Nexon, Both PC and Mobile Games Doing Well... Increased Expectations for New Releases

[Asia Economy Reporter Minji Lee] Nexon’s stock price is on the rise after recording the highest quarterly revenue ever. This is thanks to strong performance in both PC and mobile games.

On the 13th, Nexon’s stock price stood at 2,560 yen. It rose 5.61% over the past week, driven by third-quarter results that exceeded market expectations.

In the third quarter, Nexon posted revenue of 97.5 billion yen and operating profit of 31.5 billion yen, representing increases of 28.4% and 5.7% year-on-year, respectively, surpassing market forecasts. This marks the highest quarterly revenue in the company’s history.

PC game revenue reached 66.5 billion yen, up 16% compared to a year ago. While revenue from Dungeon & Fighter in China remained at a similar level to the second quarter, increased sales from PC titles such as FIFA Online 4 and MapleStory in the domestic market contributed to the growth. Mobile game revenue rose 66.6% to 31 billion yen during the same period. The release of HIT 2 in South Korea on August 25 exceeded expectations, driving the increase in mobile game revenue.

Nexon’s projected revenue for the fourth quarter is between 77.5 billion and 83.7 billion yen, expected to increase 39% to 54% year-on-year. By segment, the PC game revenue guidance is 46.5 billion to 51.1 billion yen, forecasted to grow 32% to 44% compared to the same period last year. Jeong Hoyoon, a researcher at Korea Investment & Securities, said, “Although revenue is expected to decline compared to the previous quarter due to the seasonality of Dungeon & Fighter in China, the main lineups?Dungeon & Fighter, FIFA Online 4, and MapleStory?are expected to maintain steady growth.”

Mobile game revenue is expected to increase 53% to 73% year-on-year, reaching 28.9 billion to 32.7 billion yen. This includes full reflection of HIT 2’s revenue and anticipated revenue from the upcoming Japanese release of the new title TalesWeaver: Second Run.

Nexon’s strength lies in having the most diverse lineup of PC game hits among domestic game companies. Currently, the company is responding to market changes with a similar strategy to major domestic companies like NCSoft, which are strengthening their PC and console offerings. Nexon is preparing a total of nine new titles. All new games will be unveiled at this month’s G-Star event, where four games?including Mabinogi Mobile and First Descendant?will be demonstrated at booths, and five games?including Project AK, Project Overkill, and Hwanse Chwihojeon Online?will be showcased through videos.

Researcher Jeong Hoyoon said, “Given Nexon’s high level of development capability, there are positive expectations regarding the performance of the new titles.”

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