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Nexon Releases Earnings for Fourth Quarter and Full-Year 2025

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Nexon Co., Ltd. reported record‑breaking full‑year revenue of ¥475.1 billion for fiscal 2025, a 6 % increase on an as‑reported basis and 10 % on a constant‑currency basis, driven largely by the MapleStory franchise’s 43 % year‑over‑year growth and new titles such as ARC Raiders® and MABINOGI MOBILE. Operating income reached ¥124.0 billion, flat YoY on an as‑reported basis and up 2 % constant currency, while net income fell 32 % YoY to ¥92.1 billion due to a ¥31.7 billion foreign‑exchange gain in Q4 2024 and a ¥9.7 billion gain in Q4 2025, offset by higher operating costs and a one‑off ¥3.0 billion impairment. Quarterly highlights show Q4 revenue of ¥123.6 billion, up 55 % YoY and 51 % constant currency, with operating income of ¥7.2 billion that missed guidance because of higher performance‑based bonuses for ARC Raiders® and platform fee overruns. A ¥27.7 billion deferral from ARC Raiders® revenue and a ¥9 billion refund related to MapleStory: Idle RPG reduced Q4 results, with an additional ¥5 billion revenue impact expected in Q1 2026. Geographically, the company operates over 190 countries across PC, console and mobile platforms. Franchise performance varied: Dungeon&Fighter (PC) saw double‑digit growth in China and Korea, while its mobile arm declined 21 % YoY; MapleStory franchise revenue grew 54 % in Q4 and 43 % for the year, with Korea and global segments contributing strongly. ARC Raiders® achieved over 14 million units sold worldwide, sustaining high concurrent user peaks of 960,000. Operating cash flow exceeded ¥100 billion in 2025, and shareholder returns included a dividend increase to ¥45 per share and ¥96.9 billion in share buybacks, maintaining a policy of returning more than 33 % of operating income to shareholders. The first‑quarter 2026 outlook projects revenue of ¥150.5–164.0 billion, operating income of ¥51.2–61.1 billion and net income of ¥40.9–48.4 billion, with significant upside from ARC Raiders® and MABINOGI MOBILE and continued growth in key franchises.

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Nexon Releases Earnings for Fourth Quarter and Full-Year 2025

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