EVE Online Financial Performance In Relation To Other Games

A long-standing meme amongst EVE Online players is that EVE is dying. But a funny thing happened when Pearl Abyss purchased CCP. We now get to see how well the EVE IP is performing financially. Since Pearl Abyss breaks out financial information by intellectual property, we get to see how well (or poorly) EVE Online is doing, at least until the mobile game EVE: Echoes launches.

Q2 2019 earnings from the NCSoft

I saw Jason Winter, a games journalist who currently writes for, among other places, MMOBomb.com, tweeting about the revenues for Guild Wars 2 and EVE. I've followed Jason's work since his Gamebreaker days and thought I'd take his idea in a slightly different direction. Instead of comparing casual vs hard core games, how about revenue generated by games run by two Korean companies.

Just as an FYI, my initial thought on this wasn't to say "GW2 better than Eve lol" but to be a little confused over the "Casual games are all the rage, it's all companies should make" vs. "Companies should make more hardcore games rather than appeal to casuals" dichotomy.

— Jason Winter 🥔 (@winterinformal) August 12, 2019

I took all of the NCSoft games, with the exception of Lineage, and converted their revenue from the Korean won to the U.S. dollar. That might give some idea of the health of EVE, right?

EVE vs NCSoft (minus Lineage)

Yes, EVE only beats Aion in revenue for the first half of 2019. But I can't help but think if CCP and NetEase had managed to get Serenity up and running in China again, EVE would actually beat Guild Wars 2's performance. If anyone had said that, outside of China, EVE was performing financially as well as GW2, would anyone have believed that statement?