Netmarble stock fell 2.55 percent as earnings estimates softened

Published on 10/07/2026 at 00:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netmarble stock faced a lower third-quarter outlook on October 2, 2026, after Meritz cut its target from KRW 60,000 to KRW 54,000. Q2 revenue rose 4.4 percent to KRW 749 billion.

Netmarble, KR7251270005, Illustration mit AI erstellt.

Netmarble stock (ISIN KR7251270005) was last at KRW 34,450 on the Korea Exchange KOSPI on October 6, 2026, down 2.55 percent from the prior close. The immediate company catalyst is a softer third-quarter outlook, with analysts also lowering valuation assumptions for the South Korean mobile-game publisher.

Third-quarter forecasts move lower

According to Newspim on October 2, 2026, Meritz Securities initiated coverage with a Buy rating and a KRW 54,000 target. The target was cut from KRW 60,000, a 10.0 percent reduction from the previous level.

The same report projects third-quarter revenue of KRW 639 billion, down 8.2 percent year over year, and operating profit of KRW 78.6 billion, down 13.5 percent. Meritz attributed the weaker outlook to foreign-exchange effects and a valuation loss connected with HYBE, while describing the next phase as a period of restructuring.

Q2 showed stronger operating momentum

Netmarble's latest reported quarter was Q2 2026. ATS View reports revenue of KRW 749 billion, up 4.4 percent year over year, and operating profit of KRW 80.2 billion with a 10.7 percent operating margin.

That quarterly picture is more constructive than the third-quarter forecast: Q2 operating profit was KRW 80.2 billion, while the Meritz estimate for Q3 is KRW 78.6 billion. The comparison points to a near-term earnings slowdown even as Netmarble continues preparing new releases for the second half of 2026.

According to Buffett Lab on October 1, 2026, Hana Securities expects three new titles in the second half and maintained a KRW 50,000 target. Its Q3 forecast calls for revenue of KRW 695 billion and operating profit of KRW 70.7 billion.

Consensus remains above the market

Eulerpool, in data updated September 14, 2026, lists a Buy consensus from 31 analysts. The average target is KRW 71,003.33 and the median is KRW 74,460, with 22 Buy ratings, 5 Hold ratings and 4 Sell ratings.

The consensus sits well above the latest KOSPI quote, but the target dispersion reflects the central issue for Netmarble: the value of the upcoming game pipeline must offset the earnings pressure expected before those releases arrive. The market is therefore weighing near-term profit estimates against the timing and reception of new titles.

Netmarble stock stays near yearly low

Netmarble's KRW 34,450 quote on October 6, 2026, remained within a 52-week range of KRW 33,800 to KRW 59,400. The market capitalization was KRW 2.8 trillion and trading volume was 210,248 shares on the same date.

For investors, the key checkpoint is whether the company can turn its second-half releases into measurable revenue growth after the Q3 earnings reset. Netmarble stock ended the latest completed KOSPI session with its operating outlook, analyst targets and release schedule pulling in different directions.