KRAFTON reported that its annual operating profit exceeded 1 trillion won for the first time, but the stock price has fallen in after-hours transactions following the market close. This seems to be due to high market expectations.
KRAFTON stocks were transacted at 360,000 won during after-hours transactions at 5:20 p.m. on the 11th, down 4% (15,000 won) from the closing price (375,000 won). KRAFTON maintained a level of 386,500 won, which was 2.4% (9,000 won) higher than the previous day's closing price until the simultaneous call before the regular market closing, but ultimately ended trading down 0.66% (2,500 won).
It seems there were investors disappointed by the results that KRAFTON disclosed just before the regular market closing on that day. KRAFTON recorded a consolidated revenue of 617.5 billion won and an operating profit of 215.4 billion won in the fourth quarter (October to December) of last year. This was below the market expectations of 669.6 billion won in revenue and 261.9 billion won in operating profit.
The performance of new releases being developed based on KRAFTON's core intellectual property (IP) 'PlayerUnknown's Battlegrounds (PUBG)' and those planned for release this year is expected to be crucial. Starting with the life simulation game 'inZOI' in March, mobile extraction game 'DARK AND DARKER Mobile', the marine survival adventure game 'Subnautica 2' being developed by overseas subsidiary Unknown Worlds, and lifestyle simulation 'Dinkum Together' produced by domestic studio 5min Lab are scheduled to hit the market.
KRAFTON presented a blueprint for doubling its corporate value and achieving total sales of 7 trillion won within five years.