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PUBG: Battlegrounds is earning a lot more money after going free-to-play

Krafton’s bet is paying off in a big way

Krafton’s bet is paying off in a big way

Somebody at Krafton is probably doing these poses after the company’s latest earnings report.
Somebody at Krafton is probably doing these poses after the company’s latest earnings report.
Somebody at Krafton is probably doing these poses after the company’s latest earnings report.
Image: Krafton
Jay Peters
is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme.

PUBG: Battlegrounds, the PC and console version of the battle royale shooter series, is making a lot of money following its switch to free-to-play in January, as revealed by developer Krafton’s latest earnings report published Friday.

According to the report, on PC, sales were up 61 percent year over year to $82.3 million. On console, the sales jump was even bigger, increasing 124 percent from the previous quarter and 274 percent year over year, though Krafton didn’t put a dollar figure behind those increases. The game also saw a “nearly tripled” increase in average monthly active users from Q4 2021.

PUBG: Battlegrounds was originally a paid title when it launched on Steam in early access in 2017, but the outsized financial success of free-to-play battle royale shooters like Fortnite, Call of Duty: Warzone, and Apex Legends proved that the free model can be quite lucrative. To give you an idea of just how lucrative, EA said this week that Apex Legends, a game that has been out for a little over three years, has surpassed $2 billion in lifetime net bookings. And Epic raised $144 million for Ukraine relief from just two weeks of Fortnite proceeds.

So for Krafton, switching PUBG: Battlegrounds to free-to-play was likely a pretty easy decision. And the popularity of PUBG: Mobile (which is also free-to-play) probably helped; Krafton says that game, which has been downloaded more than 1 billion times as of March 2021, earned $307.1 million in revenue in the first quarter of 2022, a figure that was up 5 percent year over year.

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