Netmarble Past Earnings Performance
Past criteria checks 4/6
Netmarble has been growing earnings at an average annual rate of 6%, while the Entertainment industry saw earnings growing at 1.1% annually. Revenues have been growing at an average rate of 2.1% per year. Netmarble's return on equity is 6.2%, and it has net margins of 12.5%.
Key information
6.00%
Earnings growth rate
5.98%
EPS growth rate
| Entertainment Industry Growth | 12.56% |
| Revenue growth rate | 2.14% |
| Return on equity | 6.22% |
| Net Margin | 12.54% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Analysis Article • Mar 27
We Think Netmarble's (KRX:251270) Robust Earnings Are Conservative
Investors were underwhelmed by the solid earnings posted by Netmarble Corporation ( KRX:251270 ) recently. We have done...Analysis Article • Aug 24
Netmarble's (KRX:251270) Solid Earnings Have Been Accounted For Conservatively
Netmarble Corporation's ( KRX:251270 ) recent earnings report didn't offer any surprises, with the shares unchanged...Recent updates
Narrative Update • Jun 01
A251270: Share Buybacks And New Game Updates Will Support Bullish Outlook
Analysts have kept their ₩93,000 price target unchanged for Netmarble, citing updated assumptions that now reflect a slightly lower discount rate, more modest revenue growth, a higher profit margin, and a slightly higher future P/E multiple. What's in the News Netmarble rolled out a major update to its dark fantasy MMORPG RAVEN2, adding the new Warlord class, expanding the Tower of Chaos to 50F, and launching a Grand Festival event with Ultimate and Special Coupons and access to a new Legendary Familiar.
Narrative Update • May 02
A251270: Share Buybacks And New Game Launches Will Support Future Upside
Analysts have trimmed their price target on Netmarble slightly to around ₩71,800, reflecting updated assumptions that now combine higher expected revenue growth with a lower profit margin outlook and a higher future P/E multiple. What's in the News The board authorizes a share buyback plan dated March 25, 2026, giving management the ability to repurchase shares under an approved program (Key Developments).Narrative Update • Apr 18
A251270: Share Buybacks And New RPG Releases Will Support Bullish Outlook
Analysts are keeping their Netmarble price target steady at ₩93,000, highlighting updated assumptions for higher revenue growth, a lower profit margin, and a higher future P/E as key factors behind the unchanged view. What's in the News The Board of Directors authorized a share buyback plan on March 25, 2026, signaling an intention to repurchase shares over a defined period (Key Developments).Narrative Update • Apr 04
A251270: Share Buybacks And New RPG Releases Will Support Future Margins
Analysts have nudged their price target on Netmarble higher to about ₩71,900 from roughly ₩71,500, citing updated assumptions that combine a slightly lower discount rate and a modestly stronger profit margin outlook with more conservative revenue growth and a marginally lower future P/E. What's in the News The Board of Directors authorized a share repurchase plan with up to ₩82,800 million to be bought back under a contract with KB Securities, valid through June 25, 2026.Analysis Article • Mar 27
We Think Netmarble's (KRX:251270) Robust Earnings Are Conservative
Investors were underwhelmed by the solid earnings posted by Netmarble Corporation ( KRX:251270 ) recently. We have done...
Narrative Update • Mar 20
A251270: New RPG Launches And Dividend Will Offset Margin And P/E Headwinds
Analysts have raised their fair value estimate for Netmarble from ₩45,260 to ₩48,324. This reflects updated assumptions around revenue trends, profit margins and a lower anticipated future P/E, along with the application of a slightly higher discount rate.Narrative Update • Mar 06
A251270: New RPG Pipeline And Dividend Policy Will Support Stronger Margins
Analysts have inched up their price target on Netmarble from about ₩70,900 to roughly ₩71,500, citing updated assumptions that include slightly higher fair value, a modestly adjusted discount rate, lower revenue growth expectations, stronger profit margin forecasts, and a marginally lower future P/E multiple. What's in the News Global launch of mobile idle RPG StoneAge Idle Adventure, based on the StoneAge IP with more than 200 million players, featuring simplified systems, strategic decks of up to six Trainers and 18 Pets, and multiple PvE and PvP modes.Narrative Update • Feb 20
A251270: Future RPG Launch And Higher Margins Will Support Bullish Outlook
Analysts have trimmed their price target on Netmarble from ₩95,000 to ₩93,000, reflecting updated assumptions that combine more moderate revenue growth with higher projected profit margins and a slightly lower forward P/E multiple. What's in the News Netmarble set the official launch schedule for its open world RPG The Seven deadly Sins: Origin, with early access for PlayStation®?5 and Steam players from March 16, 2026 and a full cross platform launch, including mobile, on March 23, 2026 (Key Developments).Narrative Update • Feb 06
A251270: New Class Excitement Will Conceal Weakening Earnings Power Ahead
