According to a report by Korea Times, Krafton has shattered its previous earnings records, thanks in no small part to the soaring success of Battlegrounds Mobile India (BGMI). The Indian gaming community has been at the forefront of this revolution, with BGMI’s record-breaking performance contributing significantly to a 35.7% year-on-year jump in mobile revenue.
Record-Breaking Financials and a Game-Changing Title BGMI
Krafton’s latest financial report reveals staggering figures. The company posted revenue of 2.71 trillion won and an operating profit of 1.18 trillion won in 2024. This shows an impressive year-on-year increase of 41.8% and 54%, respectively. These robust numbers reflect the company’s growth strategy, which has been bolstered by the sustained popularity of its flagship title, PUBG: Battlegrounds. Over the past five years, the franchise has consistently delivered an average annual sales growth of 20%.
Crucially, the mobile sector has been a major growth driver. The mobile version of PUBG, especially the India-centric BGMI, has witnessed record sales that have not only outperformed previous benchmarks but have also reinvigorated Krafton’s mobile revenue stream. The shift to a free-to-play model has proven to be a masterstroke, which made the game accessible for a broad audience.
BGMI Leads Indian Mobile Gaming Industry
For Indian gamers, BGMI is more than just a game. Its record-high sales in 2024 highlight the growing appetite for competitive mobile gaming in India, where esports continues to gain momentum. The game’s free-to-play model, in addition to its alluring gameplay and regular updates, has made it a favorite among millions of players across the country. Notably, this surge in popularity cements India’s position as a critical market in the global esports landscape.
Looking ahead, Krafton is set to push the envelope even further. The company has announced plans to make substantial investments in production and to expand its franchise portfolio, with an ambitious target of reaching 7 trillion won in annual revenue and doubling its corporate value within the next five years. Strategic collaborations with tech giants like Nvidia and OpenAI are already underway, paving the way for innovative features such as co-playable AI characters and next-generation gaming experiences.
Stay ahead in the world of esports with the TalkEsport app! Download now to get instant access to the latest news, live points tables, comprehensive esports calendars, and live streams of your favorite tournaments. Don’t miss out—get the app today.
