[Public Notice+] Me2on Q2 Operating Profit 13.3 Billion KRW... "Record High Performance Achieved"
[Asia Economy Reporter Jang Hyowon] Mobile social casino game company Me2on (CEO Son Changwook) announced on the 12th that it achieved consolidated financial results for the second quarter with sales of 34.3 billion KRW, operating profit of 13.3 billion KRW, and net profit of 9.1 billion KRW.
Sales increased by 18.3% compared to the same period last year, and operating profit and net profit also rose by 39.2% and 39.0%, respectively, achieving the highest quarterly performance in history. For the first half of the year, sales reached 66.2 billion KRW, operating profit 23.8 billion KRW, and net profit 15.8 billion KRW, marking the highest half-year performance ever recorded.
The company explained that the record sales were driven by growth in social casino and casual game revenues. In particular, due to the spread of COVID-19 in the North American region, marketing focused on paying users of ‘slot’ games was conducted, resulting in an increase in the proportion of paying users and a steady rise in daily payment per active user, which contributed to the sales growth.
The casual game ‘Trypicks’ has maintained solid growth mainly in North America and Europe since its launch in October 2018. In February, the official release of ‘Farm Adventure,’ the sequel to ‘Trypicks Journey,’ on the Apple App Store achieved the highest quarterly sales, driving the group’s growth.
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Choi Wonseok, CFO of Me2on, said, “It is especially meaningful that we succeeded in acquiring Me2zen with Me2on’s public offering funds, grew it into a better company, successfully listed it on the KOSDAQ market, and at the same time achieved the highest performance in Me2on Group’s history.” He added, “In the second half of the year, we will continue to create growth momentum to strengthen the social casino and casual game businesses so that Me2on Group’s external growth can be sustained.”
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