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Global social casino game company Double U Games (CEO Kim Garam) announced an audit report on the 21st. Despite the slowdown in overall sales growth in the game industry last year, Double U Games drew attention as its net profit grew significantly.



According to the disclosure of the audit report, W Games recorded sales of 624.1 billion won and operating profit of 190.4 billion won last year.

This is a slight drop of 5% and 2% respectively compared to 2020, when the company achieved significant growth by benefiting from COVID-19.

Analysts say that the company did a good job unlike the market’s expectations at a time when its performance was expected to deteriorate significantly due to the spread of COVID-19 vaccines and re-opening (resumption of economic activities) last year.



On the other hand, net profit recorded a new record.

Last year, W Games achieved a net profit of 156.3 billion won, up 25% from the previous year.

The increase in net profit despite falling sales and increased marketing costs is attributed to the listing of its subsidiary DoubleDown Interactive (hereinafter referred to as DoubleDown) on NASDAQ last year.

This is the result of a significant drop in non-operating costs as most of the acquisition financial loans and financial investors’ investments that occurred during the double-down acquisition were resolved from the listing.