Pearl Abyss makes its English financials website a bit of a navigation nightmare, but the company’s Q1 2024 earnings presentation is indeed up – which is more than we can say for its financials, which are basically flat.
The Black Desert and EVE Online company ended Q1 with 85.4B KRW – around 62M USD. That’s down a half a percent since Q1 2023 and up 1.2% since last quarter. Actually, the whole last year has been remarkably consistent, which… I’m not sure what to complain about here.
As for EVE and BDO themselves, PA helpfully breaks down their revenues as well; EVE Online saw revenues of 13.1M USD in Q1, which is down slightly since Q4 but still up compared to Q1. BDO saw a strong recovery after Q4, counting 48.9M USD in revenues, but that’s still down a tick next to Q1 2023. Swings and roundabouts, with the peaks very obviously coming in quarters with expansions – and from mobile, as the BDO Mobile version apparently had a strong top of the year at the expense of PA’s PC revenues.
During the conference call itself, Pearl Abyss talked up ongoing plans to launch Black Desert to Chinese audiences and finally bring the long, long-delayed Crimson Desert to market anywhere, following a marketing campaign kicking off at this summer’s Gamescom event in Germany. That’s no great surprise since last quarter PA suggested marketing would begin in Q3 or Q4 of this year, but clearly plans are firming up now. And DokeV is still on deck after the launch of Crimson Desert, a narrative PA has repeated for the last few years. However, as NosyGamer correctly points out, investors didn’t bring up EVE Vanguard’s testing or the crypto game Project Awakening at all.
• Pearl Abyss Q2 2024: Equinox bolstered EVE Online revenues as Crimson Desert waits in the wings
• Pearl Abyss Q1 2024: Revenues hold steady as Crimson Desert gears up for reveals
• Black Desert celebrates 55M registered players and €2B revenue since 2014
• Pearl Abyss Q4 2023: Well at least EVE Online had a good financial year
• Pearl Abyss Q3 2023: Black Desert’s Land of the Morning Light pulled PA out of its slump
• Pearl Abyss Q2 2023: EVE surges, Black Desert stumbles, Crimson Desert hedges
• Pearl Abyss Q1 2023: Black Desert and EVE Online revenues continue to decline
• CCP Games’ CEO defends Project Awakening’s existence as the studio seeks a blockchain ecosystem dev
• MMO Week in Review: Carn Dûm, Diablo IV, and CCP’s blockchain gamble
• CCP Games laid off more than dozen staffers from its EVE Online and FPS studios
• Pearl Abyss Q4 2022: Revenues decline as Black Desert and EVE hold steady and Crimson Desert malingers
• Pearl Abyss Q3 2022: DokeV and Crimson Desert delays, CCP’s new blockchain game, and EVE Online’s uptick
• CCP Games’ VR multiplayer game aspirations expire as EVE Valkyrie, Sparc, and EVE Gunjack go dark
• Pearl Abyss Q1 2022: Black Desert revenues take a hit, EVE Online hangs in there
• EVE Online boss: NFT stands for ‘Not for Tranquility’
• EVE Online and Black Desert studio Pearl Abyss believes it can ‘create a stable blockchain ecosystem’
• Desert Oasis: Unearthing the origin story of Black Desert studio Pearl Abyss
• Pearl Abyss downgraded DokeV from an MMORPG to ‘open-world action adventure’
• Pearl Abyss has delayed Crimson Desert indefinitely
• Pearl Abyss Q4 2020: An overall drop in profits and revenue but a revenue rise on PC
• Pearl Abyss Q3 2020: EVE Online’s revenues are up 45% YOY, Crimson Desert reveal coming in December
• Pearl Abyss Q2 2020: EVE Online is doing great, NA/EU drives 48% of company revenues
• Pearl Abyss Q1 2020 financials: Black Desert, EVE Online revenues hold steady
• Pearl Abyss had a strong Q4 2019, but CCP’s EVE-spinoff Project Nova is officially canceled
• G-Star 2019: Pearl Abyss fully reveals Crimson Desert, Plan 8, Shadow Arena, and DokeV
• Pearl Abyss announces three new MMOs: Crimson Desert, Plan 8, and DokeV
• Q2 2019 financials: Black Desert’s Pearl Abyss rakes in huge profits, builds six new games
• Black Desert has 18M registered players as Pearl Abyss counts $1B gross sales
• EVE Online developer CCP Games bought by Black Desert Online studio Pearl Abyss
• Q1 2018: Black Desert studio Pearl Abyss had a record first quarter thanks to mobile
Source:
PA financials,
NosyGamer. I’m leaving this note for my future self (and anyone else curious) because I’ll be back here in three months trying to figure it out again: PA puts the call up first, and the pdf presentation is linked in the call page even when it isn’t up yet in the IR list, for some reason.