The Korea IR Association Corporate Research Center on the 29th expressed expectations that Ghost Studio will grow into a comprehensive entertainment company.
Ghost Studio is a developer of social casino and casual games. Based on cumulative sales as of the third quarter last year, the business segment proportions are social casino 32.5%, solitaire 19.4%, Tripix 34.1%, and others (MiToon & Novel, BluePick, etc.) 14.1%.
Researcher Cha Yoon-seok explained, "85.9% of Ghost Studio's sales were generated from casual card games such as social casino, solitaire, and Tripix," adding, "Based on game development and operation know-how, starting from the first half of this year, they will sequentially release the puzzle casual game ‘Match Miracle’, the management simulation ‘Cooking Tour’, and the TPS PC game ‘Pizza Bandit’."
He continued, "It is estimated that last year's sales amounted to 101.1 billion KRW and operating profit to 29.6 billion KRW," analyzing, "This likely reflects the performance of Ghost Studio Ent Management, which was acquired last October." He also added, "It is judged that the operating profit margin improved due to restructuring and cost efficiency."
Researcher Cha stated, "It is estimated that this year’s sales will reach 150.2 billion KRW and operating profit 34.8 billion KRW," explaining, "This represents an increase of 48.6% and 17.5%, respectively, compared to last year."
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