Nexon Earnings Results: Second Quarter 2025

Nexon’s second quarter 2025 financial results demonstrate a robust performance characterized by the revitalization of core franchises and successful regional expansion. The company reported quarterly revenue of ¥118.9 billion, representing a 6% increase on a constant-currency basis, alongside operating income of ¥37.7 billion. While net income declined by 58% to ¥16.8 billion, this was primarily attributed to a ¥17.5 billion foreign exchange loss, contrasting with gains recorded in the same period last year.

Key growth drivers included the MapleStory franchise, which saw a 60% year-over-year revenue increase, and the Dungeon&Fighter (PC) title, which achieved record quarterly revenue in Korea and strong growth in China. Conversely, the total revenue for the company’s three major franchises—Dungeon&Fighter, MapleStory, and FC—declined by 13% year-over-year, largely due to the anticipated normalization of Dungeon&Fighter Mobile following its 2024 launch. The company continues to diversify its portfolio, with notable contributions from MABINOGI MOBILE and the expansion of MapleStory Worlds, which grew more than sevenfold compared to the previous year.

The company’s strategic outlook remains focused on global expansion and new intellectual property development. Upcoming milestones include the October 30 global release of ARC Raiders and the early-stage development of a new AAA action-adventure title, Woochi the Wayfarer. Furthermore, the company is actively managing shareholder value, having completed a ¥50 billion share repurchase in June with plans for additional buybacks through early 2026. Looking toward the third quarter of 2025, Nexon anticipates revenue between ¥116.6 billion and ¥127.1 billion, maintaining a focus on sustaining engagement across its diverse portfolio of over 40 games operating in more than 190 countries.