Nexon Reports Operating Profit of 38.5 Billion Yen in Q1, Down 11% Year-on-Year

[Asia Economy Reporter Seungjin Lee] Nexon announced its first-quarter 2022 earnings on the 12th.

Nexon, listed on the Tokyo Stock Exchange, reported first-quarter sales of 91 billion yen, a 3% increase compared to the same period last year, and operating profit of 38.5 billion yen, an 11% decrease compared to the same period last year. Net profit for the period was 40.3 billion yen, down 13% year-on-year.

Nexon explained that thanks to the performance of major PC online games such as ‘FIFA Online 4’ and ‘Sudden Attack’, the successful launch of ‘Dungeon & Fighter Mobile’, and strong sales of the ‘Dungeon & Fighter’ IP in China and the ‘MapleStory’ IP in Southeast Asia and other regions, both first-quarter sales and operating profit met expectations.

Looking at each game, ‘FIFA Online 4’ achieved the highest quarterly sales ever by continuously running new class updates and large-scale reward events, drawing strong user response. ‘Sudden Attack’ recorded double-digit growth for nine consecutive quarters based on its live service operation know-how.

‘Dungeon & Fighter Mobile’, released domestically in March, achieved 1 million users on launch day and secured top ranks in popularity and sales on both major app markets, marking a successful launch, according to Nexon.

In China, the ‘Dungeon & Fighter’ game saw a 15% increase in sales year-on-year, boosted by a well-received large-scale Lunar New Year update in January. Other regions such as Southeast Asia grew 42% year-on-year thanks to strong performances of ‘MapleStory’ and ‘MapleStory M’.

Owen Mahoney, CEO of Nexon (Japan), commented on the results, saying, “The continuous improvement of our portfolio has translated into balanced performance across global regions,” and added, “With major new titles scheduled for release this year and next, we will continue to drive the company’s sustained growth.”

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