[Click e-Stock] "Neowiz Expected to Post Surprise Second-Quarter Results"

On July 18, Meritz Securities stated that Neowiz's second-quarter results for this year are expected to exceed market expectations.

Lee Hyojin, a researcher at Meritz Securities, estimated, "Neowiz is believed to have achieved sales of 111.5 billion KRW and operating profit of 21.7 billion KRW in the second quarter," explaining that "these figures represent increases of 28.1% and 357.0%, respectively, compared to the same period last year."

She added, "The performance of the new title, which was unexpectedly released during the Summer Game Fest in June, was reflected in the second quarter," and noted that "'Brown Dust 2' was also a key factor in the upward revision of the second-quarter results."

She analyzed, "Although there is a lack of momentum until Pow Games' 'Kingdom 2' next year, the fact that Neowiz holds intellectual property that has achieved overseas success allows for higher expectations in the future," and added, "It is a stock suitable for a long-term investment perspective."