PearlAbyss Corp (XKRX:263750) Q4 2025 Earnings Call Highlights: Navigating Challenges and …

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Thu, February 12, 2026 at 2:02 PM GMT+9 3 min read

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Release Date: February 11, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Black Desert Online showcased new region Edania and received positive user feedback, contributing to its long-term success.

Eve Online demonstrated growth with two expansion packs in 2025, achieving the highest quarterly revenue since the pandemic.

Crimson Desert emerged as a standout in major game shows, leading to successful promotion and anticipation for its launch.

The company plans to expand offline events and hold significant anniversary celebrations to strengthen user engagement.

PearlAbyss Corp (XKRX:263750) is preparing new titles and expansion packs to secure future growth and maintain market interest.

Negative Points

Q4 operating revenue decreased by 10.6% quarter-over-quarter, resulting in an operating and net profit loss.

Black Desert's revenue weakened due to the lack of large-scale updates compared to previous quarters.

Operating expenses increased by 1.8% quarter-over-quarter, partly due to temporary labor costs from restructuring.

Marketing expenses for Crimson Desert are expected to rise significantly, although they are projected to decrease post-launch.

Concerns exist about the financial stability in 2027 and 2028, with uncertainties about new titles and DLC plans.

Q & A Highlights

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Q: Can you provide details on the marketing activities and expenses for the upcoming launch of Crimson Desert? Additionally, what are your financial plans for 2027 and 2028 to ensure robust financials? A: Currently, we are in the final stages of polishing Crimson Desert for its launch. Our marketing efforts include collaborations with media partners and preview events for global media and influencers. Marketing expenses will increase around the launch but will decrease post-launch to below quarterly averages. For future financials, we plan to introduce new titles and DLCs to maintain robust financials in 2027 and 2028.

Q: Are there any plans for demos or other marketing strategies before the launch of Crimson Desert? A: We will not conduct widespread demos but will hold offline preview events for major media and influencers. We aim to maximize marketing effects through media reviews and timely marketing activities leading up to the launch.

Q: What is the roadmap for new titles after the launch of Crimson Desert? A: Post-launch, we plan to introduce new titles such as Tokeri and Plan A, and expand into DLC and multiplayer options based on market needs. We aim to reduce development time for future projects by leveraging our experience and the stabilized Black Space Engine.

Story Continues  

Q: How has the development process for Crimson Desert impacted future projects? A: The development of Crimson Desert, alongside the Black Space Engine, took longer than expected. However, we have now stabilized the engine, allowing us to focus solely on game development for future projects, which should reduce development time significantly.

Q: What are the plans for Tokeri and other future titles? A: We plan to allocate more resources to the Tokeri team after the launch of Crimson Desert. We aim to provide updates on development progress within the year and ensure future titles are launched at stable intervals.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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