1. South Korea Stocks

  2. •

    Technology services

  3. •

    Packaged software
ME2ON CO. LTD

ME2ON CO. LTD

KKRX:201490
2,815.00
KRW
-60.00
(-2.09%)
136.87EPS
54.17P/E
65.09BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,761.95
693.51
889.08
3,174.4
3,807.02
4,180.85
3,510.62
3,584.03
3,488.94
3,080.23
3,914.84
3,852.51
Basic EPS, GAAP
1,140
126
82
345
356
333
293.05
277
249
18
25
36.87
Free Cash Flow per Basic Share
1,057.13
67.15
55.98
928.11
1,505.58
1,009.6
959.33
984.11
514.21
655.96
625.22
616.68
Dividend per Share
- -
- -
- -
- -
746.11
321.34
352.05
449.89
17.94
162.64
101.9
- -
Book Value per Share
516.47
1,510.48
1,818.57
2,219.19
2,251.75
3,027.02
3,261.84
3,871.93
4,191.08
4,828.23
4,587.66
5,070.02
Tangible Book Value per Share
410.45
1,416.35
-1,158.67
-667.48
-569.69
356.56
421.06
364.31
-479.28
13.72
621.79
942.59
Basic Weighted Avg Shares
4
25
31
31
31
31
31
31
31
31
31
32
Sales/Revenue/Turnover
16,795
17,043
27,210
98,772
119,101
130,705
109,734
112,012
108,995
94,316
120,924
123,483
Operating Margin (%)
33.49
17.81
10.72
29.85
33.97
34.12
31.45
24.13
20.3
12.52
10.43
12.14
Depreciation Expense
440
461
604
2,516
4,403
4,611
5,274
5,416
5,619
6,951
6,555
6,631
Net Income, GAAP
5,090
3,096
2,510
10,735
11,137
10,410
9,160
8,657
7,779
551
772
1,182
Effective Tax Rate (%)
12.26
0.44
- -
16.28
19.53
22.77
20.27
17.63
21.99
39.68
35.14
40.33
Profit Margin (%)
30.3
18.17
9.22
10.87
9.35
7.96
8.35
7.73
7.14
0.58
0.64
0.96
Working Capital
11,061
37,155
12,883
14,441
7,972
79,709
75,343
67,159
59,555
75,388
88,933
99,119
LT Debt
- -
- -
23,053
289
3,774
2,463
1,983
270
1,045
14,225
4,294
4,130
Total Equity
15,474
45,505
65,520
91,305
98,763
165,137
175,409
189,652
225,758
239,815
242,151
259,080
Return on Invested Capital (%)
- -
9.74
- -
22.97
24.36
19.77
13.26
10.55
7.53
2.8
3.19
3.5
Return on Capital (%)
- -
10.13
- -
-0.37
-3.04
-4
-2.71
-0.64
-0.55
-0.95
-0.72
-0.81
Return on Common Equity (%)
- -
10.16
4.93
17.07
15.94
12.62
9.32
7.76
6.17
0.4
0.52
0.78

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,382
6,535
1,982
LT Borrowings
- -
- -
- -
LT Finance Leases
4,294
4,101
4,130
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
117,664
92,566
65,090

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
105,435
114,770
110,205
Cash, Cash Equivalents & STI
91,103
98,117
94,319
Accounts Receivable, Net
7,930
9,557
10,333
Inventories
1,069
1,111
1,192
Total Current Liabilities
16,502
19,850
11,086
Payables & Accruals
- -
- -
- -
ST Debt
6,382
6,535
1,982
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
39.34%
8.12%
0.97%
Free Cash Flow
152.54%
-5.8%
-3.85%
Net Income, GAAP
18.64%
-16.09%
40.11%
Sales/Revenue/Turnover
35.25%
-0.38%
28.21%
Total Cash Common Dividend
- -
138.66%
-36.79%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25,417
24,558
22,155
22,186
94,316
2025
23,009
22,340
22,715
52,860
120,924
2026
23,056
24,851
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
59
57
34
-135.73
18
2025
61
40
30.2
-98.55
25
2026
41.56
65
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
162.64
2025
- -
- -
- -
- -
101.9
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chang-Wook Son
Full Time Employees
42
Sector
Technology services
Industry
Packaged software
Address
Seoul South Korea
IPO Date
Oct 7, 2016
Website
me2on.com
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Business
ME2ON CO., LTD. is a South Korea-based digital entertainment and gaming company specializing in the development, publishing, and servicing of mobile and online social casino and casual games. Founded in 2010 and headquartered in Seoul, South Korea, the company operates across two primary business divisions: Game Development and Publishing, and Comprehensive Media Entertainment. Its core gaming portfolio comprises social casino titles, casual card games, mind sports, and blockchain-integrated gaming applications, including: Full House Casino, a comprehensive mobile social casino platform featuring multi-player Vegas-style slots, baccarat, blackjack, roulette, and bingo; Fulpot Poker, a multi-platform online poker application offering Texas Hold'em, Omaha, and Open Face Chinese Poker with real-time tournament matchmaking; Classic Vegas Casino, providing classic slot simulations and progressive jackpots; Solitaire series titles, including Solitaire TriPeaks Journey, Solitaire Sea Life, and Solitaire FishWorld; and Web3-enabled titles such as Pocket Battles: NFT War and X Heroes: NFT War. ME2ON monetizes its digital gaming ecosystem through a free-to-play model supported by in-app purchases of virtual currency and in-game items, as well as in-game digital advertising. Through its key publicly traded subsidiary, Ghost Studio (formerly ME2ZEN), the company also produces and distributes diversified media content, including television dramas, webtoons, web novels, and artificial intelligence-driven consumer applications such as the BoriChat conversational platform. ME2ON distributes its products worldwide, serving consumer markets across North America, Europe, and Asia—including Hong Kong, Taiwan, Japan, and Southeast Asia—generating the vast majority of its gaming revenue outside South Korea. In recent major developments, Kakao Games entered into a definitive agreement in September 2026 to acquire a 39.56 percent controlling stake in ME2ON for approximately 98 billion KRW, establishing a major strategic alliance to accelerate global distribution, integrate casual gaming portfolios, and co-develop multimedia intellectual property. Additionally, the company has expanded its entertainment footprint by scaling Ghost Studio's drama and webtoon production pipelines, while advancing Web3 game launches and artificial intelligence content technologies.