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Nexon Releases Earnings for First Quarter 2025
Nexon’s financial results for the first quarter of 2025 demonstrate a resilient performance characterized by the recovery of core franchises and the successful launch of new brand extensions.
- Nexon reported Q1 2025 revenue of ¥113.9 billion, a 5% year-over-year increase, and operating income of ¥41.6 billion, marking a 43% growth compared to Q1 2024.
- Core franchises—Dungeon&Fighter, MapleStory, and FC—achieved an aggregate 21% year-over-year growth, serving as the primary drivers of the company's financial performance.
- Nexon maintains a strong financial position with approximately ¥600 billion in cash, which the company is utilizing for share repurchase programs and future investment opportunities.
Nexon Q4 2024 Investor Presentation
Nexon achieved record-breaking financial performance in fiscal year 2024, generating ¥446.2 billion in revenue, representing a 5% year-over-year increase.
- Nexon achieved record fiscal year 2024 revenue of ¥446.2 billion, a 5% year-over-year increase driven by the launches of Dungeon&Fighter Mobile and The First Descendant.
- Operating income declined 8% in 2024 due to increased human resource costs and ongoing investments in talent and live game operations.
- The company maintains a strong liquidity position with cash reserves exceeding ¥600 billion and has approved a ¥100 billion share buyback program to enhance shareholder value.
Nexon Q4 2024 Earnings Letter
Nexon’s 2024 fiscal performance reflects a year of record-breaking revenue alongside strategic challenges that have necessitated a shift in operational focus for 2025.
- Nexon reported full-year 2024 revenue of ¥446.2 billion, a 5% year-over-year increase, though operating income fell 8% to ¥124.2 billion due to IP investment costs.
- Q4 2024 revenue declined 6% year-over-year to ¥79.7 billion, impacted by underperformance in the FC franchise, The First Descendant, and a ¥7.0 billion one-time impairment loss.
- To address slowing momentum in the Dungeon&Fighter franchise, Nexon has formed a co-development partnership with Tencent to improve hyperlocalization and production capacity in China.
NEXON Q3 2024 Investor Presentation
Nexon achieved record financial results in the third quarter of 2024, generating ¥135.6 billion in revenue, which represents a 13% year-over-year increase.
- Nexon achieved record Q3 2024 revenue of ¥135.6 billion, a 13% year-over-year increase driven by a 138% surge in Chinese revenue and an 89% rise in mobile earnings following the launch of the mobile version of Dungeon&Fighter.
- Operating income grew 11% to ¥51.5 billion, though net income fell 23% to ¥27.0 billion due to ¥19.6 billion in foreign exchange losses, higher finance costs, and increased taxes.
- To offset net income volatility and maintain investor confidence, Nexon is doubling its dividend forecast and launching a ¥20 billion share repurchase program.
Nexon Q3 2024 Earnings Prepared Remarks
Nexon’s third-quarter 2024 earnings report outlines a strategic focus on long-term growth through a dual-pronged approach of vertical franchise expansion and horizontal portfolio diversification.
- Nexon achieved record Q3 2024 results with ¥135.6 billion in revenue (up 13% YoY) and ¥51.5 billion in operating income (up 11% YoY).
- The company targets ¥750 billion in annual revenue and ¥250 billion in operating income by 2027, supported by a 15% revenue CAGR and 17% operating income CAGR.
- Dungeon&Fighter grew 142% YoY, primarily driven by the successful launch of its mobile version in the Chinese market.
Nexon FY2024 Q2 Earnings Conference Call: Q&A Summary
Nexon’s second-quarter fiscal year 2024 earnings discussion centers on the company’s strategy to balance the performance of established intellectual properties with the development of new global titles.
- Nexon is actively diversifying its revenue beyond the Dungeon&Fighter franchise by pursuing vertical expansion of existing IPs and horizontal development of new titles like The First Descendant and ARC Raiders.
- The First Descendant has achieved significant global traction, with over 60% of its player base originating from console platforms.
