Social casino company W. W. Games, 3Q operating profit decreased by 0.5%

W. Games maintained similar results as the previous year based on the achievements of existing social casinos. Therefore, it will develop new businesses such as P2E games and new businesses such as online casinos.

W. Games announced its 3Q results on the 9th. In the third quarter of this year, W. Games recorded consolidated sales of W160bn and operating profit of W47.9bn. Revenue increased 6.1% from the same period last year, and operating profit decreased by 0.5%.

In the third quarter, W. Games announced that the social casino game Double Down Casino and Double Occasion, which they served, have led sales. In the fourth quarter, we plan to update various contents in preparation for seasonal peak season.

In addition, the company's overseas sales accounted for 100%, and the recent influence of strong dollars also affected sales growth. In fact, it also reflected 20 billion won in operating revenue related to foreign currency such as dollar assets.

W. Games will accelerate the development of new businesses and new works. Recently, Spinning Space, P2E Game Double-Down Cash Bingo, Double-Down Cash Polite Tear has been tested.

In addition, the I-Gaming section, which is underway as a new business, has completed the certification of 10 kinds of slot contents developed in-house. Eye gaming is an online casino that can be able to bet and withdraw cash, unlike social casinos that are unable to withdraw cash. W. Game plans to complete 20 slot content certification by the end of this year.

In addition, Double Occasion 2.0, which combines casual game elements with existing double occasion, is being developed with the goal of launching in the first half of next year.

An official of W. Games said, We are planning to operate efficiently on stable social casino businesses and are doing our best to make visible results in investments such as new games, new businesses and mergers and acquisitions.