Financial Performance

KRAFTON, Inc. announced that third‑quarter 2026 revenue reached KRW 971.4 billion, representing an 11.6% increase over the same quarter in 2025. Operating profit for the quarter declined to KRW 225 billion, a 35.5% drop year‑over‑year. Over the first nine months of 2026, cumulative revenue rose 51% to KRW 3.633 trillion and cumulative operating profit grew 14% to KRW 1.1975 trillion, the latter amount equating to 114% of the full‑year operating profit recorded in 2025.

Revenue Breakdown

The quarter’s revenue composition was KRW 238.9 billion from PC (down 32.5% YoY), KRW 504.3 billion from mobile (up 3.2% YoY), KRW 8.6 billion from console (down 15.9% YoY) and KRW 219.6 billion from other sources, the latter surging 1,117.8% YoY. Advertising and content revenue contributed KRW 198.4 billion, generated through a partnership with ADK Group.

PUBG Franchise Updates

The PUBG IP franchise continued to expand, with cumulative franchise revenue increasing 11% YoY. PUBG: BATTLEGROUNDS maintained double‑digit growth in monthly active users on PC and console. In September, the franchise added an anime collaboration with JUJUTSU KAISEN, while mobile revenue grew 3% YoY and 12% quarter‑over‑quarter, driven by global IP collaborations with Naruto and Ferrari during the summer holiday period. New user‑generated content (UGC) initiatives were launched, including PUBG: Playgrounds on PC in August and UGC monetisation on mobile. A partnership with K‑pop group IVE began in November, and the lightweight BGMI Air version recorded over 14 million pre‑registrations ahead of its 10 December launch. KRAFTON also announced plans for its largest content update to celebrate PUBG’s 10th anniversary in 2027.

New Franchise IPs and AI Developments

Subnautica 2 achieved more than 5 million cumulative units sold worldwide and holds a 91% positive review rating on Steam, with 4.45 million wishlists indicating continued interest. KRAFTON will release a major Early Access 2.0 update at year‑end and explore broader expansion opportunities. A new title, PUBG: DED.NET, targeting console shooter audiences in Western markets, completed a closed beta test in October and is slated for a 2027 release. On the AI front, KRAFTON unveiled its in‑house large language model, Raon‑1 mini Preview, on 21 October, noting top‑tier performance among Korean‑language models in speed and inference efficiency. The company plans to extend the lineup with a larger‑scale Raon‑1 model and a full‑duplex speech model for future business areas.

Shareholder Returns

In line with its February‑announced shareholder return policy, KRAFTON repurchased approximately KRW 400 billion of treasury shares and paid a KRW 99.6 billion capital‑reduction dividend through Q3. Combined with KRW 117.7 billion of previously held treasury shares, the company cancelled a total of KRW 517.6 billion, representing 4.4% of total issued shares. On 3 November, the Board approved an additional KRW 300 billion treasury‑share buyback, to be cancelled in full. Including this program, total shareholder returns for 2026 are projected to reach KRW 917.2 billion, the highest annual amount since the program’s inception in 2023.

Preliminary Earnings Tables

The consolidated preliminary figures for Q1‑Q3 2026 show cumulative revenue of KRW 36,330 (100 million‑unit) or KRW 3.633 trillion, up 50.9% YoY, and cumulative operating profit of KRW 11,975 (100 million‑unit) or KRW 1.1975 trillion, up 13.8% YoY. For Q3 2026 alone, revenue was KRW 9,714 (100 million‑unit) or KRW 971.4 billion, up 11.6% YoY, while operating profit was KRW 2,250 (100 million‑unit) or KRW 225 billion, down 35.5% YoY.

Company Overview and India Presence

Headquartered in Korea, KRAFTON operates a global network of 19 creative studios, including PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, Neon Giant, and others, developing IPs such as PUBG: BATTLEGROUNDS, PUBG MOBILE, Subnautica, and more. In India, KRAFTON manages premier mobile titles like BATTLEGROUNDS MOBILE INDIA (over 200 million downloads), Bullet Echo India, and Road To Valor: Empires. Since 2021, KRAFTON has invested over $200 million in Indian startups across interactive entertainment, gaming, esports, and technology, and supports the ecosystem through the KRAFTON India Gaming Incubator (KIGI) and flagship esports events such as the BATTLEGROUNDS MOBILE INDIA SERIES and PRO SERIES.