[Click eStock] "Wemade, 'Surprise Earnings' Expected Due to Mir4's Success"

[Asia Economy Reporter Hyungsoo Park] Cape Investment & Securities estimated on the 31st that Wemade achieved results exceeding expectations in the first quarter of this year.

Choi Jinseong, a researcher at Cape Investment & Securities, explained, "Wemade is expected to achieve sales of 95.5 billion KRW and an operating profit of 28.9 billion KRW in the first quarter," adding, "This represents an increase of 210.0% and 796.9%, respectively, compared to the same period last year."

He continued, "According to Mobile Index on the 29th, 'Mir 4' ranks third in combined sales rankings on Google Play, App Store, and One Store, following Lineage M and Lineage 2M," and added, "Daily sales likely increased up to 700 million KRW."

Researcher Choi emphasized, "The domestic mobile game market has a high proportion of Google Play," and stated, "Mir 4, which has a relatively low Google Play ranking, is being undervalued."

He analyzed, "The sales proportion of One Store has already expanded beyond that of the App Store," and "Since its release in November last year, Mir 4's sales have been continuously increasing."

This content was produced with the assistance of AI translation services.