Webzen has officially disclosed its annual financial results for 2025.

On the 11th, Webzen released its full-year and Q4 2025 financial statements. The company reported annual revenue of 174.4 billion KRW and an operating profit of 29.7 billion KRW, marking a year-on-year decline of 18.7% and 45.5%, respectively. Net profit also took a hit, dropping 58.5% to 23.5 billion KRW. Looking at the fourth quarter specifically, revenue stood at 49.9 billion KRW with an operating profit of 7 billion KRW—a dip of 10.9% and 53.6% compared to the same period last year—while net profit fell by 44.1% to 6.7 billion KRW.

The MU IP remains Webzen's primary breadwinner, pulling in 109.8 billion KRW for the year. It was followed by Metin2 with 30 billion KRW, R2 with 19 billion KRW, and Shot Online contributing 4.2 billion KRW. Thanks to a strong performance by Metin2 abroad, the overseas revenue share climbed by 14 percentage points, achieving a near-parity between domestic and international earnings. On the spending front, operating costs saw a slight dip to 144.7 billion KRW, largely because commission fees were slashed by approximately 36% in line with the lower revenue.

During Q4 2025, the MU IP still accounted for the largest slice of the pie with 27.1 billion KRW, though that is a 33% decline compared to the previous year. Conversely, R2, Metin2, and Shot Online showed resilience, with revenues growing by 90%, 34%, and 4% respectively. Regionally, the company recorded 25.7 billion KRW in domestic revenue and 24.2 billion KRW from abroad. While the domestic share of revenue dropped by 14.5 percentage points, a 27% surge in overseas sales helped keep the scales balanced.

Operating expenses for the fourth quarter hit 42.9 billion KRW, a 5% increase year-on-year. While falling revenues naturally reduced commission fees by 24%, the company ramped up marketing spend by 77% to promote new titles like Dragon Sword, which launched in January.

Webzen CEO Kim Tae-young remarked, "In this rapidly shifting market, we must continue to deliver new titles with higher polish and distinct gameplay to sustain long-term growth. We are sparing no effort to expand our development and business capabilities through both internal and external investments." He added, "We have prepared various shareholder return measures this year, including special dividends and share cancellations. We remain committed to enhancing shareholder value while prioritizing financial stability."