Analysts have trimmed their price target for Netmarble slightly to ₩45,260 from about ₩45,482, pointing to updated assumptions around discount rates, revenue trends, profit margins, and future P/E expectations. What's in the News Netmarble rolled out a new update for its dark fantasy MMORPG Raven2, adding the long range Gunslinger class that uses revolvers and shotguns, with a focus on fast movement and stylish combat mechanics (Key Developments).Analysis Article • Jan 28
We Think Netmarble (KRX:251270) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Jan 23
A251270: Content Update Excitement Will Mask Weakening Earnings Power Ahead
Analysts have nudged their fair value estimate for Netmarble from ₩45,000 to about ₩45,482, citing slightly adjusted assumptions for discount rates, profit margins, revenue growth, and future P/E as the drivers of this update. What's in the News Netmarble released a major content update for its brutal dark fantasy MMORPG Raven2, centered on the new Gunslinger class, described as a stylish long range DPS using revolvers and shotguns (Key Developments).Analysis Article • Jan 13
Here's Why Netmarble (KRX:251270) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Jan 09
A251270: Future MMO Launch Momentum Will Support A More Resilient Earnings Profile
Analysts have lifted their fair value estimate for Netmarble from ₩34,240 to ₩45,000, citing slightly softer expected revenue growth, a modestly stronger profit margin profile, and a higher assumed future P/E multiple as the key factors behind the updated price target. What's in the News Netmarble officially launched its brutal dark fantasy MMORPG Raven2 globally on mobile and PC, covering 150 countries across North America, Southeast Asia & Oceania, and Europe with support for 16 languages.Analysis Article • Dec 25
Netmarble Corporation (KRX:251270) Shares Could Be 47% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Netmarble fair value estimate is ₩92,908 Netmarble is...Narrative Update • Dec 25
A251270 Outlook Will Be Driven By Expanding Global MMORPG Engagement
Analysts have raised their price target for Netmarble from 91,000 KRW to 95,000 KRW, reflecting renewed confidence that the company can justify a higher future earnings multiple despite more conservative assumptions for revenue growth and profit margins. What's in the News Global launch of dark fantasy MMORPG Raven2 on mobile and PC, available in 150 countries and 16 languages, with large-scale guild battles and launch events offering Crystal rewards (Key Developments) Pre-launch campaign for Raven2, including pre-download access and a regional server structure across North America, Southeast Asia and Oceania, and Europe, plus exclusive rewards for pre-registered players (Key Developments) Raven2 update adding the Gunslinger class, a new long range DPS option, alongside limited-time growth support rewards, check-in bonuses, and special missions aimed at boosting engagement (Key Developments) Ongoing in-game events for Raven2, such as Crystal ranking contests, tax fund distributions via guild activity, and progression-based equipment rewards designed to accelerate early player growth (Key Developments) Valuation Changes Fair Value: The target price has risen moderately from ₩91,000 to ₩95,000, implying a higher valuation despite more conservative operating assumptions.Narrative Update • Dec 11
A251270: Global Game Launches Will Drive Stronger Margins And Earnings
Narrative Update on Netmarble Analysts have modestly raised their price target on Netmarble, lifting fair value by approximately ₩90 to ₩70,917. They cite slightly stronger expectations for revenue growth, profit margins, and valuation multiples, despite a marginally higher discount rate.Analysis Article • Dec 01
Investors Still Waiting For A Pull Back In Netmarble Corporation (KRX:251270)
With a price-to-earnings (or "P/E") ratio of 41x Netmarble Corporation ( KRX:251270 ) may be sending very bearish...Narrative Update • Nov 27
A251270: Major Global Update Will Drive Improved Profitability This Year
Narrative Update on Netmarble: Analyst Price Target Revision Analysts have modestly raised their fair value estimate for Netmarble to ₩70,826 from ₩70,391. This revision is attributed to improved profit margin expectations, even as projected revenue growth has been slightly reduced.Narrative Update • Nov 13
A251270: Global Game Launches Are Expected To Drive Stronger Performance
Analysts have raised their fair value estimate for Netmarble from ₩69,090.91 to ₩70,391.30. This change reflects updated expectations around projected revenue growth and profitability.Narrative Update • Oct 29
Upcoming Game Launches Will Drive Substantial Global Expansion This Year
Narrative Update: Netmarble Analyst Price Target Revised Upward Analysts have raised Netmarble's fair value estimate from ₩67,476 to ₩69,090. This revision is attributed to slightly improved revenue growth expectations, even though there is a marginal decline in the projected profit margin.Analysis Article • Oct 29
Should You Investigate Netmarble Corporation (KRX:251270) At ₩56,100?
