Com2uS Holdings posted a second-quarter net profit on investment gains. Revenue was 15.6 billion won...
The AMW Read
Incremental update on a known company; the AI platform expansion is a minor signal within the gaming segment rather than a structural shift.
Com2uS Holdings posted a second-quarter net profit on investment gains. Revenue was 15.6 billion won (~$11.6M), corporate operating loss was 5.3 billion won, and net profit was 7.7 billion won. The company's net profit swung to a positive figure due to the sale of a portion of its stake in crypto exchange Coinone, while operating losses narrowed from the first quarter but widened from a year earlier.
The company is focusing on new game releases and expanding AI-based game backend services. Its subsidiary Com2uS Platform added cloud customers and plans to launch an AI-powered game backend service called "Hive Axil" in the third quarter. The company expects cloud revenue in 2025 to grow more than 20-fold from 2024.
The company's core third-quarter release is the sci-fi MMORPG "Ares: The Iron Vanguard," which is in global soft launch. The company reported that 87.5% of surveyed users expressed positive intent to replay. The company also aims to expand PC and console titles in the second half. The company's current ratio remains low, with current liabilities at 222 billion won versus current assets of 61.4 billion won.