Nexon Q1 2023 Investor Presentation

Key insights

6 takeaways

01
Nexon reported record Q1 2023 financial results with revenue of ¥124.1 billion, a 36% year-over-year increase, and operating income of ¥56.3 billion, a 46% increase.See it on page 8
02
Growth was primarily driven by the sustained performance of core franchises including Dungeon&Fighter, MapleStory, and FIFA ONLINE 4.See it on page 3
03
Operational metrics showed a 12% increase in monthly active users and a 20% rise in average revenue per paying user across non-mobile platforms.See it on page 9
04
The Korean and Chinese markets served as the primary geographic drivers for the company's financial momentum during the quarter.See it on page 9
05
Nexon is diversifying its portfolio with upcoming titles such as THE FINALS and Wars of Prasia to capture new global audience segments.See it on page 40
06
The company plans to sustain its growth by balancing revenue from legacy titles with aggressive marketing and headcount expansion.See it on page 44

Summary

Nexon achieved record financial performance in the first quarter of 2023, reporting total revenue of ¥124.1 billion, representing a 36 percent year-over-year increase. Operating income followed a similar upward trajectory, rising 46 percent to ¥56.3 billion. This growth was primarily fueled by the sustained strength of core, long-standing franchises such as Dungeon&Fighter, MapleStory, and FIFA ONLINE 4. These titles continue to serve as the foundation of the company’s business model, demonstrating the efficacy of maintaining and monetizing enduring virtual worlds over multi-decade lifecycles.

The company’s operational success during this period was characterized by a 12 percent increase in monthly active users and a 20 percent rise in average revenue per paying user across non-mobile platforms. Geographically, the Korean and Chinese markets remained the primary drivers of this momentum. Beyond its established portfolio, the company is actively diversifying its reach through strategic investments in new intellectual property and platform expansion, with upcoming titles like THE FINALS and Wars of Prasia positioned to capture new segments of the global gaming audience.

Looking forward, the company maintains a positive outlook for the second quarter of 2023, supported by stable franchise performance and a robust pipeline of PC and mobile releases. By balancing the consistent revenue streams of legacy titles with aggressive marketing and headcount expansion, the organization aims to sustain its growth trajectory. Management remains committed to transparency, with plans to disclose subsequent financial results and host investor briefings in August 2023 to provide further insight into the company’s long-term strategic evolution.