Pearl Abyss Q1 2020 financials: Black Desert, EVE Online revenues hold steady

    
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Pearl Abyss Q1 2020 financials: Black Desert, EVE Online revenues hold steady

We’ve got Pearl Abyss’ financial report for the first quarter of 2020, and in common with so many gaming companies right now it was a solid quarter indeed. The South Korean MMO giant saw revenue stay perfectly flat year-over-year and a small jump since Q4 of 2019. Revenue is down from its peak in mid-2019, of course, but hey, you only get to launch Black Desert on console and mobile once.

To that end, Black Desert’s revenue has held pretty even over the last year, apart from that peak in Q2 2019. Interestingly, North America and the EU, along with PC, continue to make up larger and larger portions of the revenue pie.

EVE Online, meanwhile, is also holding revenue-steady, apart from its drop last fall. MMO players will recall that last week CCP Games CEO Hilmar Petursson suggested the sci-fi game, under the Pearl Abyss umbrella since the buyout in 2018, is “going through a steep upward trend right now.” At the time, we noted that didn’t seem to be true in terms of player logins, and now we can see it also doesn’t seem to be true in terms of revenue either, as the game still doesn’t appear to have fully recovered from the dropoff caused by the comms blackout stunt last summer. Perhaps Q2’s report will bring more clarity (for example, if Petursson was talking about April rather than January through March).

Looking ahead to Q2, PA is counting on the May early access of Shadow Arena and the launches of Black Desert in Japan and EVE Online in China back in April. It also reiterates that pipeline work continues on Crimson Desert, DokeV, Plan8, and EVE Echoes, the launch date for which is expected this weekend.

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LifeLine91
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LifeLine91

Eve has been steadily increasing its player base since the dip in fall, with steeper increase in recent months, and is now at a 3 year high for server activity, so I actually think he was being genuine there (source: https://eve-offline.net/?server=tranquility).

CCP has also really turned things around in terms of development, they actually have had steady updates coming as promised; including the permanent introduction of filaments and numerous changes to the ship fitting meta/balance changes, which have stirred things up and broken the mold a bit. I even notice some of the more bitter players starting to be optimistic (still tons of bitter reddit warriors though that aren’t subbed).

Although the recent steps taken to address inflation in the game are rubbing some of the miners the wrong way, CCP has noted its a multiphase plan, and assuming they have a plan (and CSM members seem to be on their side that they do) I rather they make the adjustments now rather than later.

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Rob Hagaman

You can’t discount the Serenity server opening either. 20,000 consistent daily logins in two weeks and rising. Those are a lot of new players, as most of the Chinese who came to Tranquility want to stay here.

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Nosy Gamer

Just wondering. Had Pearl Abyss already announced a Q4 2021 launch for Crimson Desert and that they were working to release Crimson Desert and DokeV on both PC and consoles at launch? That, and the fact that the revenue for the EVE IP in Q4 2019 was revised down 20% (from ₩15.6 billion to ₩12.4 billion) were the big takeaways from the call for me.