Paradise Co reports 21% year-on-year jump in 3Q net income
Third-quarter net rose to KRW27.78 billion as sales climbed 22% to KRW351.66 billion.
Key Takeaways
- Paradise Co reported 3Q net income attributable to shareholders of KRW27.78 billion for the period to 30 September 2026.
- Third-quarter sales rose 22.0% year-on-year to nearly KRW351.66 billion and were up 10.6% quarter-on-quarter.
- Nine-month net income to 30 September 2026 was KRW60.04 billion, down 20.0% year-on-year on KRW963.71 billion in sales.
- Paradise City’s hotel inventory increased by 65.1% to 1,270 rooms after the KRW210.0-billion West Wing acquisition.
Paradise Co Ltd reported third-quarter net income attributable to shareholders of KRW27.78 billion (US$20.8 million) for the three months to 30 September 2026, a 20.6% increase year-on-year and a 76.0% rise on the preceding quarter, the company said in a filing on Tuesday. Sales for the quarter rose 22.0% year-on-year to nearly KRW351.66 billion, and were up 10.6% quarter-on-quarter.
Quarterly and year-to-date performance
The company's net income for the first nine months of 2026 totalled KRW60.04 billion, down 20.0% from the prior-year period. That year-to-date result came on overall sales of KRW963.71 billion, an increase of 12.6% year-on-year. Separate data released in early October showed aggregate casino sales for the nine months to 30 September 2026 reached KRW744.59 billion, a 10.8% rise from the same period in 2025.
Properties, capacity and recent deals
Paradise Co operates foreigner-only casinos at four properties: Walkerhill Seoul; Paradise Busan; the Jeju Grand property on Jeju Island; and Paradise City, Incheon. Paradise City is a venture with a unit of Japan's Sega Sammy Holdings Inc. The company confirmed this week it was considering participation in an investment related to the proposed acquisition of Maison Glad Jeju. In a regulatory filing on Monday the company said:
"no decision had been made" regarding the acquisition or the terms of any potential transaction, Paradise Co said.
In January 2026 Paradise Co completed the KRW210.0-billion purchase of the West Wing of the Grand Hyatt Incheon hotel adjacent to Paradise City. The acquired asset was rebranded as Hyatt Regency Incheon Paradise City and increased Paradise City's accommodation inventory by 65.1%, to 1,270 rooms.
For additional sector context, see the company's filings and market sales figures in our news section.
Frequently Asked Questions
How much net income did Paradise Co record in 3Q 2026?
Paradise Co recorded net income attributable to shareholders of KRW27.78 billion for the three months to 30 September 2026. The company disclosed this figure in a regulatory filing, noting it represented a 20.6% year-on-year increase and a 76.0% quarter-on-quarter rise.
What were Paradise Co’s sales for the third quarter of 2026?
Third-quarter sales rose 22.0% year-on-year to nearly KRW351.66 billion. The company also reported a 10.6% increase in sales compared with the previous quarter.
What is the performance for Paradise Co in the first nine months of 2026?
For the first nine months of 2026 Paradise Co's net income was KRW60.04 billion, down 20.0% year-on-year, on overall sales of KRW963.71 billion, which increased 12.6% year-on-year.
What recent property acquisition did Paradise Co complete in January 2026?
Paradise Co completed the KRW210.0-billion acquisition of the West Wing of the Grand Hyatt Incheon hotel in January 2026. The property was rebranded as Hyatt Regency Incheon Paradise City and raised Paradise City’s room count by 65.1% to 1,270 rooms.
Is Paradise Co pursuing the Maison Glad Jeju acquisition?
Paradise Co confirmed it was considering participation in an investment related to the proposed acquisition of Maison Glad Jeju but stated in a regulatory filing that "no decision had been made" on the acquisition or the terms of any potential transaction.
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Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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