Kakao Games stock faces a 35 percent revenue slide after Me2on deal

Published on 09/30/2026 at 07:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kakao Games stock is tied to a KRW 75.0 billion Q2 2026 revenue figure. The company is pursuing control of Me2on through a 39.56 percent stake.

Kakao Games, KR7293490009, Illustration mit AI erstellt.

Kakao Games (ISIN KR7293490009) reported KRW 75.0 billion in Q2 2026 revenue, down 35 percent year over year, while a new Me2on transaction points to a broader portfolio shift. The company approved the deal on September 15, 2026, making overseas expansion and recurring profitability central to the investment case.

Revenue pressure stays visible

According to Quartr in its September 11, 2026 Q2 summary, consolidated first-half revenue was KRW 157.9 billion, compared with KRW 465.0 billion in the first half of 2025. That comparison shows the scale of the reset more clearly than the quarterly figure alone.

The same Q2 summary reported a KRW 23.0 billion operating loss for the quarter and a KRW 48.5 billion operating loss for the first half of 2026. Mobile game revenue fell 48 percent year over year to KRW 52.7 billion, while PC game revenue reached KRW 22.3 billion and increased KRW 7.5 billion from the prior year.

Me2on adds a new profit route

Inven Global reported on September 15, 2026, that Kakao Games approved the purchase of a 39.56 percent stake in ME2ON for KRW 98 billion. The transaction would make Kakao Games the largest shareholder and secure control of a company focused on social casino, casual games and mind sports.

ME2ON generated KRW 120.9 billion in 2025 revenue and KRW 12.6 billion in operating profit, according to the same Inven Global report. That earnings profile contrasts with Kakao Games' current losses and gives the deal a concrete profitability rationale, although execution and integration remain material variables.

KOSDAQ value reflects the reset

On September 30, 2026, Kakao Games was valued at KRW 991.1 billion by market capitalization. Its primary listing is KOSDAQ, where ticker 293490 was quoted at KRW 9,360.00 at 2:05 p.m. KST, versus a previous close of KRW 9,520.00.

Investing.com identifies Kakao Games as a KOSDAQ-listed company with ISIN KR7293490009 and places it in the Technology sector and Software and IT Services industry. The stock's valuation therefore reflects both the 35 percent Q2 revenue decline and the prospect that new assets and game launches can rebuild earnings.