D&C Media Reports Q3 Operating Profit of 3.6 Billion KRW... "74.2% Increase YoY"

[Asia Economy Reporter Hyunseok Yoo] D&C Media announced on the 13th that it achieved sales of 15.5 billion KRW, operating profit of 3.6 billion KRW, and net profit of 3.0 billion KRW in the third quarter of 2020 based on consolidated financial statements.

Compared to the same period last year, sales increased by 39.3%, operating profit and net profit rose by 74.2% and 84.8%, respectively. This marks the third consecutive quarter of record-breaking performance. The cumulative results for the third quarter showed sales of 42.2 billion KRW, operating profit of 9.5 billion KRW, and net profit of 7.8 billion KRW.

A company representative explained, "The accumulation and overseas redistribution of popular IPs have driven solid growth." The flagship work 'Solo Leveling' resumed serialization of Season 2 in August, and the novel comic 'The Villain's Ending is Death', launched in May, gained popularity, contributing to volume expansion. As of the third quarter cumulative results, overseas sales accounted for 25.7%.

D&C Media plans to foster both web novel and webtoon businesses through continuous production of killer content. They will strengthen planning capabilities in the web novel sector, where story development skills are crucial, and prepare to launch new works early next year through collaboration with the webtoon-specialized studio The Ant.

They are also accelerating diversification of overseas markets and OSMU (One Source Multi Use) strategies. Building on success in the Japanese market, they will expand platforms supplying works in Europe and North America, and extend popular IPs such as 'The Emperor's Only Daughter' and 'Solo Leveling' into various content forms including dramas, movies, and games.

Shin Hyun-ho, CEO of D&C Media, emphasized, "Rather than simply increasing the number of works, we are focusing on producing 'high-quality' works with broad readership and scalability. Now is the right time to seize the blossoming overseas web content market, and we will nurture super IPs that readers worldwide can enjoy to achieve steady growth in the global market."