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Com2uS posts a record quarter with FY13 Q1 sales up 121% to $22.4 million

KakaoTalk success lifts income 120% to $7.7m

Com2uS posts a record quarter with FY13 Q1 sales up 121% to $22.4 million
By Jon Jordan
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Korean mobile game publisher Com2uS (KOSDAQ: 078340) has announced its financial results for the 3 months ending 31 March 2013.

Q1 revenue was 24.9 billion KRW (approximately $22.4 million), up 121 percent year-on-year.

This is a record quarter for Com2uS, and an increase of 17 percent compared to Q4, FY12, the previous quarter.

Net income was 8.6 billion KRW ($7.7 million), up 120 percent year-on-year.

Love to talk

Thanks to Korean mobile messaging platform KakaoTalk, Com2uS has been performing very strongly domestically.

This continued in Q1 with games such as strategy RPG Heroes War and the company's baseball and social gaming titles doing well.

Korean sales were up 274 percent year-on-year to 18.3 billion KRW ($16.5 million).

International sales actually dropped 18 percent quarter-on-quarter, however, as Com2uS focused on releasing games for KakaoTalk.

It plans to release 16 games during Q2.

Jon Jordan
Jon Jordan
A Pocket Gamer co-founder, Jon can turn his hand to anything except hand turning. He is editor-at-large at PG.biz which means he can arrive anywhere in the world, acting like a slightly confused uncle looking for the way out. He likes letters, cameras, imaginary numbers and legumes.