[Featured Stock] JoyCity Rebounds with 100 Million Downloads of Gunship Battle P2E... Full-Scale Growth Next Year

[Asia Economy Reporter Hyungsoo Park] JoyCity is showing strong performance. The release of new titles and P2E games is believed to have influenced the stock price, with expectations that earnings will grow significantly starting next year.

As of 9:55 AM on the 24th, JoyCity is trading at 14,750 KRW, up 6.88% from the previous day.

JoyCity offers a variety of games across different genres, including its self-developed ‘Freestyle’ series, as well as strategy simulation war games such as ‘Pirates of the Caribbean: Tides of War,’ ‘Gunship Battle: Total Warfare,’ and ‘Crossfire: Warzone.’

Yoon Chang-bae, a researcher at KB Securities, explained, "Project M, which had its release delayed, has completed a contract with the global publisher bilibili," adding, "It will be launched in the first half of next year." He continued, "Based on stable earnings from existing games, next year will see the addition of Project M, Disney Knights Saga, King of Fighters, and Project NEO."

He added, "They are also pursuing new blockchain-based businesses such as P2E games and NFT ventures," and noted, "After signing an MOU with Wemade, they plan to release the P2E version of Gunship Battle in the first quarter of next year."

He analyzed, "This is expected to act as a new growth factor for games that have recorded over 100 million global downloads," and emphasized, "Attention is focused on revitalizing the overall game ecosystem through the influx of Southeast Asian users, moving beyond the existing North America-centered structure."

Researcher Yoon stressed, "With the full-scale introduction of NFTs, synergies such as securing additional revenue are also expected by linking with existing IPs like war simulation and subculture."

JoyCity currently has 2.7 billion KRW worth of outstanding convertible bonds (convertible into 834,367 shares), which accounts for 1.8% of the total circulating shares.

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