[Featured Stock] Netmarble Hits 52-Week High in 3 Months... Earnings Improvement Highlighted by 'Nahonrep'

Earnings Announcement on the 9th, Two Consecutive Quarters of Profit
'Nahonrep' Success, Annual Revenue Estimate Doubled
'Cost Efficiency' Continues... Partial Sale of HYBE Shares

Netmarble recorded a 52-week intraday high.

As of 9:15 a.m. on the 10th, Netmarble's stock price was trading at 69,100 KRW, up 6.64% (4,300 KRW) from the previous day. This surpassed the previous 52-week high of 67,500 KRW set on February 28. In the early session, Netmarble's stock price reached a peak of 70,800 KRW and has been fluctuating around the 69,000 KRW level.

Netmarble posted profits for the second consecutive quarter according to its earnings announcement the day before. On a consolidated basis for the first quarter, sales were 585.4 billion KRW and operating profit was 3.7 billion KRW. This marks a turnaround to profitability compared to the same period last year. Yoon Ye-ji, a researcher at Hi Investment & Securities, said, "Although losses were expected due to the absence of new releases, cost efficiency measures implemented last year have started to take effect, resulting in profits." The annual sales estimate for 'Solo Leveling: Arise' was also revised upward from 240 billion KRW to 504 billion KRW.

Netmarble continues its 'cost efficiency' efforts. It also partially divested its stake in HYBE. On the 9th, it sold 2.66% of its 12.1% stake in HYBE. It still maintains its position as the second-largest shareholder of HYBE. Netmarble stated, "The proceeds from the sale will be used to reduce acquisition financing refinancing amounts and improve financial soundness."