There is a high likelihood of the Indian authorities fully approving the BGMI game after three months of trial. Plus, it has a solid pipeline of new games under development.
Boomeranged on Wed, 8 Nov 2023 17:59
Krafton's share price is up 11% today after better than expected results in 3Q 2023. It had sales of 450 billion won (up 3.8% YoY) and operating profit of 189 billion won (up 30.9% YoY) in 3Q 2023. Krafton's BGMI (Mobile PUBG Indian version) improved in both sales after resuming service in May. It also had lower than expected labor costs, commissions, and stock compensation costs in 3Q 2023.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.