 million, which is up 5% compared to the previous quarter. But it is 4.7% low compared to the same period of last year.
Web board game has gone down a bit, but Mobile and PC game has grown quick. Especially, mobile game revenue grew up 738% compared to the same period of the last year. Mobile game revenue is $12.4 million. The revenue of LINE, a mobile messenger, is $62.1 million that is more than a half of the total game revenue. 80% of the revenue is from Japan. NHN is publishing 24 mobile games through LINE in Japan. Total number of registered LINE users has been reached 150 million.
PC division has grown 32% compared to the same period of the last year because TERA and KRITIKA have been performed well.
Hangame will be separated from NHN from August.
Hangame, separated and independent from NHN, starts reconstructing the organization as a developing focused company. The company starts the open competitive employment and will hire about 100 experienced developers.
NHN decided to split the company at the director’s meeting on the 6th, FEB. NHN separate its game and mobile divisions to strengthen its competitiveness for each market. NHN Japan also split Hangame as well. NHN will be focusing on Portal business, while Hangame and LINE Plus/Camp Mobile take care of game and mobile business.
There is nothing to be decided for OrangeCrew and Naver Game yet. OrangeCrew is mobile game developing center for NHN and Naver Game is operating game channeling service with 8 million users. It is possible that they both are merged into Hangame, However it is also possible that NHN will keep PC online, Mobile and developing division and business division separately since NHN split its business into wire and wireless.
