In today’s briefing:
- DearU’ Bubble + NCsoft’s Universe = The Largest K-Pop Fandom Platform in Korea
DearU’ Bubble + NCsoft’s Universe = The Largest K-Pop Fandom Platform in Korea
- DearU’s acquisition of NCSoft’s Universe K-Pop fandom platform will expand DearU Bubble’s number one position in the K-Pop fandom platform in Korea.
- The sale of Universe by NCSoft is a win-win situation for both DearU and NCsoft.
- Applying a 25x P/E to an estimated net profit of 50 billion won in 2024 would suggest an market cap of 1.25 trillion won for DearU, representing a 52% upside.
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