[Featured Stock] '400,000 Concurrent Users' Night Crow Hits Big... Wemade Group Stocks Rise Together

Global Version Launch in March, Concurrent Users Reach 400,000
"MMORPG with 400,000 Concurrent Users Is Rare"
Q1 Deficit Reduced, Profit Turnaround Expected from Q2

The popularity of the global version of Wemade's game 'Night Crow' is sailing smoothly, leading to a simultaneous rise in Wemade-affiliated stocks.

Nightcrow's global popularity is sailing smoothly.
[Photo by Nightcrow official website]

As of 9:17 AM on the 23rd, Wemade is trading at 51,000 KRW, up 8.91% (4,100 KRW) from the previous day. Wemade's subsidiary, Wemade Max, is trading at 11,570 KRW, up 17.34%, and its grandchild company, Wemade Play, is trading at 11,500 KRW, up 23.66%. Wemade Play hit the upper limit price of 12,090 KRW before pulling back.

Wemade released the global version of Night Crow last month. On the first day of release, it recorded 150,000 concurrent users, and on the 14th, it surpassed 400,000. Jae-min Ahn, a researcher at NH Investment & Securities, said, "Removing the tinted glasses of blockchain games, Night Crow is a global hit product that has appeared from a domestic game company after a long time," adding, "Considering that there are not many MMORPGs that have achieved around 400,000 concurrent users globally, the performance should be positively evaluated."

The success of Night Crow is expected to be a boost for Wemade, which had been struggling with deficits. Wemade's first-quarter earnings are forecasted to increase by 77% year-on-year to 166.5 billion KRW. Although operating losses are expected to continue, the sales from the global version of Night Crow being partially reflected is likely to reduce the deficit. From the second quarter onward, when sales are fully reflected, a turnaround to profitability is also anticipated.