NEXON Consolidated Financial Results: Fiscal Year Ended December 31, 2024

Key insights

6 takeaways

01
Nexon achieved record-breaking annual revenue of ¥446.2 billion in 2024, representing a 5.4% year-over-year increase driven by the launches of The First Descendant and Dungeon&Fighter Mobile.See it on page 30
02
Profit attributable to owners of the parent surged 91.0% to ¥134.8 billion, bolstered by favorable foreign exchange gains and the absence of prior-year equity method investment losses.See it on page 19
03
Operating profit declined by 7.8% due to increased personnel expenses and impairment costs, despite the strong top-line revenue growth.See it on page 6
04
Earnings per share nearly doubled, rising from ¥82.89 in 2023 to ¥161.79 in 2024.See it on page 19
05
The board initiated a capital management plan that includes the cancellation of approximately 20 million treasury shares and a new share buyback program of up to ¥50 billion.See it on page 32
06
Nexon plans to sustain future growth by leveraging its IP Growth Initiative, focusing on its core franchises, Dungeon&Fighter and MapleStory, across PC and mobile platforms.See it on page 6

Summary

Nexon achieved record-breaking financial performance for the fiscal year ended December 31, 2024, reporting total revenue of ¥446.2 billion, a 5.4% increase over the previous year. This growth was primarily fueled by the successful global launch of The First Descendant and the introduction of Dungeon&Fighter Mobile in the Chinese market. While operating profit experienced a 7.8% decline due to elevated personnel expenses and impairment costs, profit attributable to owners of the parent surged by 91.0% to ¥134.8 billion. This significant bottom-line improvement was supported by favorable foreign exchange gains and the absence of equity method investment losses that impacted the prior year.

The company maintains a robust financial position, with total assets reaching ¥1,256,771 million and equity rising to ¥1,030,525 million. Earnings per share saw a substantial increase, climbing from ¥82.89 in 2023 to ¥161.79 in 2024. Although regional performance varied—with growth in Korea and North America offsetting a decline in China—the company continues to leverage its IP Growth Initiative. By utilizing a diversified business model that spans PC and mobile platforms through self-publishing and licensing, Nexon remains focused on sustaining its core franchises, specifically Dungeon&Fighter and MapleStory, to drive future revenue.

To further enhance capital efficiency and shareholder value, the board of directors has initiated a strategic capital management plan. This includes the cancellation of nearly 20 million treasury shares and the authorization of a new share buyback program valued at up to 50 billion JPY. Looking toward the first quarter of 2025, the company anticipates continued revenue growth, balancing expected increases in marketing and human resource investments against the sustained momentum of its primary intellectual properties.