GungHo overtook Zynga

The success of just one game helped the Japanese company GungHo significantly surpass the capitalization of the American Zynga.

Over the year, the free Puzzle & Dragons role-playing game has gained 7 million users on iOS and Android, according to Japanese market analyst Serkan Toto. Moreover, the project gained the last million in just a few days, which was facilitated by its release on Kindle Fire on January 11. 

The rapid growth in the number of registered users has raised the company’s market value to a serious $2.2 billion. The capitalization of Zynga, for comparison, is $ 1.98 billion. 

Of course, we don’t know exactly how much Puzzle & Dragons earns, but now the game is in the first place in the Japanese box office top. 

The Japanese release of the game took place a year ago. The English version appeared only in November 2012. It was after this event that GungHo shares went up. To say that the growth of shares is due only to the success of Puzzle & Dragons in the Western market, of course, is stupid. Moreover, it’s too early to talk about very good results here. Most likely, the shares rose, because in GungHo, the exchange saw another Japanese giant that began expansion into the western market after DeNA and GREE.  

GunHo has been working in the gaming market for more than 10 years. At first, she was engaged in online games and at one time was the main operator of Japanese servers of the famous Korean MMO Ragnarok. Recently, like many other companies, it has shifted its focus to the mobile sphere.