FIFA World

Analyst Bulletin: Mobile Game Market Review November 2022

The mobile gaming market in November 2022 was characterized by a surge in high-profile brand collaborations and seasonal event integration, particularly surrounding the FIFA World Cup.

• Major mobile titles including Call of Duty Mobile, PUBG Mobile, and Mobile Legends: Bang Bang leveraged the November 2022 World Cup to drive engagement through athlete-themed character skins and in-game events.
• Goddess of Victory: Nikke achieved significant international success, ranking in the top 30 grossing in the US and the top 5 in Japan following its early November launch.
• My Singing Monsters, a title released in 2012, returned to the top 50 grossing charts in November 2022, driven primarily by viral popularity on TikTok.

Top Mobile Games by Revenue and Downloads: November 2022

The mobile gaming market in November 2022 experienced notable shifts in both download volume and revenue generation, as captured by global performance data.

• Goddess of Victory: Nikke emerged as a significant new revenue generator in November 2022, topping Android revenue charts and reaching fifth on iOS, earning $94 million across both platforms.
• The game's revenue, however, showed a decline by the end of November, dropping from $5.8 million to $1.7 million daily, suggesting its peak might be short-lived.
• The top downloaded games chart saw considerable changes, with previous leader Gangster Crime disappearing and recent hits like Stumble Guys and Survivor.io losing positions.

FY2022 Presentation Material

CyberAgent's FY2022 performance demonstrates a company experiencing sustained top-line growth, driven by its advertising and media segments, while navigating significant profitability challenges primarily stemming from its game business.

• CyberAgent achieved 710.5 billion yen in sales in FY2022, marking 25 consecutive years of growth, primarily driven by its advertising and media segments.
• Operating profit for FY2022 declined by 33.8% to 69.1 billion yen, with a projected further drop to 40-50 billion yen in FY2023, largely due to challenges in the game business and strategic investments.
• The game business experienced a significant downturn in FY2022, with sales decreasing by 13.1% to 228.3 billion yen and operating profit falling by 37.2% to 60.5 billion yen.

FY2022 Consolidated Financial Results (Japanese GAAP)

CyberAgent achieved record net sales of ¥710.6 billion for the 2022 fiscal year, representing a 6.6% year-on-year increase.

• CyberAgent achieved record net sales of ¥710.6 billion in FY2022, a 6.6% year-on-year increase, despite a 33.8% decline in consolidated operating income to ¥69.1 billion.
• The Game Business experienced a significant contraction, with sales falling 13.1% and operating income dropping 37.2% due to the natural slowdown of major titles and a shift in revenue recognition policies.
• The Internet Advertisement Business grew by 17.3% and the Media Business, driven by the ABEMA platform, surged by 35.3%, signaling a strategic pivot toward media infrastructure.

Store Intelligence Data Digest: Q4 2022

The fourth quarter of 2022 delivered a nuanced portrait of the mobile-app ecosystem, tracking download activity across the world’s two dominant storefronts and highlighting shifts in consumer preference.

• Global mobile app installs remained stable at 35.5 billion in Q4 2022, with the Apple App Store growing 2.4% to 8.1 billion downloads while Google Play contracted 0.9% to 27.5 billion.
• Meta maintained significant market influence, with Instagram reclaiming the top-ranked global position and Meta’s portfolio occupying half of the top-ten most downloaded apps.
• The FIFA World Cup drove massive engagement in sports gaming, resulting in quarter-over-quarter growth of 136% for FIFA Mobile and 112% for Soccer Super Star.

2Q FY2022 Presentation Material: January to March 2022

CyberAgent’s financial performance for the second quarter of fiscal year 2022 reflects a period of robust growth across its core business segments, characterized by consolidated sales of 191.1 billion yen and an operating profit of 25.7 billion yen.

• CyberAgent reported Q2 FY2022 consolidated sales of 191.1 billion yen and an operating profit of 25.7 billion yen, marking a 16.9% year-over-year revenue increase.
• The Game business generated 69.0 billion yen in sales and 21.3 billion yen in operating profit, driven by anniversary events for major titles including Uma Musume Pretty Derby and Granblue Fantasy.
• The full-year operating profit forecast is projected to decline by 32.9% to 70 billion yen due to heavy upfront media investments and the expected normalization of gaming sector performance.

NEXON FY2015 Q2 Earnings Presentation: Summary of Q&As

This summary of the Nexon FY2015 Q2 earnings question-and-answer session outlines the company’s strategic outlook, operational performance, and financial expectations.