[Click eStock] "Krafton, Overwhelming Traffic of Battleground"
Hana Securities evaluated on the 8th that Krafton’s third-quarter performance this year exceeded market expectations.
Krafton recorded consolidated sales of 719.3 billion KRW and operating profit of 324.4 billion KRW in the third quarter. These figures represent increases of 43.1% and 30.8%, respectively, compared to the same period last year.
Lee Junho, a researcher at Hana Securities, explained, "Battlegrounds is delivering results that surpass the rising expectations each quarter," adding, "PC sales in the third quarter reached 274.3 billion KRW, a 126.1% increase compared to the same period last year."
He continued, "The Lamborghini collaboration simultaneously conducted on PC and mobile in July set a new record for the highest single content update sales," and "traffic increased by more than 60% year-over-year, driving stable performance growth."
He emphasized, "Mobile sales in the third quarter were 425.4 billion KRW, up 37.6%," noting that "excluding one-time income from Tencent in the second quarter of this year, this represents approximately a 12% increase compared to the previous quarter."
The researcher analyzed, "As long as Battlegrounds traffic does not sharply decline, growth is possible until next year," and "if the upcoming new releases are added, the upside potential could expand."
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