Nexon Releases Earnings for Third Quarter 2025

Key insights

6 takeaways

01
Nexon reported Q3 2025 revenue of ¥118.7 billion and operating income of ¥37.5 billion, with a positive outlook for Q4 projecting revenue growth between 45% and 62%.See it on page 4
02
The MapleStory franchise achieved 61% year-over-year revenue growth and is currently on track to record its highest annual revenue in its 22-year history.See it on page 2
03
The new PvPvE extraction shooter ARC Raiders reached the top of Steam’s bestseller list with over four million units sold and high player retention.See it on page 1
04
The board of directors doubled the year-end dividend to ¥30 per share, reflecting confidence in long-term cash flow and the development pipeline.See it on page 3
05
Nexon has completed ¥75 billion in share buybacks to date, with an additional ¥25 billion authorized for repurchase through early 2026.See it on page 1
06
The company continues to prioritize expansion in the Chinese market for titles like Dungeon&Fighter and The Finals through strategic partnerships with Tencent.See it on page 2

Summary

Nexon’s financial results for the third quarter of 2025 demonstrate a strategic focus on balancing the performance of established global franchises with the successful introduction of new intellectual property. The company reported quarterly revenue of ¥118.7 billion and operating income of ¥37.5 billion, both aligning with internal projections. Net income reached ¥38.2 billion, bolstered by a significant foreign exchange gain. While year-over-year revenue and operating income saw declines compared to the same period in 2024—a year marked by major product launches—the company maintains a positive outlook for the final quarter of 2025, projecting revenue growth between 45% and 62%.

Key operational highlights include the strong performance of the MapleStory franchise, which achieved 61% year-over-year revenue growth and is currently tracking toward its highest annual revenue in its 22-year history. Additionally, the launch of the new PvPvE extraction shooter, ARC Raiders, has proven highly successful, securing the top position on Steam’s bestseller list with over four million units sold and strong player retention. Other major titles, including Dungeon&Fighter and The Finals, continue to contribute significantly to the company’s portfolio, with ongoing expansion efforts planned for the Chinese market through partnerships with Tencent.

Reflecting confidence in its cash flow and long-term development pipeline, the board of directors has doubled the year-end dividend to ¥30 per share. This capital allocation strategy is complemented by an active share buyback program, with a total of ¥75 billion in repurchases completed to date and an additional ¥25 billion authorized through early 2026. These financial maneuvers underscore a commitment to shareholder returns while the company continues to execute its multi-year IP growth initiative across PC, console, and mobile platforms globally.