[Featured Stock] Neowiz "Performance Improvement + Share Buyback" 'Strong'

Neowiz is showing strong performance. The news that the company turned its earnings positive and plans to repurchase its own shares to enhance shareholder value seems to have had an impact.

As of 10:47 AM on the 9th, Neowiz was trading at 19,850 KRW, up 630 KRW (3.28%) compared to the previous trading day.

Neowiz announced that it recorded consolidated sales of 87.012 billion KRW and an operating profit of 4.743 billion KRW for the second quarter. Sales increased by 24% year-on-year, and operating profit turned positive.

PC and console game sales amounted to 37.2 billion KRW, a 36.5% increase compared to the same period last year. However, this was a 16.4% decrease compared to the previous quarter. Mobile game sales were 38.1 billion KRW, increasing 15.7% year-on-year due to the first anniversary event of "Brown Dust 2." Compared to the previous quarter, it decreased by 9.2%. Other sales reached 11.6 billion KRW, with advertising revenue from the advertising platform company TNK Factory increasing by 17.6% year-on-year and 10.8% quarter-on-quarter.

Additionally, the company introduced a major new release lineup, including the subsidiary Pow Games' "The Legend of Heroes: Gagharv Trilogy," scheduled for release on the 28th of this month. Furthermore, focusing on Round8 Studio, the developer of "P's Falsehood," Neowiz plans to concentrate on developing life simulation and survival action adventure genre games, as well as downloadable content (DLC) for "P's Falsehood."

Along with this, Neowiz held a board meeting on the same day and announced the decision to repurchase its own shares worth 10 billion KRW to enhance shareholder value.