Pearl Abyss adjusts its guidance for 2026, projecting revenue of 709.8 billion won and operating profit of 315.5 billion won

Pearl Abyss (263750) has submitted a fair disclosure regarding its consolidated financial statements, outlining its projected business performance as of August 11, 2026. The company anticipates annual revenue of 709.8 to 743.8 billion won, and operating profit of 315.5 to 345.2 billion won. The figures listed in the disclosure represent the lower end of the projected ranges. The key reasons for the adjusted guidance are twofold. First, the proportion of channels that recognize only a portion of the sales amount as revenue within the Red Desert IP has increased since the second quarter, resulting in a lower estimated average selling price compared to the previous quarter. Second, the difference between the sales date and the revenue recognition date for the Red Desert physical package, as well as the impact of revenue deferral related to refunds and guarantees, have been factored in. Based on revenue by IP, Black Desert is projected to generate 239 billion to 244.6 billion won, Red Desert is projected to generate 468.9 billion to 497.3 billion won, and other revenue is projected to be 1.9 billion won. Red Desert accounts for approximately 65% or more of the total revenue, meaning that Red Desert's channel strategy and price fluctuations directly impact the annual performance. Regarding the governance structure, there have been changes. On April 30, 2026, the board of directors passed a resolution confirming the sale of certain subsidiaries, including Fenris Creation (formerly CCP ehf.), and the sale was completed on May 6th. Consequently, these subsidiaries have been classified as discontinued operations, and the projections presented here are based on continuing operating income. Forecasts for net income and continuing operations before deducting income tax expenses are not included in this disclosure. The person responsible for public disclosures is CFO Jo Mi-young, and the IR disclosure team plans to provide information to domestic and international investors, analysts, and media outlets following the public disclosure. The company stated that while this guidance was prepared based on recent financial performance and market analysis, it is still a forecast, and actual results may differ due to changes in internal and external factors.