Puzzle & Dragons reaches 7 million downloads, GungHo now more valuable than Zynga

Japan’s top grossing free-to-play mobile game Puzzle & Dragons for iOS and Android reached seven million registered users.

From game company GungHo Online, most famously known for Ragnorok Online, Puzzle & Dragons reached the user milestone on Jan. 18. Industry watcher Dr. Serkan Toto noted that TV ad spots contributed to helping the puzzle and RPG hybrid title acquire users.

Puzzle & Dragons, which released in Japan for iPhone in February 2012 and for Android in September 2012, launched in the U.S. for iPhone in November 2012 and for Android in December 2012.

GungHo’s market cap stands at 207.1 billion yen, translating to $2.3 billion. In comparison, Zynga’s market cap, as of writing this story, stands at $2.1 billion.

Almost a year since release in Japan, Puzzle & Dragons is still pulling in a lot of money. According to our traffic tracking service AppData, in Japan, Puzzle & Dragons is the No. 1 app on both the top grossing iPhone and iPad charts.