April 24, 2024

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[THE INVESTOR] NCSoft’s third-quarter earnings will hit a record high, forecast Korea Investment and Securities on Oct. 17, maintaining a “buy” recommendation and 620,000 won (US$547.70) target price. 

Its revenue will soar 220.7 percent on-year to 697.7 billion won with operating profit rising 324.9 percent to 341.8 billion won, on the back of solid popularity of “Lineage M,” said analyst Kim Seong-eun.

The mobile game’s revenue will total 513.0 billion won in the period and “Lineage 2: Revolution” will reap 45.6 billion won royalties from Japan and Southeast Asia, explained the analyst. 

“Lineage M” will maintain solid revenue in the fourth quarter, according to Kim. Although the revenue is slightly lower from the time of launch the number of log-ins are still solid. As major updates are scheduled for the fourth quarter, the decline will be limited, she added.

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