- Nexon is employing a conservative financial strategy for The First Descendant, deferring more than 50% of sales over a period of up to 18 months.
The First Descendant: Earnings Letter Q2 2024
Nexon’s Q2 2024 performance reflects a successful execution of its IP Growth Initiative, a strategy focused on expanding established franchises into new platforms and markets while simultaneously developing new intellectual properties.
- Nexon achieved record-high Q2 2024 results with ¥122.5 billion in revenue, a 30% year-over-year increase, and a 64% rise in operating income to ¥45.2 billion.
- Growth was primarily driven by the launch of Dungeon&Fighter Mobile in China, which maintained a top-grossing position for over 11 weeks, and the debut of the new IP The First Descendant.
- The Dungeon&Fighter franchise saw revenue more than double year-over-year, while the MapleStory franchise grew 9%, supported by a 43% increase in global mobile revenue and a 30% increase in PC revenue outside of Korea.
NEXON Q2 2024 Earnings Prepared Remarks
Nexon achieved record-breaking financial results in the second quarter of 2024, reporting a 30% year-over-year increase in revenue and a 64% surge in operating income.
- Nexon reported strong Q2 2024 growth with a 30% year-over-year revenue increase and a 64% surge in operating income.
- The launch of Dungeon&Fighter Mobile in China was a primary growth driver, maintaining a top-ranking position for over 11 weeks.
- The First Descendant achieved significant global traction, with console players accounting for approximately 60% of its North American user base.
Nexon Q2 2023 Earnings Prepared Remarks
Nexon’s second-quarter 2023 financial results demonstrate a robust business model centered on long-term live service management rather than traditional, hits-driven cycles.
- Nexon achieved a 12% year-over-year revenue increase to 94.4 billion yen and a 22% rise in operating profit to 27.6 billion yen in Q2 2023.
- The company has recorded five consecutive quarters of double-digit top-line growth, fueled by flagship franchises including MapleStory, Dungeon&Fighter, and the FIFA series.
- Nexon is accelerating its 100 billion yen share repurchase program, with a new completion deadline set for August 2024 to address market valuations.
Nexon Q1 2023 Earnings Prepared Remarks
Nexon’s first-quarter 2023 earnings report details a record-breaking period characterized by significant year-over-year growth in both revenue and operating income.
- Nexon achieved record-breaking Q1 2023 results, reporting a 36% year-over-year revenue increase and a 46% rise in operating profit.
- Financial growth was primarily driven by the sustained performance of established franchises, specifically FIFA ONLINE 4 and Dungeon&Fighter.
- Regional performance exceeded internal expectations in China and Japan, while results in Korea, North America, and Europe aligned with projections.
Nexon Q1 2023 Earnings Results
Nexon’s first-quarter 2023 financial results demonstrate a period of significant growth, characterized by record-breaking quarterly revenue of ¥124.1 billion, a 36% increase year-over-year.
- Nexon achieved record-breaking Q1 2023 revenue of ¥124.1 billion, representing a 36% year-over-year increase.
- Operating income grew by 46% to ¥56.3 billion, driven by strong performance in key franchises like Dungeon&Fighter, FIFA ONLINE 4, and Blue Archive, alongside disciplined cost management.
- Net income reached ¥52.8 billion for the quarter, supported by favorable foreign exchange gains.
NEXON FY2022 Q2 Earnings Conference Call: Q&A Summary
The Nexon FY2022 Q2 earnings conference call highlights the company’s strategic shift toward long-term live operations and the development of immersive virtual worlds.
- Nexon is shifting its strategic focus from short-term monetization to sustainable, multi-year engagement, particularly for the China Dungeon&Fighter franchise.
- The company is prioritizing the release of Embark Studios' Project Discovery while postponing ARC Raiders to 2023 to integrate a new player-versus-player mode and ensure product quality.
- FIFA ONLINE 4 and its mobile version achieved strong performance driven by consistent content updates and marketing rather than reliance on seasonal events.
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