Krafton feeds game pipeline upon fast move to the top-tier group ahead of IPO
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Krafton has generated 460.9 billion won ($414.66 million) in sales in the first quarter ended March, almost on par with the top three. In terms of income, it ascended to No. 2 after Nexon with operating profit of 227.1 billion won.
Its over-the-counter market cap reached 21 trillion to 23 trillion won, close to Tokyo-trading Nexon value of 21.7 trillion won.
After passing Netmarble in sales last year, the publisher is expected to overtake NC Soft and Nexon this year, said an unnamed industry source.
Its achievement is expected to boost its Kospi debut prospects in the third quarter, which could raise its value to mega-billion dollars.
Krafton has been feeding game pipeline ahead of the IPO.
The company is set to carry out a closed alpha testing for the much-awaited ‘PUBG: New State’ in the U.S. starting this week, with a goal of launching it globally within the year. It is a mobile sequel to Krafton’s PUBG Mobile, one of the most successful games across the globe that has surpassed one billion accumulated downloads in three years after its launch.
PUBG Mobile is also set to release this month in India, the world’s second-largest internet marketplace. It has already crossed 20 million pre-registrations in just two weeks.
Its leap comes at the expense of stagnation by traditional majors.
The only downside is its heavy reliance on China.
Krafton’s sales in Asia last year nearly doubled to 1.41 trillion won on year thanks to royalties from China’s top game publisher Tencent for its flagship title based on Krafton’s PUBG. But the Chinese government’s tighter gaming restrictions and stricter antitrust regulations against big tech firms including Tencent could pose as a risk.
Krafton shares trade between 500,000 and 600,000 won on the OTC market. Krafton’s IPO is expected in July.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Naver to go after more startups in shopping and webtoon to beef contents - Pulse by Maeil Business News Korea
- Korea’s tax revenue up $29.3 bn on yr in Jan-Apr amid faster-than-expected recovery - Pulse by Maeil Business News Korea
- Korean antitrust watchdog to step up scrutiny on chaebol family ownership - Pulse by Maeil Business News Korea
- Korea extends C/A surplus for a year in April led by exports despite dividend payout - Pulse by Maeil Business News Korea
- BTS’ “Butter” goes after previous “Dynamite” record, at No.1 on Billboard Hot 100 for 2nd week - Pulse by Maeil Busine
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 리뷰하다 창업 50억 매출…문래동 다 잡았다 [대한민국 장사 고수 열전]
- 카니예 웨스트, 14년만 한국 온다…8월 23일 공연 확정[공식] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이