Studio Dragon Second Quarter 2024 Earnings: EPS: ₩273 (vs ₩339 in 2Q 2023)

Studio Dragon (KOSDAQ:253450) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩137.1b (down 16% from 2Q 2023).
• Net income: ₩8.20b (down 20% from 2Q 2023).
• Profit margin: 6.0% (down from 6.2% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: ₩273 (down from ₩339 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Studio Dragon Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea.

Performance of the South Korean Entertainment industry.

The company's shares are down 2.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Studio Dragon's balance sheet health.

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