Netmarble Corporation ( KRX:251270 ), is not the largest company out there, but it saw significant share price movement...Analysis Article • Sep 24
Is Netmarble Corporation (KRX:251270) Trading At A 34% Discount?
Key Insights The projected fair value for Netmarble is ₩98,387 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Aug 24
Netmarble's (KRX:251270) Solid Earnings Have Been Accounted For Conservatively
Netmarble Corporation's ( KRX:251270 ) recent earnings report didn't offer any surprises, with the shares unchanged...Analysis Article • Aug 21
Netmarble Corporation's (KRX:251270) Shares May Have Run Too Fast Too Soon
KOSE:A251270 1 Year Share Price vs Fair Value Explore Netmarble's Fair Values from the Community and select yours There...Narrative Update • Aug 10
High-Speed Internet And New Games Will Expand Global Audience
The upward revision in Netmarble’s consensus price target reflects improved profitability, as seen in the significant rise in net profit margin, alongside a more attractive valuation with a reduced forward P/E multiple, leading to a new fair value of ₩66,048. What's in the News Netmarble has opened global pre-registrations for StoneAge: Pet World, a new mobile RPG based on the popular Stone Age IP.Analysis Article • Jul 21
Is Netmarble (KRX:251270) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jun 17
A Look At The Fair Value Of Netmarble Corporation (KRX:251270)
Key Insights Netmarble's estimated fair value is ₩57,329 based on 2 Stage Free Cash Flow to Equity Current share price...Analysis Article • May 13
Netmarble Corporation's (KRX:251270) Shares Climb 26% But Its Business Is Yet to Catch Up
Netmarble Corporation ( KRX:251270 ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Apr 18
Is Now The Time To Look At Buying Netmarble Corporation (KRX:251270)?
Netmarble Corporation ( KRX:251270 ), might not be a large cap stock, but it saw a double-digit share price rise of...Analysis Article • Mar 26
Some Shareholders Feeling Restless Over Netmarble Corporation's (KRX:251270) P/S Ratio
With a median price-to-sales (or "P/S") ratio of close to 1.8x in the Entertainment industry in Korea, you could be...Analysis Article • Jan 20
These 4 Measures Indicate That Netmarble (KRX:251270) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Narrative • Jan 19
Upcoming Game Releases Will Tap New Markets Through PC And Console Expansion
Expansion into new platforms and genres aims to unlock new revenue streams by tapping into broader markets.Analysis Article • Dec 12
Revenues Not Telling The Story For Netmarble Corporation (KRX:251270)
It's not a stretch to say that Netmarble Corporation's ( KRX:251270 ) price-to-sales (or "P/S") ratio of 1.7x right now...Analysis Article • Nov 24
Shareholders Will Be Pleased With The Quality of Netmarble's (KRX:251270) Earnings
The subdued stock price reaction suggests that Netmarble Corporation's ( KRX:251270 ) strong earnings didn't offer any...Analysis Article • Nov 04
Netmarble Corporation's (KRX:251270) Intrinsic Value Is Potentially 28% Above Its Share Price
Key Insights The projected fair value for Netmarble is ₩71,886 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Oct 16
We Think Netmarble (KRX:251270) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 28
Why Netmarble Corporation (KRX:251270) Could Be Worth Watching
Netmarble Corporation ( KRX:251270 ), is not the largest company out there, but it saw a decent share price growth of...Analysis Article • Aug 03
Estimating The Fair Value Of Netmarble Corporation (KRX:251270)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Netmarble fair value estimate is ₩65,511 Netmarble's ₩64,600...Analysis Article • Jul 14
Is Netmarble (KRX:251270) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jun 26
Why Netmarble Corporation (KRX:251270) Could Be Worth Watching
Netmarble Corporation ( KRX:251270 ), might not be a large cap stock, but it saw significant share price movement...Analysis Article • Jun 08
The Price Is Right For Netmarble Corporation (KRX:251270)
There wouldn't be many who think Netmarble Corporation's ( KRX:251270 ) price-to-sales (or "P/S") ratio of 2x is worth...Analysis Article • Apr 05
Does Netmarble (KRX:251270) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Mar 19
Are Netmarble Corporation (KRX:251270) Investors Paying Above The Intrinsic Value?
