Pearl Abyss Q1 Earnings Skyrocket on 'Red Desert' Global Success; Loss-Making Subsidiary Sold

'Red Desert' launched globally on March 20, 2026, sold 5 million copies in 26 days (Steam #1 revenue, 240K concurrent users)
Consolidated Q1 2026 (Jan-Mar) revenue 328.5B won, operating profit 212.1B won (up 20.5% and 558% YoY vs full-year 2025)
Net income from continuing operations 170.0B won (vs 25.3B won in FY2025)
Sale of loss-making CCP ehf. (formerly CCP) completed on May 6, 2026; strengthens balance sheet and eliminates losses
Holds 2,804,945 treasury shares (4.37%); no additional cancellation plan announced (cancelled 1,986,645 shares in May 2022)
Debt ratio 47.0%, credit rating A- (stable), cash & equivalents 145.1B won; sound financial position