Nexon outperforms rival game companies on new game expectations
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.
Nexon shares listed in Japan rebounded 88 percent from the 52-week low of 1,680 yen ($13.23) on October 4, 2021 to 3,165 yen on May 27. Over the same period, its market cap jumped from around 15.6 trillion won ($12.5 billion) to surpass 28 trillion won.
Its Japanese peers Nintendo, Bandai Namco and Capcom made a 20 to 30 percent recovery in their stock prices over the same period.
Compared with Korean rivals, Nexon’s stock performance is more noteworthy. Krafton, NCSoft, Netmarble, and Kakao Games, lost 20 percent to up to 50 percent of their market cap during the same period after they disappointed the market with poor earnings and an absence of new releases.
Nexon’s stock outperformed its rivals after “Dungeon & Fighter Mobile” topped both Apple Store and Google Play charts when it was first released and the game is still in the top 3 two months after its release, raising expectations for a record high second-quarter earnings.
It is also expected to release five to six new games by the end of this year unlike its peers have not announced specific new release dates.
Nexon is forecast to report handsome earning results in the second quarter. The expected revenue for the second quarter is in the 795.9 billion won to 854.2 billion won range and between 221.8 billion won and 270 billion won for operating profit. Both are less than the revenue of 902.7 billion won and operating profit of 385.3 billion won it reported in the first quarter but a big jump on year from the 555.4 billion won in revenue and 108.1 billion won in operating profit during the second quarter of last year.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- South Korea’s key imports mostly come from China: Report - Pulse by Maeil Business News Korea
- Nexon outperforms rival game companies on new game expectations - Pulse by Maeil Business News Korea
- Banks promote lending to exporters amid Việt Nam’s positive shipments - Pulse by Maeil Business News Korea
- IDCamp 2022 is officially open for registration - Pulse by Maeil Business News Korea
- Hyundai Motor opens virtual studio for future mobility experiences on Zepeto - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 시흥서 판교 30분…4개 역 정차 안양 눈길 [전문가 현장진단]
- NCT 태일, 불미스러운 일로 팀 탈퇴…SM “엄중함 인지”[공식입장][전문] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이