Embark Studios
Documents about Embark Studios
NEXON Q2 2019 Earnings Prepared Remarks
Nexon’s second-quarter 2019 earnings report highlights a period of record-breaking revenue and strategic organizational transformation.
- Nexon achieved record-breaking Q2 2019 revenue of 53.9 billion yen, marking a 13% year-over-year increase.
- Growth was driven by strong franchise performance, notably a 15% revenue increase for MapleStory in Korea and a 100% year-over-year revenue surge for KartRider in the same region.
- Nexon acquired a majority stake in Embark Studios to integrate AAA Western development expertise with its existing live-operations model.
NEXON FY2019 Q2 Earnings Conference Call: Q&A Summary
The second quarter 2019 earnings conference call for Nexon provides a strategic overview of the company’s operational performance, focusing on key market challenges in China and Korea, investment strategies, and capital allocation policies.
- Nexon's core PC titles are facing performance volatility, with Dungeon&Fighter in China seeing year-over-year declines in both paying users and average revenue per paying user (ARPPU).
- MapleStory revenue in Korea is projected to decline following record-breaking performance in the previous year, compounded by a lack of new mobile launches to offset the dip.
- The company is implementing a 30-billion-yen share repurchase program, subject to regulatory constraints, as part of its capital allocation strategy.
Nexon Earnings for Second Quarter 2019
Nexon’s financial results for the second quarter of 2019 highlight a period of robust growth driven by the sustained performance of core franchises, including Dungeon&Fighter, MapleStory, and FIFA ONLINE 4.
- Nexon reported Q2 2019 revenue of ¥53.9 billion, marking a 13% year-over-year increase as-reported, or 20% on a constant currency basis.
- Net income for the quarter reached ¥19.1 billion, exceeding initial outlooks due to favorable foreign exchange gains on U.S. dollar-denominated cash deposits.
- Nexon acquired Embark Studios, led by Patrick Söderlund, to serve as the foundation for the company's future development strategy in Western markets.
Nexon Q2 2019 Investor Presentation
Nexon achieved record financial performance in the second quarter of 2019, characterized by a 20 percent year-over-year revenue increase on a constant-currency basis.
- Nexon achieved a 20% year-over-year revenue increase in Q2 2019, driven by the performance of core franchises including Dungeon&Fighter, MapleStory, and FIFA ONLINE 4.
- The company reported Q2 2019 net income of ¥19,145 million and maintains a strong cash position of ¥210,749 million.
- Management projects a revenue decline for Q3 2019 due to softening performance in the China-based Dungeon&Fighter and Korea-based MapleStory segments.
NEXON Q4 2018 Earnings Prepared Remarks
Nexon achieved record-high financial results for the full fiscal year 2018, reporting growth in revenue, operating income, and net income across both its PC and mobile business segments.
- Nexon achieved record-high financial results for fiscal year 2018, driven by double-digit growth in the ten-year-old Dungeon&Fighter franchise in China and revenue increases in both PC and mobile versions of MapleStory.
- The company maintains a robust financial position with approximately 1 billion yen in annual EBITDA and 4 billion yen in cash reserves.
- Q4 2018 financial results fell below expectations due to an impairment loss related to NAT Games and underperformance in specific mobile markets.
Nexon FY 2018 Financial Results
Nexon achieved record-breaking financial performance in fiscal year 2018, driven by the sustained success of its flagship PC and mobile franchises across global markets.
- Nexon achieved record-breaking fiscal year 2018 results with ¥253.7 billion in revenue, an 8% year-over-year increase, alongside ¥98.4 billion in operating income and ¥107.7 billion in net income.
- Flagship titles drove performance, with Dungeon&Fighter achieving double-digit growth in China for the third consecutive year and MapleStory recording a 67% revenue increase in Korea.
- The company experienced a 13% year-over-year revenue decline in the fourth quarter, primarily due to underperforming new mobile titles in Japan and Korea.
NEXON Q3 2018 Earnings Prepared Remarks
Nexon’s third-quarter 2018 earnings report highlights a period of record-breaking financial performance, characterized by the company’s commitment to a long-term, live-service business model.
- Nexon achieved record Q3 2018 financial performance with 69.3 billion yen in total revenue, a 15% year-over-year increase.
- Core franchises drove growth, with MapleStory in Korea experiencing a 129% year-over-year revenue surge.
- The company’s long-term live-service model, centered on continuous content updates for established titles like Dungeon&Fighter and MapleStory, outperformed traditional short-term product launch cycles.
Nexon Q3 2018 Financial Results: Record Results and Strategic Investment
Nexon’s third quarter 2018 financial results demonstrate strong global growth, characterized by record revenues and a strategic pivot toward future interactive technologies.
- Nexon achieved record Q3 2018 revenues of 69.3 billion yen, marking a 15% year-over-year increase, with an operating income of 23.7 billion yen.
- Growth was primarily driven by the National Day update for Dungeon&Fighter in China and the strong performance of MapleStory in Korea.
- Revenues in North America, Europe, and other regions more than doubled year-over-year, bolstered by the global launches of MapleStory M and Darkness Rises, alongside contributions from Pixelberry Studios.
NEXON Investor Presentation: Q3 2018
Nexon achieved record-high financial results in the third quarter of 2018, generating ¥69.3 billion in revenue, which represents a 15% year-over-year increase.
- Nexon reported record Q3 2018 revenue of ¥69.3 billion, a 15% year-over-year increase driven by the performance of Dungeon&Fighter in China and MapleStory in Korea.
- The company projects an 8–10% annual revenue growth for fiscal year 2018, with net income expected to rise by 92–95%.
- Nexon remains heavily reliant on the PC segment, which generates 78% of total revenue, and the Chinese market, which accounted for 49% of annual revenue as of 2017.