With the highly anticipated launch of Crimson Desert looming, Pearl Abyss has released its 2025 annual performance.

Pearl Abyss released its 2025 full-year and Q4 financial reports on the 12th. The company posted an annual revenue of 365.6 billion KRW, a 6.8% increase year-on-year. However, the company continued to post losses, recording an operating loss of 14.8 billion KRW, largely driven by increased marketing spend for Crimson Desert and an expanding headcount.

The Q4 2025 revenue stood at 95.5 billion KRW, a 0.2% decrease compared to the same period last year. The company reported an operating loss of 8.4 billion KRW and a net loss of 14.4 billion KRW, marking a shift into the red for both metrics compared to the same period last year. While the EVE IP saw a minor uptick in Q4, it was offset by a decline in Black Desert revenue. Regarding platform performance, mobile revenue saw a decline compared to the previous quarter, with the PC sector filling the gap.

Cho Mi-young, CFO of Pearl Abyss, stated, "We will continue to provide steady live services for Black Desert and EVE through Q1 2026, while pouring our full efforts into the successful launch of Crimson Desert."