April 23, 2024

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[THE INVESTOR] Com2us will post record-high earnings this quarter following updates to its game “Summoners War” on March 17, said KTB Investment and Securities on March 16. 

The real-time arena update is the fourth major content update of the game, and revenue from the mobile game has broken records after every major update so far, said analyst Lee Min-a. 

Its daily revenue in the second quarter will reach 1.1 billion won (US$971,731) and the company’s revenue in the same period will set a record at 142.7 billion won, up 13 percent on-year, forecast the analyst. 

More new games including “Project DD” and “God of Fishing VR” are being released on schedule and the advertising costs are stabilizing, noted Lee, maintaining a “buy” recommendation and 130,000-won target price. 

By Hwang You-mee (glamazon@heraldcorp.com)