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THE INVESTOR
December 14, 2019
Big Reunion

Mobile & Internet

DoubleUGames’ sales, operating profit hit 3-year high

  • PUBLISHED :July 24, 2019 - 16:05
  • UPDATED :July 24, 2019 - 16:05
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South Korea’s social casino game developer DoubleUGames said its operating profit rose 16.5 percent in the second quarter on-year.
The company recorded 40.3 billion won ($34.30 million) in operating profit and 129.9 billion won in sales, up 9.4 percent. These figures were record-high quarterly figures in three years. The net income, however, fell 9.3 percent to 29.9 billion won from a year ago. 



The sales of DoubleU Casino, the company’s signature game, was up 7.4 percent while DoubleDown Interactive’s DoubleDown Casino rose 10 percent from a year ago. DoubleU acquired DDI in June 2017 for $825 million -- the largest overseas purchase by a Korean game company.

Established in April 2012, the firm has developed and distributed software for online and mobile-based games. It, particularly, has focused on the development of social casino games, such as DoubleU Casino, which are available in 120 countries across the world.

By Park Ga-young (gypark@heraldcorp.com)

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