Dungeon & Fighter Mobile boosts Nexon’s third-quarter revenue

Nexon released its financial results for the third quarter, with revenue growing year over year but net income declining.

the numbers

For the three months ended September 30, 2024:

• Income: ¥135.6 billion ($874 million), up 12.7% year-on-year
• Net income: ¥27 billion ($174 million), down 23% year over year

The highlights

Nexon said its revenue for the third quarter grew but was “slightly below” its forecast, due to the negative impact of the exchange rate.

Dungeon & Fighter Mobile and The First Descendant were cited as contributing to the company’s revenue growth, but this was offset by declining revenue from the PC version of Dungeon & Fighter, MapleStory, and Wars of Prasia, which had performed well during the same period. last year.

Dungeon & Fighter Mobile’s growth was due to its launch in China last May, Nexon explained. The franchise as a whole grew 142% year-on-year as a result of the launch of Chinese mobile phones.

Looking at the revenue split, PCs accounted for ¥70 billion ($452 million) of Nexon’s total, and fell 18% year over year. Mobile rose to 64 billion yen ($413 million) and increased by an impressive 89% compared to Q3 FY24.

CEO Junghun Lee commented: “The third quarter reinforced our confidence in Nexon’s growth strategy. Over the coming quarters, we plan to continue investing in our long-term vision to achieve radical growth in our revenue and operating income by strengthening existing franchises. . and grow our intellectual property portfolio. This may temporarily impact the pace of our financial growth, but we know from our experience that this is a necessary step to create the next wave of dynamic growth.”