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A printed quarterly earnings document open on a desk at the segment revenue table, a hand resting beside it, pen nearby

Section 2 of 5

Where the Money Moved

Revenue filings, analyst market-sizing, and the business-model shift from subscriptions to battle passes, cosmetic stores and mobile.

The shelf — attributed and dated

7 pieces in this section

21 June 2017

Lineage M launches in South Korea; breaks App Store and Google Play single-day revenue records in the country

In: Lineage M Has Out-Earned Most of the Games the Western Market Talks About. The Filings Show It.

2018

NCSoft full-year filing names Lineage M as largest single revenue contributor to group

In: Lineage M Has Out-Earned Most of the Games the Western Market Talks About. The Filings Show It.

November 2019

Lineage 2M launches; joins Lineage M as top-five Korean mobile grosser per Sensor Tower market reports

In: Lineage M Has Out-Earned Most of the Games the Western Market Talks About. The Filings Show It.

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Lineage M Has Out-Earned Most of the Games the Western Market Talks About. The Filings Show It.

Uses NCSoft's quarterly financial filings and Sensor Tower mobile revenue estimates to document Lineage M's cumulative earnings against comparable western MMO revenues, with every figure attributed and dated. The piece argues by arithmetic alone.

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Character creation screen showing a shirtless samurai with silver ponytail and dual swords

The arithmetic the western narrative keeps leaving out sits in an annual report.

Photo: Lineage 2 Essence / Steam

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