We are a little over halfway through the third quarter of 2023 so I thought would take a little time to highlight a few events I think will show up on Pearl Abyss Q3 2023 earnings call. With the company's stock price falling 18% since the Q2 2023 earnings call on 10 August, I thought now is a good time to look at news that might interest investors.
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| Pearl Abyss' stock price still up 14.5% for 2023 |
Going back to the beginning of the quarter, CCP Games announced the renewal of its agreement with NetEase to publish EVE Online in China.
REYKJAVÍK, Iceland – July 5, 2023 – CCP Games, the renowned creator of the iconic sci-fi spacefaring MMORPG EVE Online, is pleased to announce the renewal of its publishing license with NetEase Games, a leading international developer and publisher. This agreement reaffirms NetEase Games' role as the exclusive publishing partner for EVE Online in China, ensuring a seamless gaming experience for Chinese players.
Over the past five years, NetEase Games and CCP Games have witnessed the remarkable achievements of EVE Online in the Chinese gaming market, captivating players with its expansive universe and immersive gameplay. With this renewed partnership, the stage is set for an even more exciting chapter in the game’s history. It solidifies the commitment of both companies to delivering exceptional gameplay, enhancing the player experience, and fostering a thriving community.
“We are thrilled to continue our partnership with NetEase Games and build upon the success we have achieved together,” said Bing Xi, General Manager of CCP Games' Shanghai studio. “The renewal of our publishing license represents a new era for EVE Online in China, and we are committed to delivering unforgettable experiences and further engaging our passionate player base.”
If the agreement works like most typical agreements in China, the extension ensures Chinese players will have the ability to play behind the Great Firewall until October 2028. More importantly for investors, EVE will not see revenue drop precipitously down to 2019 levels for the foreseeable future.
Next comes an event the investment analysts have asked for years. A new gameplay trailer for Crimson Desert was unveiled at GamesCom yesterday.
While some gaming websites gushed over the video, apparently the footage did not impress investors. The stock price fell over 14% in today's trading.
Finally, a little more bad news for the quarter. New Black Desert Online content for consoles suffered a delay extending into the fourth quarter. (h/t MassivelyOP)
A lot of our Console Adventurers and Community have been wondering about the next content update schedule - especially Maegu Awakening and Mythical Horse updates. So, we would like to take some time to address the current situation and agenda through this GM Note.
The Land of the Morning Light update released on Black Desert Console this past July 26 (Wed). Previously we mentioned this region features new content providing more cutscene-oriented storylines and unique combat styles. In order to provide the best gameplay environment, ample time and continuous optimization work is needed.
To keep our promise to deliver content as quickly as possible, the team has been working diligently. However, judging by our current pace, we expect the optimization period to continue through September.
Hence, we regret to inform you that our planned release timeline for the content in question has been delayed.
We plan to release Maegu Awakening and Mythical Horse updates as soon as our team feels that the optimization process has reached the appropriate levels. Our current target is the maintenance on October 4 (Wed).
I think most can understand the disappointment in not getting cool new mounts. But the Maegu Awakening refers to one of the two advanced sets of skill sets available to the new Maegu class at level 56. That's right, BDO's console version has a gimped version of its newest class. News that might, but not necessarily will, lead to decreased revenue for the third quarter.
Hopefully this quick recap of Pearl Abyss news over the past 7 weeks or so is interesting. For those involved in EVE Online, the health of the company that purchased CCP Games in 2019 is of interest.
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