[Click eStock] "Krafton Continues Positive Earnings Trend"
On the 18th, SK Securities analyzed that Krafton’s Q3 performance this year exceeded market expectations.
Nam Hyoji, a researcher at SK Securities, stated, "We estimate that Krafton achieved sales of 673.7 billion KRW and operating profit of 277.8 billion KRW in Q3," adding that these figures represent a 49.6% and 46.8% increase respectively compared to the same period last year."
He continued, "PC sales reached 226.2 billion KRW, up 86.5% year-on-year," and "the collaboration with Lamborghini vehicles was a hit, sustaining high growth momentum."
Additionally, "mobile sales increased by 40.1% to 432.9 billion KRW," emphasizing that "PUBG Global, Peacekeeper Elite, and BGMI all showed high efficiency and steady performance."
Researcher Nam analyzed, "This year, we have steadily raised performance estimates due to increased PUBG traffic and improved sales efficiency," noting that "PC traffic is still trending upward and mobile is growing across all regions." He added, "starting next year, new releases such as 'inZOI' and 'Subnautica 2' will be launched, opening up potential for increased sales through publishing."
The target stock price for Krafton was raised from 380,000 KRW to 420,000 KRW.
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