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← CockpitCompetitor Analysis › 192080.KS DoubleUGamesOpen in the cockpit ↗

DoubleUGames192080.KSCompetitor analysis, valuation and peers

South Korea · KRW·Communication Services›Packaged Software

Korean social-casino game publisher operating free-to-play slot/casino apps, majority owner of US-listed DoubleDown Interactive.

≈ A Korean-owned version of Playtika/DoubleDown — social casino apps monetized via in-app puMomentum strong 73
Mkt cap
$795M
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$1.93M
20-day average traded
Fwd P/E
5.7×
forward earnings
ROIC−WACC
+8.1 pp
WACC 5.6%
Hurdle
n/a
no reverse DCF
Next earnings
11 days
17 Nov 2026
Close · KRW₩55,000
1D-1.4%
1W+0.2%
1M-4.0%
3M-10.6%
6M-10.0%
YTD+4.9%
1Y+11.1%
ATR %3.3%
52w lowhigh28.1% off high

What DoubleUGames does

Korean social-casino game publisher operating free-to-play slot/casino apps, majority owner of US-listed DoubleDown Interactive.

Earns from sales of virtual chips and bonuses in free-to-play casino games that pay out no real money. Most revenue comes through the US-listed DoubleDown unit it bought from IGT, so the Korean parent is largely a holder of that business plus its own smaller game portfolio.

In one line: A Korean-owned version of Playtika/DoubleDown — social casino apps monetized via in-app pu.

Products and services

  • DoubleU Casino (social slots)
  • DoubleU Bingo
  • DoubleDown Interactive stake (US social casino)

Customers

  • global mobile/social-casino players (non-real-mone

Where it sits in the supply chain

  • Video games
  • Social casino gaming
  • DoubleU Casino/Bingo apps, majority…

What could go right

  • DoubleDown Interactive full-ownership consolidation
  • In-app purchase monetization growth

What could go wrong

  • Mature/declining social-casino user base
  • App-store platform fee/policy risk

Moat: narrow (brand, installed base). Long-run top-tier position in the niche social-casino app category, though the sector's user base is mature and slow-growing.

Headquarters: Seoul, South Korea · Founded: 2012 · Employees: 383

Named competitors

DoubleUGames at a glance

Size DoubleUGames (192080.KS) is a South Korea Communication Services company (Packaged Software) with a market value of $795M, the 267th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩55,000 on 6 Nov 2026.

Performance Over six months the shares fell 10.0%, against -9.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th lowest of 12 in its peer set.

Growth Revenue grew 24.5% over the last twelve months (peer median +16.0%); the operating margin is 32.6% (peer median 17.3%).

Valuation It trades at 5.7× forward earnings against a peer median of 14.8× (2nd cheapest of 11).

Capital Return on invested capital runs 8.1 points above its cost of capital (5.6% WACC).

Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 91192080.KS 90
Six months, rebased to 100: DoubleUGames against the median of its 11 peers (local-currency closes).

DoubleUGames financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩802B₩720B₩633B₩582B₩617B
Revenue growth—+14%+9%-6%—
Gross profit₩513B₩440B₩373B₩346B₩355B
EBITDA₩288B₩252B₩261B₩222B₩196B
Net income₩179B₩131B₩187B₩149B-₩132B
Free cash flow₩264B₩236B₩273B₩95.2B₩118B
Capital expenditure₩977M₩941M₩2.75B₩689M₩1.26B
Total debt₩18.7B₩21.9B₩25.8B₩49.3B₩59.3B

Quarterly statements and history in the cockpit →

DoubleUGames competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%0%+20%251270036570TTD2599600354209766ROKURBLXTTWO99990700192080.KS6-month return →1-month return →
Up and to the right = strong over both horizons. DoubleUGames is the large dot.

Fundamentals: revenue growth against valuation

+20%+40%0×50×100×251270036570TTD2599600354209766ROKUTTWO0700192080.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. DoubleUGames is the large dot.

DoubleUGames competitors and peer comparison

Head to head with its named competitors (192080.KS vs PLTK vs DDI vs LNW.AX)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
DoubleUGames 192080.KS$795M-10%+25%33%5.7×n/a
Playtika PLTK$931M-33%+6%17%3.8×-16.4%
DoubleDown Interactive Co., Ltd. Sponsored ADR DDI$682M+17%+14%38%5.6×n/a
Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX$6.22B+1%0%27%9.4×-8.5%

How DoubleUGames compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

DoubleUGames against its 11 peers (data as of 6 Nov 2026)
Measure192080.KSPeer medianRank in peer set
1-month return-4.0%+4.4%2nd lowest of 12
6-month return-10.0%-9.9%6th lowest of 12
Distance from 52-week high-28.1%-36.0%6th highest of 12
Revenue growth (TTM)+24.5%+16.0%5th highest of 12
Operating margin32.6%17.3%3rd highest of 12
Forward P/E5.7×14.8×2nd cheapest of 11
ROIC minus cost of capital+8.1 pp+5.8 pp5th highest of 10
EV / EBITDA2.1×8.7×cheapest of 11
Net debt / EBITDA-3.5×-1.4×3rd least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
DoubleUGames 192080.KSSouth Korea$795M-10%+25%33%5.7×n/an/a
Netmarble 251270.KSSouth Korea$2.02B-30%+10%11%5.7×-8.0%+2.7%
NC 036570.KSSouth Korea$2.98B-23%+35%14%9.3×-4.8%-9.0%
Trade Desk (The) TTDUnited States$6.11B-44%+12%20%121.4×-5.8%+28.2%
Krafton 259960.KSSouth Korea$6.94B-17%+55%30%12.4×-18.5%+14.8%
Naver 035420.KSSouth Korea$20.3B-10%+15%17%15.5×-0.6%+17.8%
Konami 9766.TJapan$23.5B+45%+25%33%25.7×-1.5%+12.6%
Roku ROKUUnited States$23.9B+24%+21%8%39.1×39.6%+21.6%
Roblox RBLXUnited States$35.3B+18%+32%-20%n/a15.7%+39.6%
Take-Two Interactive TTWOUnited States$40.2B-3%+15%-1%26.7×44.7%+14.6%
NTES 9999.HKHong Kong$81.4B+8%+10%35%14.0×-3.5%+8.1%
Tencent 0700.HKHong Kong$482B-11%+16%32%12.5×6.4%+8.5%

Questions

Who are DoubleUGames's main competitors?
Named competitors: Playtika Holding (PLTK), DoubleDown Interactive (DDI), Light & Wonder (LNW.AX). The cockpit's measured peer set (industry) also includes Netmarble (251270.KS), NC (036570.KS), Trade Desk (The) (TTD), Krafton (259960.KS), Naver (035420.KS), Konami (9766.T).
Is DoubleUGames expensive compared with its peers?
On forward p/e it trades at 5.7× against a peer median of 14.8×, 2nd cheapest of 11 in its peer set.
How has DoubleUGames stock performed?
Over six months to 6 Nov 2026 the shares returned -10.0% against -9.9% for the median peer; over one year +11.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.