Pearl Abyss(263750) is down 8% on the 12th after lowering its outlook for a connected-earnings forecast.
As of 9:11 a.m. that day, Pearl Abyss was trading on the KOSDAQ market at 32,100 won, down 4,800 won (13.01%) from the previous trading day.
Pearl Abyss lowered its 2026 management target guidance in a filing the previous day. It cut this year's annual revenue from the previous 879 billion–975.4 billion won to 709.8 billion–743.8 billion won, and operating profit from 487.6 billion–572.6 billion won to 315.5 billion–345.2 billion won.
Pearl Abyss said, "In the second quarter, 'Crimson Desert' saw its estimated average selling price (ASP) decline from the previous quarter as the share of channels that recognize a certain portion of the sales amount as revenue increased," and added, "We adjusted the guidance to reflect the timing difference in recognizing revenue from physical package sales of 'Crimson Desert' and the revenue deferral effect related to refund guarantees."
Jung Eui-hoon, an analyst at Eugene Investment & Securities, said, "Sales volume was not bad, but factors underperforming market expectations—such as an ASP decline due to changes in the distribution channel mix, deferred revenue recognition for physical packages, and a slowdown in sales pace as the launch effect fades—are inevitable for second-half results," lowering the target price from 70,000 won to 50,000 won.