Krafton Rising: Surging Profits and Strategic Expansion Across Asia

South Korean gaming giant Krafton is making significant strides in the Indian and global gaming markets, unveiling a series of major developments alongside its impressive financial results for the second quarter of 2024. The company reported record-breaking revenue and operating profits for the first half of the year, underscoring its robust performance.

In Q2 2024, Krafton reported revenue of approximately $515.53 million, bringing its first-half (H1) performance to $1.002 billion. This represents an 82.63% increase from Q2 2023 and a 48.28% rise from H1 2023. The consecutive quarters of Q1 and Q2 2024 marked record-high sales, showcasing the company's upward trajectory.

Krafton's earnings before interest, taxes, depreciation, and amortization (EBITDA) saw significant growth in H1 2024, reaching $506.91 million, up approximately 48.61% from $341.13 million in H1 2023. The company also set a new record for operating profits in the first half of 2024, with approximately $468.63 million earned, marking a 55.08% increase from H1 2023. Notably, Krafton's operating profits in the first half of 2024 have already achieved 83.64% of the total annual operating profit for 2023.