FinancialNacon
Strong Sales Growth in the Second Quarter of 2024/25
28 Oct 20242 pages~5 min full read
Nacon reported consolidated sales of €44.7 million for Q2 2024/25, a 38.5% increase year-over-year, bringing total first-half sales to €77.0 million.
The gaming division was the primary growth driver, achieving a 65.4% increase in quarterly revenue fueled by new releases and a 38.8% rise in back catalogue sales.
Test Drive Unlimited: Solar Crown became a top-five best-selling game in its territories, while the PC release of Ravenswatch reached over 600,000 active players.
The accessories division grew by 8.7% during the quarter, supported by strong demand for premium controllers and headsets in the U.S. and Australian markets.
Nacon confirmed its full-year growth targets and anticipates rising operating income, driven by an upcoming release schedule and new hardware launches including racing peripherals and Xbox-compatible controllers.
Nacon achieved significant financial momentum during the second quarter of the 2024/25 fiscal year, reporting consolidated sales of €44.7 million. This represents a 38.5% increase compared to the same period in the previous year. For the full first half of the year, spanning April to September 2024, total sales reached €77.0 million, a 13.6% year-over-year improvement. This growth was primarily driven by a surge in the gaming division, which saw a 65.4% increase in quarterly revenue, bolstered by both new releases and a robust back catalogue.
The publishing segment benefited from the launch of Test Drive Unlimited: Solar Crown, which ranked among the top five best-selling games in its distribution territories despite initial server stability issues. Additionally, the PC release of Ravenswatch met with a positive reception, building a community of over 600,000 active players. The back catalogue grew by 38.8%, sustained by the continued performance of titles like Robocop: Rogue City and Taxi Life. Meanwhile, the accessories division maintained steady growth of 8.7% for the quarter, led by strong demand for premium controllers and headsets in the United States and Australian markets.
Looking ahead to the remainder of the 2024/25 fiscal year, the outlook remains positive with a busy release schedule across sport, racing, adventure, and simulation genres. New hardware launches, including racing peripherals and Xbox-compatible controllers, are expected to further diversify revenue streams. Based on these results, the company has confirmed its full-year growth targets and anticipates a continued increase in operating income, supported by its integrated model of game publishing and peripheral design.
