GungHo stock drops 25 percent despite $238 million operating profit in Q3

Thursday, 31 October 2013 15:27 GMT By Phil Owen

Thanks in no small part to mobile phenomenon Puzzles & Dragons, GungHo has a pretty absurd operating profit margin — 57 percent or so this past quarter. But with revenue and profits down 5 percent and 12 percent, respectively, quarter over quarter, the companies price fell sharply this week.

Since the reveal of the numbers, the stock price in Japan fell from ¥80,000 down to ¥60,000. Meanwhile, GungHo recently purchased a controlling stake in the studio behind the other current huge mobile title Clash of Clans.

via GamesIndustry

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Latest