Netmarble Corporation — Cyborg Score 5/10

Mixed
Entertainment Software / Mobile Gaming

Strategic Profile

With the rapid growth of mobile gaming, Netmarble has positioned itself as a key player in the mobile game development sector, offering a broad spectrum of mobile games, ranging from casual to RPGs. Netmarble has strategic partnerships with CJ E&M Corporation, Tencent Holdings, and NCsoft.

Cyborg Score Rationale

Recent earnings reports have significantly missed consensus estimates, falling short by -330.66% on the last report and averaging -220.44% below expectations over three reports. The company maintains a solid market position but faces execution challenges in current market conditions.

Top Insights

  • Recent quarterly earnings of 472.35 KRW per share fell 44.2% short of the 846.57 KRW estimate.
  • Stock has declined 6.60% over the past year despite modest recent recovery.
  • Portfolio includes successful franchises such as MARVEL Future Fight, Seven Knights, and Raven.
  • Company operates ancillary revenue streams including real estate leasing business.

Named Competitors

  • Honor of Kings — Leading mobile MOBA in Asia
  • Lineage Eternal — Major MMO competitor in Asia
  • Puzzle Quest — Global casual gaming franchise
  • Kakao Games Portfolio — Regional Korean gaming competitor

Recent Developments

  • (Feb 2026) Earnings miss with 472.35 KRW EPS vs. 846.57 KRW estimate
  • (Feb 2026) Next quarterly earnings estimated at 610.00 KRW per share
  • (Dec 2025) Stock price at 48,350 KRW with 752 employees on staff

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