External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, Pearl Abyss reported revenue of W106.8bn (+34% YoY) and operating profit of W10.6bn (turning to profit YoY), beating the consensus estimates of W79.7bn in revenue and -W12.5bn in operating loss.</li><li>The earnings surprise was driven by a rebound in Black Desert PC sales following new class and regional updates.</li><li>Black Desert revenue came in at W79.5bn (+47% YoY, +45% QoQ), exceeding expectations by 47%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, Pearl Abyss reported revenue of W106.8bn (+34% YoY) and operating profit of W10.6bn (turning to profit YoY), beating the consensus estimates of W79.7bn in revenue and -W12.5bn in operating loss.The earnings surprise was driven by a rebound in Black Desert PC sales following new class and regional updates.Black Desert revenue came in at W79.5bn (+47% YoY, +45% QoQ), exceeding expectations by 47%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pearl Abyss (263750 KQ/Hold)Red Desert Delay Concerns Dismissed