u/ThonPharges

• Sharp recovery across the board: $331M in revenue (+10.8%), operating income of $69M - more than double 2024's figure. A $65.4M dividend is already scheduled for March 2026.
• The main driver remains virtual content: skins and in-game purchases across LoL, VALORANT and Wild Rift hit $309M (+8.9%).
• The LCK no longer exists as a legal entity. On October 31, 2025, Riot Games Korea absorbed the subsidiary that had operated the Korean league independently - officially for "managerial efficiency", in practice to write off $34M in accumulated losses after the LCK's revenue fell from $18.8M to $7.7M over three years.
• Consequence: the direct distributions to the ten franchised teams, previously traceable at $4.7M-$5.7M per year, have vanished into a broader "commissions" category with no further breakdown available.
• Of every dollar earned in Korea, 70 cents go back to Riot Games Inc. - $90M in operating rights, $68M in IT services, plus $42M in dividends already sent in March 2025 and $65M more on the way.
• Combined with Riot Games Ltd's €603M dividend out of Europe in 2024, Korea and Europe are confirmed as the two primary financial engines feeding Riot Games Inc.

• 3-0 start, but he's staying humble. "It's a 3-0 against SK, Heretics and Fnatic. If we want to beat the top teams, I don't think that's enough yet." as they also dropped games against both TH and FNC along the way.
• His early game chaos is fully intentional : "I'll get flamed when it doesn't work, and praised when it does. That's kind of the game. And that's what makes it fun." Watching G2 stomp LCK teams made him realise how much space there is to exploit. Level 2 invades, unconventional pathing, trying things live on stage.
• Contract up at the end of the year so he is giving everything he has. "I really believe it. I think the players are very skilled individually and we have clear strengths that we weren't using before."
• The mental block against top teams has been a real thing, and he knows it. Two years together, smarter preparation - he thinks it's genuinely starting to shift : "I think we had the mental block before. I think we've worked on it this year and it's starting to go away for real."
• about the three BO3s in three days at the end of the split in Madrid against MKOI, G2 and KC : "I want to arrive there and actually play the game*. I want memories. Whether you lose being 0/3 or 0/12, you lost anyway*."

• Early games have been hit and miss since coming back from First Stand. Caps admits the team is still integrating lessons from the tournament while shaking off the rust of a week off - too many new things being tested at once. "We talked past each other sometimes. We just need to make sure we are on the same page."
• One key takeaway from First Stand: BLG's chaotic, invade-heavy style disrupted G2's rhythm in a way LCK teams didn't. G2 thrive in slower, structured games - when it gets messy and fast, communication breaks down : "Against BLG they kind of just hit us from level one. That threw off our rhythm and they just kept it coming."
• On staying relevant through every meta shift: "I will do everything I can to just become the best and finally get that world trophy, which I've definitely been chasing for a long time."
• On hope after six years of trying: rewatching losses removes the emotional side and makes the fixes feel obvious. "It always feels bad and good at the same time to rewatch - if we just did these small things better, we could have come out on top."
• On whether this roster is his best shot since 2019: "If we work hard enough, if we are sharp, if everything goes perfectly - we are going to win MSI and we are going to win Worlds." Closest G2 has felt to winning internationally in a long time, but no guarantees.

"But we could have done better in those other years, and we will do better this time."

AND THEY WILL !

• On the turnaround from week one: "Today we showed our real level. In week one we just underperformed a lot." they lose a lot in scrims but take a lot away from it.
• On his laning development: he regularly reviews his lane after scrims and watches LCK rofl files for matchup concepts. "I play against Jojopyun and I learn a lot - I also asked him for advice and what he thinks."
• He also has very high praise for Jojo: "He could arguably be a top 10 laner in the world."
• On solo queue: he's reduced it, now doing three to five games on scrim days. "I wouldn't say solo queue is the best way to improve." Agrees with Jojo that VODs are more valuable.
• On the Team atmosphere : "people outside probably think it's very booming" "So yeah, the mood even when we lose is fine. Not good - you're disappointed and maybe a bit angry - but pretty okay"
• On his time at KC: "I regret not watching VODs. I didn't put in a lot of effort, and it was mostly due to myself." Also acknowledges the lack of structure after scrims didn't help : "there wasn't enough structure and we had a lot of free time."
• On his self-assessment: "If I get my laning to the level of Jojo, I think I can be a very very good player." He feels his game sense and map reading are already strengths but consistency in lane is the one area still holding him back.
• On facing KC fans at Les Arènes soon: "I'm expecting a lot of boos. I'll just try to minimise the noise and focus on my game."