GungHo Online Entertainment Inc is starting to look like another one-hit wonder in the game industry.
Shares in the Tokyo-based game maker dropped as much as 10% on July 30, the most in two years, as hopes for a follow-up to the company’s Puzzle & Dragons mobile game franchise fade. As it reported earnings Friday afternoon, GungHo said monthly active users for the game continued to slump in the quarter ended June 30 and operating profit fell 38%, rounding four straight years of declines.
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