The company said Net Bookings for the quarter ended December 31, 2023 decreased 3% to $1.34 billion, and GAAP net revenue decreased 3% to $1.37 billion. In the same quarter last year, the figures were $1.38 billion and $1.41 billion, respectively.

1. 01

   The company said Net Bookings for the quarter ended December 31, 2023 decreased 3% to $1.34 billion, and GAAP net revenue decreased 3% to $1.37 billion. In the same quarter last year, the figures were $1.38 billion and $1.41 billion, respectively.

2. 02

   The company said its GAAP net loss for Q3 narrowed to $91.6 million, or $0.54 per share, from $153.4 million, or $0.91 per share, in the same quarter last year. The GAAP results included an impairment charge of $53.4 million related to intangible assets.

3. 03

   The company set its Net Bookings outlook for the fiscal year ending March 31, 2024 at $5.25 billion to $5.3 billion. Management cited softness in mobile advertising and NBA 2K24 sales, a planned release moving out of Q4, and increased marketing for Match Factory! as factors in the lower outlook.

4. 04

   The company reported that net cash provided by operating activities was $(7.2) million for the 9 months ended December 31, 2023, with proceeds from issuance of debt of $999.3 million and repayments of debt of $(989.6) million. Adjusted Unrestricted Operating Cash Flow for the same period was $107.8 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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