Ncsoft (KRX:036570) First Quarter 2024 Results
Key Financial Results
- Revenue: ₩397.9b (down 17% from 1Q 2023).
- Net income: ₩57.2b (down 50% from 1Q 2023).
- Profit margin: 14% (down from 24% in 1Q 2023). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ncsoft Earnings Insights
Looking ahead, revenue is forecast to grow 11% 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 up 14% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Ncsoft that you need to take into consideration.
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About KOSE:A036570
Flawless balance sheet with moderate growth potential.
