![]() The global success of an open-world game hinges on its own original world view, immersive narrative, and graphics optimization. The stunning reveal trailer released at The Game Awards (TGA) has already captured the attention of global users. Crimson Desert, if launched as scheduled, should enjoy the limelight in the absence of rival games.Ĭrimson Desert is built on Pearl Abyss’s proprietary game engine to deliver high fidelity graphics and game features. It is evident that there is still robust demand for this genre. Other open-world titles rolled out early this year, such as Dying Light 2 and Elden Ring, are recording strong sales volume. Hopes for strong growth driven by Crimson Desert and Black Desert Mobile ChinaĬrimson Desert, an open-world action adventure game, is set to be released in both PC and console versions at end-2022. Sales likely fell QoQ due to high base effect created by Pearl Abyss Capital’s one-off investment gains booked in 4Q21. The company should have swung to a loss owing to sales drop and labor cost hikes from new hires, despite declines in marketing spend and other expenses. Source(s): PA Earnings Call Nov9, .Pearl Abyss is expected to have posted sales of KRW88.8bn (-12.0% YoY,-24.7% QoQ) and operating loss of KRW1bn (negative swing YoY and QoQ, operating margin of -1.1%) for 1Q22. You can find the conference call and PDF for the earnings report down below in the sources. Pearl Abyss shares fell 6.07 percent to 43,300 won, as of 2:30 p.m. ![]() The company generated 82 percent of its third-quarter revenue from overseas.Ĭommission cost also rose slower compared to sales growth, as it sold more PC games that are charged fewer commission fees compared to mobile games by marketplace operators. It also benefited from favorable foreign exchange conditions for game sales abroad. ◾ DokeV core developers rumored to have left the company /xxOhPsmvX0- Anders November 9, 2022 ◾ Crimson Desert release date now likely Late 2023 at the earliest due to console optimization ◾ #CrimsonDesert gameplay trailer delayed ⚠️From #PearlAbyss Q3 2022 Earnings Report: However since this year our core development team is immersing itself on developing Crimson Desert we will do our best so that for DokeV we will be able to disclose information as they are done. Second, I would like to give you an update on the progress of DokeVĭokeV along with Crimson Desert is being developed meeting our internal development roadmap The cause for this might be lots of intern developers leaving the company during Q3 2022, you can listen to the conference call related to this at the 20 minute 40 second timestamp on the recording. The sharp improvement in operating income owes to the absence of a one-off bonus payment given to employees in the previous quarter.Įarnings news report from a Twitter user saying it is rumored that DokeV’s core developers were leaving the company / laid down. Revenue rose 3.4 percent on quarter and 0.9 percent on year to 97.3 billion won. ![]() The result is up 17.0 percent in the year. Pearl Abyss registered 12 billion won ($8.8 million) in operating income for the third quarter that ended September, turning around from 4.2 billion won loss posted in the second quarter. Robust earnings also bought more time for the company. Pearl Abyss, however, remains confident in presenting high-quality games as it has received good feedback from its partner developers on Crimson Desert as well as on Black Space Engine, its own game development platform built in-house. Gamers have long been waiting for arrival of Crimson Desert and DokeV, new online games of Pearl Abyss, a Korean game company behind the world-popular online game “Black Desert.” Their release schedules have been pushed back, stirring up concerns in the market. The chief executive also added DokeV, another most-anticipated game, is under development and coming sometime beyond 2023, no release date announced yet, Pearl Abyss will, of course, communicate launch details when they become available. “The company expects to complete developing Crimson Desert sometime during the second half of 2023 and will decide on a release date based on market conditions and discussion with partner developers,” said Pearl Abyss CEO Heo Jin-young, at the third-quarter earnings conference call on Wednesday. Pearl Abyss’ revenue breakdown of Q3 2022 Shares of Korean game publisher Pearl Abyss tumbled Wednesday after it put off the release of the much-awaited Crimson Desert and other new games, citing more time needed for their perfection. Pearl Abyss’ performance review of Q3 2022
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