Key Insights Netmarble's estimated fair value is ₩47,189 based on 2 Stage Free Cash Flow to Equity Netmarble's ₩60,300...Analysis Article • Feb 28
Should You Investigate Netmarble Corporation (KRX:251270) At ₩66,800?
While Netmarble Corporation ( KRX:251270 ) might not have the largest market cap around , it saw a significant share...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Netmarble makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,862,924 | 359,130 | 2,379,003 | 74 |
| 31 Dec 25 | 2,835,074 | 225,033 | 2,354,337 | 84 |
| 30 Sep 25 | 2,686,472 | 107,560 | 2,274,462 | 57 |
| 30 Jun 25 | 2,637,828 | 92,512 | 2,243,821 | 28 |
| 31 Mar 25 | 2,702,273 | 101,644 | 2,293,005 | 21 |
| 31 Dec 24 | 2,663,783 | 25,640 | 2,291,428 | 22 |
| 30 Sep 24 | 2,680,340 | 19,639 | 2,325,862 | -849 |
| 30 Jun 24 | 2,663,590 | -21,758 | 2,385,600 | -518 |
| 31 Mar 24 | 2,484,832 | -218,380 | 2,362,374 | 33 |
| 31 Dec 23 | 2,502,056 | -255,671 | 2,404,593 | 30 |
| 30 Sep 23 | 2,523,369 | -496,415 | 2,446,514 | 896 |
| 30 Jun 23 | 2,587,286 | -722,647 | 2,518,564 | 566 |
| 31 Mar 23 | 2,644,548 | -813,856 | 2,545,491 | 59 |
| 31 Dec 22 | 2,673,408 | -819,182 | 2,557,322 | 67 |
| 30 Sep 22 | 2,738,815 | -298,597 | 2,554,355 | 80 |
| 30 Jun 22 | 2,651,412 | -23,287 | 2,427,353 | 93 |
| 31 Mar 22 | 2,568,005 | 140,778 | 2,324,269 | 79 |
| 31 Dec 21 | 2,506,906 | 240,244 | 2,217,237 | 82 |
| 30 Sep 21 | 2,378,473 | 232,315 | 2,081,153 | 58 |
| 30 Jun 21 | 2,413,682 | 285,914 | 2,058,572 | 94 |
| 31 Mar 21 | 2,522,206 | 315,510 | 2,098,806 | 106 |
| 31 Dec 20 | 2,484,765 | 312,951 | 2,093,320 | 163 |
| 30 Sep 20 | 2,415,902 | 211,744 | 2,054,328 | 295 |
| 30 Jun 20 | 2,393,481 | 207,264 | 2,028,795 | 252 |
| 31 Mar 20 | 2,233,968 | 170,485 | 1,916,632 | 229 |
| 31 Dec 19 | 2,178,678 | 155,983 | 1,849,378 | 157 |
| 30 Sep 19 | 2,110,784 | 170,775 | 1,798,108 | 184 |
| 30 Jun 19 | 2,016,898 | 135,770 | 1,735,172 | 175 |
| 31 Mar 19 | 1,991,559 | 155,111 | 1,692,716 | 220 |
| 31 Dec 18 | 2,021,273 | 189,619 | 1,691,611 | 158 |
| 30 Sep 18 | 2,149,961 | 211,268 | 1,777,756 | 36 |
| 30 Jun 18 | 2,205,670 | 241,355 | 1,799,571 | 52 |
| 31 Mar 18 | 2,244,920 | 253,622 | 1,799,712 | -6 |
| 31 Dec 17 | 2,424,755 | 309,809 | 1,859,114 | 63 |
| 30 Sep 17 | 2,271,937 | 346,508 | 1,688,443 | 57 |
| 30 Jun 17 | 2,049,275 | 312,119 | 1,516,025 | 56 |
| 31 Mar 17 | 1,848,190 | 273,003 | 1,370,350 | 117 |
| 31 Dec 16 | 1,500,016 | 173,984 | 1,171,676 | 174 |
| 31 Dec 15 | 1,072,921 | 120,538 | 240,148 | 8,939 |
Quality Earnings: A251270 has a large one-off loss of ₩133.3B impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: A251270's current net profit margins (12.5%) are higher than last year (3.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A251270's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: A251270's earnings growth over the past year (253.3%) exceeds its 5-year average (6% per year).
Earnings vs Industry: A251270 earnings growth over the past year (253.3%) exceeded the Entertainment industry -7.6%.
Return on Equity
High ROE: A251270's Return on Equity (6.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 12:19 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Netmarble Corporation is covered by 32 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Susie Lee | BofA Global Research |
| Jinhan Chun | BofA Global Research |
| Joshua Kim | CGS International |