Krafton Net Worth in 2022: On its market debut on Tuesday, Krafton, the South Korean company behind the blockbuster video game PlayerUnknown’s Battlegrounds (PUBG), fell as much as 20% from its IPO price. According to an online publication, Krafton is the first significant South Korean launching whose shares have failed to move above the initial public offering (IPO) price on debut since a surge in flotations last year.
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Curiosity among Players for Net worth of Krafton
And some of you, actually everyone wants to know that, the game that is played by more than a billion people, then what night be the earning of that company. And in this article, I will be telling you all about that. So that your heart gets delightment. Following the success of PlayerUnknown’s Battlegrounds, which resulted in Tencent Holdings’ investment as well as the growth and purchase of studios, Bluehole decided to form Krafton on November 5, 2018, to act as a holding company for its video game properties.
The term “Krafton” was chosen from the names of Middle Ages artisan guilds. Kim Chang-Han, the CEO of the PUBG Corporation (now PUBG Studios), the company that created PlayerUnknown’s Battlegrounds, has been named Krafton’s CEO.
Krafton Net Worth
In the early session, the stock was last trading at 444,000 Korean Won (KRW), or about Rs 28,720, down 11% from the IPO price of KRW 498,000, or roughly Rs 32,220, valuing the firm at around $18.9 billion, or roughly Rs 1,40,580 crore.
In the January-March quarter, Krafton got 87 percent of its income from Asia, excluding South Korea, with a substantial amount of that coming from sales in China handled by Tencent, according to experts. “Tencent appears to account for almost 70% of sales.” China has already expressed its displeasure with (Tencent’s) ‘Honor of Kings.’ If they also seek adjustments for ‘Peacekeeper Elite,’ it would be a negative, maybe a very substantial negative,” according to LightStream Research analyst Mio Kato, as quoted by Reuters.
Analysts were also reported by the news agency as saying that the shares’ decline might be due to high valuations and China regulatory worries. PUBG generates a significant percentage of Krafton’s income.
Frequently Asked Questions
Q1. How much is PUBG worth?
Ans. PUBG was once again the best-selling premium game in 2018, with sales reaching $1.028 billion. In addition, PUBG Mobile, a free-to-play mobile battle royale game, became the first to generate over $1 billion in 2019, with over $1.5 billion in revenue.
Q2. Is Krafton owned by Tencent?
Ans. Shenzhen-based In 2017, Tencent paid an unknown sum to purchase a stake in Krafton. According to recent regulatory filings, Image Frame Investment, a Tencent subsidiary, owns a 13.6 percent interest in Krafton, making it the company’s second-largest stakeholder behind founder and chairman Chang Byung-gyu.
Q3. Who is the owner of Krafton?
Ans. Krafton’s founder, Chang Byung-gyu. As his firm made its stock market debut on Tuesday, Chang Byung-gyu, the creator of South Korean online game producer Krafton, saw his net worth more than triple to $2.9 billion.
Q4. Who is the PUBG CEO?
Ans. Brendan Greene, the developer of Playerunknown Battlegrounds, has announced that he is leaving Krafton to launch his own development firm, Playerunknown Productions, in Amsterdam, the Netherlands. In the new partnership, KRAFTON will have minority ownership.
Q5. How much does PUBG earn in a month?
Ans. PUBG Mobile grossed $270 million each month in revenue in March 2020, when the world plunged into its first lockdown.
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