NCSoft
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NCSoft - overview
Established
1997
Location
Seoul, -, South Korea
Primary Industry
Internet
About
NCSoft is a South Korean company specializing in the development and distribution of online multiplayer games and mobile applications, enhancing user engagement through immersive gaming experiences. Founded in 1997 in Seoul, South Korea, NCSoft is engaged in creating online gaming solutions. The company raised USD 235 mn in its latest funding round from Public Investment Fund, acquiring a 2. 57% minority stake in March 2022.
NCSoft has completed three deals to date. Global NCSoft specializes in developing and distributing innovative software solutions primarily for the gaming and interactive entertainment sectors. Their flagship offerings include a suite of online multiplayer games and mobile applications designed to enhance user engagement through advanced graphics and real-time interaction capabilities. The company caters to a diverse client base, including gamers and technology partners across North America, Europe, and Asia, addressing challenges like connectivity issues and user retention.
For the most recent year 2024, NCSoft reported revenues amounting to USD 1,157. 83 mn, with an EBITDA of USD -28. 17 mn. The revenue generation model combines subscription services and one-time gaming product purchases, with customers engaging through direct-to-consumer transactions and tiered subscription plans for premium features.
NCSoft plans to launch new products aimed at enhancing user engagement in 2024. They are targeting expansion into additional markets in Asia and North America, with specific focus on enhancing their portfolio with innovative game titles. The recent funding of USD 235 mn will be utilized to support these initiatives, including product development and market entry strategies.
Current Investors
Public Investment Fund
Primary Industry
Internet
Sub Industries
Internet, Gaming
Website
www.nc.com/
Total Amount Raised
Subscriber access only
NCSoft - timeline of key events

NCSoft - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 608,878,406,065 | 753,520,026,241 | 756,655,650,601 | 838,718,199,693 | 838,297,603,134 | 983,556,873,665 | 1,758,721,721,721 | 1,715,115,508,236 | 1,525,867,646,987 | 2,416,184,211,886 | 2,308,817,408,865 | 2,571,792,281,800 | - | - | - |
| % Revenue Growth (YoY) | - | 23.8% | 0.4% | 10.8% | (0.1%) | 17.3% | 78.8% | (2.5%) | (11.0%) | 58.3% | (4.4%) | 11.4% | - | - | - |
| EBITDA (USD) | 160,538,216,390 | 189,600,466,077 | 240,643,049,585 | 314,921,012,818 | 272,441,615,851 | 361,167,730,806 | 615,019,610,371 | 642,839,684,887 | 592,954,380,347 | 890,597,718,408 | 468,927,323,639 | 664,935,539,340 | - | - | - |
| Operating Income (USD) | 135,055,846,212 | 151,252,046,480 | 205,235,211,161 | 278,188,111,023 | 237,466,377,634 | 328,762,462,165 | 585,018,961,722 | 614,929,312,373 | 556,930,267,213 | 824,793,705,694 | 375,213,171,049 | 559,006,120,606 | - | - | - |
| Operating Margin | 22.2% | 20.1% | 27.1% | 33.2% | 28.3% | 33.4% | 33.3% | 35.9% | 36.5% | 34.1% | 16.3% | 21.7% | - | - | - |
| % EBITDA Margin | 26.4% | 25.2% | 31.8% | 37.5% | 32.5% | 36.7% | 35.0% | 37.5% | 38.9% | 36.9% | 20.3% | 25.9% | - | - | - |
| NET Income (USD) | 117,676,060,139 | 153,666,725,549 | 158,695,768,295 | 227,519,296,162 | 166,350,442,469 | 271,381,872,090 | 444,043,111,896 | 421,467,650,710 | 307,491,684,709 | 586,612,599,330 | 395,734,616,139 | 435,990,309,263 | - | - | - |
| % Net Margin | 19.3% | 20.4% | 21.0% | 27.1% | 19.8% | 27.6% | 25.2% | 24.6% | 20.2% | 24.3% | 17.1% | 17.0% | - | - | - |
NCSoft - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct | Completed | Justplay GmbH | - | ||||||||
| Add-on, LP Direct | Completed | Indygo Group Pte Ltd. | - | ||||||||
| LP Direct | Completed | NCSoft | - | ||||||||
| LP Direct | Completed | NCSoft | - | ||||||||
| LP Direct | Completed | NCSoft | - |
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NCSoft - employee data


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