Nexon sales slip in Q3
Nexon sales slip in Q3MapleStory publisher shows modest revenue growth, but can’t offset double-digit percentage declines everywhere elseBrendan SinclairManaging EditorThursday 7th November 2019Share this article Recommend Tweet ShareCompanies in this articleNexonNexon today released its quarterly earnings report for the three months ended September 30, and the results showed a downward trend in sales almost across the board.Revenue was down 24% year-over-year to ¥52.36 billion ($479.2 million), with steep declines across all its major markets except one. Nexon’s largest market, Korea, saw revenues tick up 2% for the quarter, driven by strong performances from FIFA Online 4 and MapleStory M. The company’s second-largest market, China, suffered the largest decline, with revenues down 43% year-over-year primarily due to the performance of its PC online title Dungeon&Fighter. An 11th anniversary update to Dungeon&Fighter in June “was not received well by users,” the company said, and updates and in-game events since then have been unable to boost the number of paying users.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games Worldwide, the company’s PC gaming business saw sales drop 27% year-over-year, with mobile game revenues sliding 15%.While the company’s sales may be struggling, its bottom line improved, with third quarter net income up 79% year-over-year to ¥39.84 billion ($364.6 million). However, the company noted that more than a third of that net income was attributable to foreign exchange rates.For the fourth quarter, Nexon expects to post revenues down 4% to 10% year-over-year, with net income up 16% to 45% in the ¥7.57 billion ($69.3 million) to ¥9.42 billion ($86.2 million) range.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesNexon invests $874m in Bandai Namco, Konami, Sega and HasbroMore investments to come as part of $1.5 billion initiative to support “overlooked and undervalued” entertainment firmsBy James Batchelor A month agoFinal Fantasy XI mobile reboot officially cancelledNexon and Square Enix indicated that the title didn’t meet expectations, despite having been in development for five yearsBy Marie Dealessandri A month agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.