Daewon Media announced in a regulatory filing on the 14th that it recorded consolidated revenue of 87.33 billion KRW for the second quarter of 2025.

According to Daewon Media, this second-quarter revenue represents a 33.3% increase compared to the same period last year. However, operating profit took a hit, falling 78.8% to 180 million KRW, while net profit settled at 420 million KRW. The launch of Nintendo's new hardware, the 'Nintendo Switch 2', served as the primary engine driving revenue growth for the firm's Nintendo distribution business. For the first half of 2025, consolidated revenue saw a 9.5% year-on-year increase.

The card business thrived thanks to the popularity of domestic professional baseball, which bolstered sales of 'Sports Collection Cards (SCC)'. Furthermore, 'Nivel Arena', a Trading Card Game (TCG) based on the IP of the game 'Goddess of Victory: NIKKE', has successfully begun its journey into overseas markets.

Meanwhile, in early August, Daewon Media secured a distribution deal with the renowned international firm 'Topps' to handle Sports Collection Cards for leagues including the EPL, MLB, and NBA. The company plans to ramp up these operations starting in the second half of the year, which is expected to broaden the sales channels for products that were previously limited to a niche customer base.

Despite the revenue boost provided by the official arrival of the Nintendo Switch 2, operating profit dipped compared to last year, largely due to inventory asset provisions related to long-term stock of cards and character merchandise. On a brighter note, the depreciation of production costs for the proprietary IP 'Armored Saurus' concluded at the end of the second quarter, which should lead to improved cost efficiency throughout the second half of the year.