Webzen Inc. (KOSDAQ: 069080)

Webzen Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	229,328	196,290	242,140	284,783	294,092	176,052
Revenue Growth (YoY)	35.87%	-18.94%	-14.97%	-3.17%	67.05%	-19.57%
Cost of Revenue	153,440	29.73	64.98	20.98	29.19	31.24
Gross Profit	75,888	196,261	242,075	284,762	294,063	176,021
Selling, General & Admin	67,560	117,709	133,415	160,754	167,930	103,046
Research & Development	-	18,151	16,617	10,825	8,847	8,916
Other Operating Expenses	-54,518	4,320	4,295	4,541	4,544	4,335
Operating Expenses	18,203	146,358	159,070	181,430	186,169	124,234
Operating Income	57,685	49,903	83,005	103,331	107,894	51,786
Interest Expense	-	-102.69	-122.95	-87.49	-128.78	-159.52
Interest & Investment Income	-	18,346	11,996	8,040	5,847	8,197
Earnings From Equity Investments	-	-	-	-	-	-1,768
Currency Exchange Gain (Loss)	-	281.91	-1,317	1,665	-3,037	-51.28
Other Non Operating Income (Expenses)	21,984	459.38	1,461	1,112	546.03	155.61
EBT Excluding Unusual Items	79,669	68,888	95,022	114,060	111,122	58,160
Impairment of Goodwill	-	-	-	-	-124.88	-
Gain (Loss) on Sale of Investments	-	2,993	10,269	6,721	5,768	2,289
Gain (Loss) on Sale of Assets	-	3.52	22.46	251.21	125.87	-3.84
Asset Writedown	-	40.23	-	-	-819.44	-3,597
Other Unusual Items	-	-	-	-	-	200
Pretax Income	79,669	71,924	105,314	121,032	116,071	57,048
Income Tax Expense	14,519	14,356	32,920	34,182	29,815	14,876
Earnings From Continuing Operations	65,150	57,569	72,394	86,851	86,257	42,171
Minority Interest in Earnings	-16	38.94	-1.1	7.1	-57.04	433
Net Income	65,134	57,608	72,393	86,858	86,200	42,604
Net Income to Common	65,134	57,608	72,393	86,858	86,200	42,604
Net Income Growth	26.84%	-20.42%	-16.65%	0.76%	102.33%	-15.37%
Shares Outstanding (Basic)	29	29	30	30	31	31
Shares Outstanding (Diluted)	29	29	30	30	31	31
Shares Change (YoY)	0.00%	-0.66%	-2.28%	-1.34%	-1.13%	-0.57%
EPS (Basic)	2213.09	1955.00	2440.64	2861.69	2801.87	1369.13
EPS (Diluted)	2212.64	1955.00	2440.64	2861.69	2801.87	1369.00
EPS Growth	26.97%	-19.90%	-14.71%	2.14%	104.67%	-14.90%
Free Cash Flow	-	38,889	37,764	85,303	134,285	16,952
Free Cash Flow Per Share	-	1319.76	1273.16	2810.45	4364.88	544.77
Dividend Per Share	300.000	300.000	370.000	-	-	-
Dividend Growth	-18.92%	-18.92%	-	-	-	-
Gross Margin	33.09%	99.98%	99.97%	99.99%	99.99%	99.98%
Operating Margin	25.15%	25.42%	34.28%	36.28%	36.69%	29.42%
Profit Margin	28.40%	29.35%	29.90%	30.50%	29.31%	24.20%
Free Cash Flow Margin	-	19.81%	15.60%	29.95%	45.66%	9.63%
EBITDA	67,832	56,532	87,938	107,983	113,356	59,425
EBITDA Margin	29.58%	28.80%	36.32%	37.92%	38.54%	33.75%
D&A For EBITDA	10,147	6,629	4,933	4,652	5,462	7,638
EBIT	57,685	49,903	83,005	103,331	107,894	51,786
EBIT Margin	25.15%	25.42%	34.28%	36.28%	36.69%	29.42%
Effective Tax Rate	18.22%	19.96%	31.26%	28.24%	25.69%	26.08%
Advertising Expenses	-	8,140	13,027	13,142	16,167	10,526

Source: S&P Capital IQ. Standard template. Financial Sources.