Nexon Reports Operating Profit of 951.6 Billion KRW Last Year, Down 18% YoY (Update)

[Asia Economy Reporter Kang Nahum] Nexon announced on the 8th that it recorded consolidated sales of 2.853 trillion KRW (274.5 billion JPY) and operating profit of 951.6 billion KRW (91.5 billion JPY) last year. These figures represent decreases of 6% and 18%, respectively, compared to the previous year. Net profit increased by 104% to 1.1943 trillion KRW (114.9 billion JPY).

In the fourth quarter of last year, sales amounted to 563.9 billion KRW (54.3 billion JPY), down 18% year-on-year, and operating profit fell 81% to 30.9 billion KRW (3.0 billion JPY). Net profit turned positive compared to the same period last year.

Nexon evaluated that both fourth-quarter sales and operating profit met expectations, supported by the successful launch of the new title "Blue Archive" and steady performance of key intellectual properties (IPs) such as "Sudden Attack" and "FIFA Online 4".

Owen Mahoney, CEO of Nexon Japan, commented on the results, saying, "2021 was a year in which we focused the company's full capabilities on developing major new IPs amid steady success of our key live games." He added, "As we plan to release our most anticipated titles this year, we will devote all efforts to securing new growth engines."

Nexon will officially launch the 2D action RPG "Dungeon & Fighter Mobile" on the 24th of next month. Additionally, new titles such as "KartRider: Drift," "Arc Raiders," "HIT2," "DNF DUEL," and "Mabinogi Mobile" are scheduled to be released this year.

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