African TV CI.(photo=African TV)

 

[Alpha Biz= Reporter Kim Jisun] Eugene Investment & Securities analyzed on the 18th that Afreeca TV will continue to grow steadily due to the growth of platform indicators following the expansion of the global market and the withdrawal of Twitch. The investment opinion remained 'buy' and the target price was raised to 150,000 won from the previous 100,000 won.

"Afreeca TV's sales in the first quarter of this year will rise 19.7 percent year-on-year to 87 billion won, and operating profit will rise 29.4 percent to 23.8 billion won over the same period to meet market expectations," said Eugene Investment & Securities Co.

Eugene Investment & Securities predicted, "Platform sales will continue to grow steadily following the previous quarter with a number of streamers coming from Twitch."

"Advertisement sales could be sluggish compared to the previous quarter due to delayed recovery in business conditions and the removal of peak season effects," said Eugene Investment & Securities Co. "It will grow due to the connection of CTTD, a digital marketing agency that Afreeca TV acquired last year."

Eugene Investment & Securities said, "We are planning to launch SOOP, a global live streaming platform, in the second quarter, so we will start beta services in Thailand and Southeast Asian markets," and added, "We expect that full-fledged contribution to performance will be possible from next year."

 

 

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