![]() Advertising costs expanded to W10.8bn (-17.1% y-y, +31.8% q-q) on higher offline marketing expenditure. Labor costs upped to W50.6bn (+10.4% y-y, +15.9% q-q) in 2Q22, with the firm booking W8.0bn in one-off expenses for employees. ![]() Looking ahead, sales growth should restore upon the release of new games. However, its mobile game sales continued on a decline, dropping to W19.7bn (-10.0% q-q). The company’s sales grew in 2Q22 in line with direct service conversion in the South American market. Following last year, one-time labor costs (incentive payments) were booked in the company’s 2Q22 figures, dragging it down into the red. DokeV is an upcoming creature-collecting open world action-adventure from Pearl Abyss filled with intriguing stories and set in a unique, vibrant world. Pearl Abyss announced consolidated 2Q22 sales of W94.0bn (+6.2% y-y, +2.8% q-q) and operating losses of W4.2bn (RR y-y, TTL q-q), with operating income missing both estimate of W6.7bn and consensus of W8.0bn. Today marks the beginning of the new Spring Season, with faster progression for all players Jump into the season on Maegu, the newest class in Black Desert Read all about the update here: bit.ly/3KyENL4. Expectations for global success are high, but share price momentum is to be tepid in 2H22 given the lengthy time left before the game’s launch. However, annual OP should recover to W195.1bn in line with the launch of new games in 2023.Īdditional information on the Crimson Desert is to be released within this year. The subreddit for the PC MMORPG Black Desert, developed by Pearl Abyss. With short-term earnings deterioration looking inevitable, we see 2022 sales of W376.2bn (-6.8% y-y) and OP of W7.1bn (-83.5% y-y). Gamenet and Pearl Abyss (now Daum own most of their rights) promised us 2 types. Now expecting Crimson Desert to be rolled out in 2Q23 (previous assumption: 4Q22), we trim down our related sales projections. The official Twitter account of DokeV, an upcoming creature-collecting open world action-adventure by Pearl Abyss. With the release of Crimson Desert having been delayed until next year, the cut in our TP stems from a lack of short-term growth drivers and downward adjustments to our top-line forecasts. 2 days ago &0183 &32 Pearl Abyss ha mostrato Crimson Desert per la prima volta nel 2019, e ha condiviso il primo trailer del gameplay lanno successivo, durante i TGA 2020. Lowering our TP from W70,000 to W60,000, we downgrade our investment rating on Pearl Abyss from Buy to Hold. Established in 2010, Pearl Abyss has since. Crimson Desert launch pushed back to 2Q23 Best known for the MMORPG franchise Black Desert, Pearl Abyss is a leading developer in the game industry.
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