Wemade unveiled its consolidated financial results for the first quarter of 2026 on the 12th.

Wemade reported 153.3 billion KRW in quarterly revenue, marking an 8% increase year-on-year. With an operating profit of 8.5 billion KRW and a net profit of 19.9 billion KRW, the company has successfully swung back into the black. This financial boost was largely underpinned by licensing revenue stemming from the resolution of the 'Legend of Mir 2' IP dispute with Kingnet in China. Furthermore, the blockchain division saw a staggering 867% jump in revenue compared to the same period last year, driven by the vibrant WEMIX-based economic system within 'Legend of Ymir,' which hit global markets last October.

Looking ahead, Wemade is busy preparing over 20 new titles, spanning MMORPGs, casual games, and subculture titles. The roadmap includes the sequential release of a new 'Night Crows' IP entry and the company’s first AAA global console title, 'Project TAL,' in the latter half of the year. They are also prepping the Chinese launch for 'Mir 4' and 'Night Crows.' As for the blockchain side of things, the focus remains on cementing WEMIX as the base currency for their ecosystem and broadening user access through listings on major global exchanges.

The subsidiary Wemade Max saw its Q1 revenue grow by 7% quarter-on-quarter to 32.7 billion KRW. However, it posted an operating loss of 15.3 billion KRW, a byproduct of ramped-up investments in new game development and talent acquisition. On a brighter note, overseas revenue now accounts for 45% of the total, bolstered by the global performance of Mad Engine's 'Night Crows,' Wemade Connect's 'Lost Sword,' and the legacy IP 'Silkroad.' Meanwhile, 'Midnight Walkers,' currently in Steam Early Access, continues to steadily grow its global player base.

Wemade Max is pivoting into a global portfolio firm, leveraging a studio system anchored by its key subsidiaries. The pipeline is packed: aside from the Chinese launch of 'Night Crows' and its sequel slated for the second half, we can expect 'Project TAL,' Fluffy Duck's 'Make Drama: MAD,' the Kodansha-based 'Hundred Note,' Retrocat's 'Noah,' and LightCON's 'Wind Runner: Idle.' Even Mad Engine’s new sub-culture project unit, 'MO TF,' is picking up the pace on titles aimed squarely at the global market.

Son Myeon-seok, CEO of Wemade Max, noted, "We plan to double down on our global competitiveness by balancing the international expansion of our major titles with the discovery of new IPs, all while tailoring our services to local market nuances. Our goal is to forge a stable growth structure built upon the core development capabilities of each studio."