Pearl Abyss, the company behind the popular MMORPGs Black Desert Online and Eve Online, has released its quarterly earnings report for Q3 2024. The results are mixed, with some positive signs but also some areas of concern.
Overall, Pearl Abyss had a disappointing quarter, with a 2.8% decline in revenue compared to the previous quarter and a 6% decline compared to the same quarter last year. This was mainly due to a decline in revenue from Black Desert Online, which is the company’s main revenue driver.
However, there were some bright spots in the report. Eve Online, Pearl Abyss’s other major game, is performing well, with revenue up 28% year-over-year. This is due to the success of the recent Equinox expansion.
Pearl Abyss is also posting a significant operating loss. This is due to high operating expenses, including advertising costs for Crimson Desert, their upcoming AAA game.
Looking ahead, Pearl Abyss is pinning its hopes on Crimson Desert and other new IPs, such as E Frontier and Eve Galaxy Conquest. However, the success of these games is uncertain.
Overall, the video paints a mixed picture of Pearl Abyss’s financial performance. While Eve Online is doing well, Black Desert Online is struggling, and the company is facing significant challenges in the coming quarters.
Here are some key takeaways from the video:
- Black Desert Online is not performing well, and its revenue is declining.
- Eve Online is doing well, and its revenue is growing.
- Pearl Abyss is posting a significant operating loss.
- Pearl Abyss is pinning its hopes on Crimson Desert and other new IPs.
- The success of these new IPs is uncertain.
Overall, it is clear that Pearl Abyss is facing some challenges, but the company is still in a strong position. It has a successful game in Eve Online, and it has a promising pipeline of new projects. If Pearl Abyss can successfully execute its plans, it could be poised for growth in the years to come.