Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

KRAFTON posts $1.4B sales in 2023; BGMI, PUBG: BATTLEGROUNDS key drivers of growth

KRAFTON expressed robust growth prospects for its business and game portfolio in the Indian market.

KRAFTON posts $1.4B sales in 2023; BGMI, PUBG: BATTLEGROUNDS key drivers of growth

Thursday February 08, 2024 , 2 min Read

South Korean game maker Krafton has posted $1.4 billion (1,910.6 billion South Korean won) in sales in 2023, clocking a 3.1% year-on-year growth. The company made a net profit of $446 million (594.1 billion won), at an 18.8% year-on-year growth.

According to the company, after resuming services last year, its mobile game Battlegrounds Mobile India (BGMI) has quickly recovered both traffic and revenue, recording the largest monthly sales in December. BGMI now occupies a dominant position in the Indian esports market, KRAFTON told investors in a presentation.

BGMI and PUBG: BATTLEGROUNDS were major drivers for sales in 2023, the company said in a statement. KRAFTON also expressed robust growth prospects for PUBG: BATTLEGROUNDS, and its business and game portfolio in the Indian market.

BGMI returned to India in May last year after it was banned in 2022 by the government for security reasons. PUBG Mobile was banned in 2020 amid a wider crackdown on more than 100 mobile apps that had connections with China.

Also Read
BGMI unbanned: Players cautiously optimistic as KRAFTON headliner returns to India

In an interview with YourStory, Anuj Sahani, the head of KRAFTON's incubator programme and the lead for the company's latest game, Garuda Saga, said the company has an India-first approach and plans to launch more game titles specifically for India.

KRAFTON will be franchising PUBG: BATTLEGROUNDS IP, expanding independent publishing in the Indian market, and increasing R&D investments in artificial intelligence and deep learning. The game maker's first title for India—Garuda Saga—is currently available for pre-registration.

In the pipeline for 2024 are Dark and Darker MobileinZOI, Dinkum Mobile, Project Black Budget, and Subnautica 2.


Edited by Swetha Kannan