Krafton’s mobile division earnings decrease by 12% amidst BGMI ban in India
Krafton recently released its FY2022 revenue report, generating around $1.46 billion in sales. Although the company's overall sales dropped slightly from the previous year of 2021, its operating profits saw a 16% rise. The PC and console divisions' sales experienced a spike of 17% and 430% year-on-year, respectively, while the mobile section suffered a 12% drop, potentially due to the BGMI ban.
The South Korean firm gained around $1.46 billion in revenue during the 2022 financial year, of which approximately $368 million and $83 million were generated from the PC and console sections, respectively. Over the last year, PUBG: Battlegrounds, the company's most successful game, has achieved 45 million new users.
The company stated that the mobile section's revenue saw an unexpected decline due to the global reopening and the BGMI ban, despite having successful results in the first half of 2022. Based on the firm's claims, their other battle royale mobile titles such as PUBG Mobile enjoyed a fabulous year as the player base grew due to new mode updates, small map releases, and new collaborations.
The publisher experienced a substantial setback during the second half of 2022 when Battlegrounds Mobile India, widely known as BGMI, was banned in India.
While answering a question during a Q&A session of the 2022 earnings report, the company's CEO, CH Kim, stated that the company is working hard to resume the game's operations within the country:
He further added:
In terms of user numbers, India is the premier market for mobile games and was also the top market for both PUBG Mobile and BGMI before these titles were removed from the mobile stores. Unfortunately, both games were taken down by the Indian government due to concerns about
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