Nexon Reports Operating Profit of 454 Billion KRW in Q1, Down 21% Year-on-Year (Update)

However, in Korea, record quarterly performance driven by 'MapleStory' and 'V4' success

[Asia Economy Reporter Jin-gyu Lee] Nexon announced on the 13th that its first-quarter sales decreased by 11% compared to the same period last year, recording 904.5 billion KRW (82.8 billion JPY), and operating profit fell by 21% to 454 billion KRW (41.5 billion JPY).

However, thanks to steady growth of major steady-seller games such as 'MapleStory', 'FIFA Online 4', and 'Sudden Attack' in the Korean market, as well as increased sales of mobile games like 'V4', the company achieved its best-ever quarterly performance.

Marking its 17th anniversary this year, MapleStory introduced various contents through a large-scale winter update, and the mobile version, 'MapleStory M', also released new characters, showing growth rates of 132% and 184% respectively compared to the same period last year, setting a new quarterly sales record.

Nexon's flagship game, 'Dungeon & Fighter (DNF)', also recorded a 53% increase in sales in the Korean region compared to the same period last year, thanks to the highest level expansion and the third awakening update.

Sudden Attack, released in 2005, achieved a 52% sales growth compared to the same period last year through strategic content updates such as season ranks and Sudden Pass. Nexon's new intellectual property (IP), V4, maintained a top ranking in mobile game charts through successful promotions after its release, leading mobile game sales growth for two consecutive quarters.

Owen Mahoney, CEO of Nexon Japan, said, "We are successfully building a portfolio that can maintain a steady flow regardless of any external environment," adding, "Based on establishing a safe working environment and supporting remote work, we will focus our capabilities on the successful launch and stable service of major titles scheduled for release this year."

Meanwhile, starting with the global release of the mobile racing game 'KartRider Rush Plus' yesterday, Nexon is preparing various new titles in different genres, including launching 'FIFA Mobile' domestically in the first half of the year and releasing 'DNF Mobile' in the Chinese market this summer.

This content was produced with the assistance of AI translation services.