Nexon cellular income falls 20% following yr of “constructing and funding” | Pocket


Nexon has revealed its monetary outcomes for the monetary yr ending December 31 2022.

The agency reported its revenues had been down 6.1 per cent to ¥274 billion (roughly $2.4 billion). The agency acknowledged that the slight decline in income is because of a “difficult comparability” with the earlier monetary years.

Nexon indicated that income decreases had been seen in China, North America, and Europe, whereas income remained flat in Korea, Japan, and its different interational operations.

For the yr, Nexon’s cellular operations generated ¥78 billion ($677 million), representing a lower of 19.6 per cent year-over-year. South Korea generated nearly all of the agency’s cellular income at ¥50.2 billion ($434 million), roughly 64.4 per cent. In complete, Nexon’s cellular revenues accounted for roughly 28.4 per cent of total income for the yr.

Collectively, Nexon’s working revenue for 2021 reached ¥91.5 billion ($794 million), a lower of 17.9 per cent year-over-year. Nevertheless, the agency’s internet revenue elevated 103.8 per cent year-over-year at ¥113 billion ($980 million).

Constructing and investing

“2021 was a yr of constructing and funding – we centered on constructing new franchises whereas enhancing our present Digital Worlds,” stated Nexon president and CEO Owen Mahoney.

“In China, we introduced in new artistic management on Dungeon & Fighter and scaled again our monetisation technique whereas we rebuild engagement with new content material. In Korea, we labored on solidifying relationships with gamers forward of one other interval of dynamic development. In each circumstances, the work we’ve executed in 2021 and the primary quarter of 2022, is predicted to re-energize development in the remainder of the yr.

“2021 is behind us now and we’re in a countdown to the largest yr of recent releases in our firm historical past, together with three main new Digital Worlds.

“The launch of three new Digital Worlds, layered onto the constant income from our present video games, will place us to exit 2022 with a step-change enchancment to our long-term development trajectory.”

Going ahead, Nexon is its pipeline of upcoming video games which it claims to be its greatest yr of recent releases, with upcoming titles together with ARC Raiders and KartRider: Drift.

To begin, Nexon revealed earlier this week that it’s launching Dungeon & Fighter in South Korea on March 24, increasing the sport’s viewers outdoors of China.


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