Neowiz has seen a massive surge in both revenue and operating profit, largely thanks to the stellar performance of Lies of P and Brown Dust 2.

Neowiz released its Q3 2025 earnings report on the 12th. Revenue hit 127.4 billion KRW, a 37% increase compared to the same period last year. Operating profit climbed to 26.5 billion KRW, while net profit landed at 25 billion KRW—marking a 310% increase and a successful turnaround to profit.

This result is the fruit of Neowiz’s core IPs performing across both PC/console and mobile fronts. PC/console revenue reached 58.7 billion KRW, up 59% year-on-year. The main drivers were the base game of Lies of P and its DLC, Lies of P: The Story of the Stranger. Additionally, the new title 'Shape of Dreams' contributed to revenue growth, surpassing 600,000 units in global cumulative sales just two months after its release.

Mobile revenue reached 58.5 billion KRW, a 28% year-on-year growth. This record-breaking performance was driven by the 2nd-anniversary update for Brown Dust 2, which has now seen seven consecutive quarters of revenue growth. Other revenue streams totaled 10.2 billion KRW, a 3% decrease year-on-year.

Operating expenses rose by 16.5% to 100.9 billion KRW. The largest portion was variable costs, which increased by 76.1% to 45.3 billion KRW due to higher commissions from mobile revenue growth and platform fees following the launch of Shape of Dreams. Meanwhile, labor costs decreased by 4.1% due to base effects from previous incentive provisions, and marketing and depreciation costs also saw a decline.

Neowiz plans to maintain this momentum through year-end platform-specific promotions to reaffirm sales for Lies of P and its DLC. Furthermore, ahead of its 2.5th anniversary in December, Brown Dust 2 will expand its global fandom through a Q4 story pack update, a live event in Taiwan, and participation in the major domestic subculture event, 'AGF 2025'. SANABI will be showcased at G-STAR 2025, starting on the 13th, featuring 'SANABI Side Story: The Day Possessed by Ghosts'.