According to Dr. Serkan Toto, GungHo’s stock grew 15 percent in a single day, putting its market cap at around $9 billion. This was spurred by the English version of Puzzle & Dragons on Android and the announcements of a DS version of the game and a new mobile spin-off titled Puzzle & Dragons Challenge.
The Japanese market analyst notes that GungHo’s net worth is now greater than DeNA at $4.3 billion, GREE at $3 billion and Zynga at $2.6 billion. The popular Puzzle & Dragons has over 12 million users and generates between $62-86 million per month.
“With $9 billion, GungHo’s market cap exceeds that of national airline ANA, Daihatsu, Mitsubishi Motors, Sanyo Electric, NEC, or Sharp: that’s what one successful smartphone game (a potential new billion dollar franchise) can trigger on the Japanese market,” writes Toto.
Source: SerkanToto.com
