Mgame announced on the 14th that for the third quarter of 2025, it recorded consolidated revenue of 21.5 billion KRW, an operating profit of 4.1 billion KRW, and a net profit of 4.9 billion KRW.

Revenue increased by 9.3% compared to the same period last year—which was their previous high for a third quarter—and rose 7.6% quarter-on-quarter. While operating profit dipped 3.1% year-on-year, it rose by 53.4% compared to the previous quarter due to the impact of exchange rate fluctuations. Net profit climbed 8.0% year-on-year and 194.7% quarter-on-quarter.

This quarter's performance was bolstered by the results of MMORPGs 'Yulgang Online' and 'Knight Online' in China, North America, and Europe. The mobile MMORPG 'Ghost Soul M', released last November, also contributed to revenue.

For the fourth quarter, the company expects seasonal effects from its flagship online titles, including the Singles' Day event for 'Yulgang Online' in China and year-end events for 'Knight Online' in North America and Europe.

An idle mobile game based on the 'Ghost Soul' IP is also scheduled for release. Furthermore, royalty revenue from 'Yulgang: Return', the mobile MMORPG co-published by Mgame and Paifun Games, will be recognized starting in Q4.