Key insights
4 slides
The headline
Nine-month sales fell to €118.7 million from €124.2 million.
NACON reported cumulative nine-month sales of €118.7 million for 2022/23. This represents a decline from the €124.2 million recorded in the previous fiscal year.
The main drag
Accessories revenue fell 37.8% over the nine months.
Accessories revenue dropped significantly, falling 37.8% over the nine-month period. The decline was attributed to global shortages of new-generation consoles.
Page 1 of the report37.8%
Nine-month decline in accessories revenue
- Q3 decline in accessories revenue
- 41.5%
The offset
Video game revenue grew 59% over nine months.
Video game revenue demonstrated strong growth, with a 59% increase over nine months. This was driven by a 17.2% rise in catalogue sales and a 59.5% surge in back-catalogue performance.
The pattern
Q1 rose 25.8%, then Q2 and Q3 both declined.
Quarterly sales performance was inconsistent, starting with a 25.8% increase in Q1. This was followed by consecutive declines of 10.7% in Q2 and 19.6% in Q3.
Page 1 of the report- 01Q125.8% increase to €42.4 million
- 02Q210.7% decline to €35.1 million
- 03Q319.6% decline to €41.1 million
1 / 4
Ask AI about this report
Summary
NACON reported Q3 2022‑23 sales of €41.1 million, a 4.5 % decline from the same period in 2021‑22, bringing cumulative nine‑month sales to €118.7 million versus €124.2 million previously. The decline was driven largely by a sharp 41.5 % drop in accessories sales, attributed to global shortages of new‑generation consoles that forced retailers to tighten sourcing. Video game revenue rebounded, with catalogue sales up 17.2 % to €10.2 million and back‑catalogue sales surging 59.5 % to €8.8 million, supported by releases such as Vampire The Masquerade® – Swansong, Pro Cycling Manager 2022, and WRC Generations.
Quarterly performance varied: the first quarter saw a 25.8 % increase to €42.4 million, while the second quarter fell 10.7 % to €35.1 million and the third quarter declined 19.6 % to €41.1 million. Across the nine months, game sales grew 59 %, driven by catalogue and back‑catalogue growth, whereas accessories fell 37.8 % and other categories declined modestly.
Looking ahead, NACON anticipates a recovery in accessories sales as console shortages ease and plans to launch four new titles in Q4 2023, including Chef Life and Blood Bowl III. For FY 2023‑24, the company expects a modest rise in sales and operating income, buoyed by an expanded release calendar of roughly twenty games and a strengthening back‑catalogue pipeline. The outlook remains positive, with confidence in the company’s FY 2023‑24 prospects reaffirmed.
Cite this report
Citation
Generating citation…
