Nexon Consolidated Financial Results for the Fiscal Year Ended December 31, 2022

Nexon achieved record-breaking financial performance for the fiscal year ended December 31, 2022, reporting consolidated revenue of ¥353,714 million. This 28.9% year-over-year growth was primarily fueled by the robust performance of key PC and mobile titles, most notably FIFA ONLINE 4, MapleStory, and Dungeon&Fighter. The company’s diversified business model, which leverages a mix of self-publishing and licensing strategies alongside a free-to-play microtransaction framework, proved highly effective in capturing market share across its primary regions of Korea and China.

Operating income rose by 13.3% to ¥103,696 million, reflecting strong operational efficiency within the core gaming segments. However, net income attributable to owners of the parent company experienced a decline to approximately ¥100,339 million, a shift attributed to increased operating expenses and specific tax factors. Despite this dip in net income, the company maintained a formidable financial position, ending the period with ¥409,368 million in cash and cash equivalents. Net cash provided by operating activities also saw a healthy increase, rising to ¥130,144 million from the previous year’s ¥105,914 million.

Capital allocation strategies during this period prioritized shareholder returns, evidenced by the utilization of ¥98,824 million for treasury stock purchases and the retirement of over 36 million shares. Looking toward the future, the company remains optimistic about maintaining its growth trajectory into the first quarter of 2023. By capitalizing on the sustained momentum of its flagship franchises, the organization aims to navigate global economic uncertainties while continuing to expand its footprint in the competitive PC and mobile gaming sectors.