Nexon Reports Record Revenues and Profits
Nexon reported record revenues and profits today with the release of their Q1 2017 earnings report. Revenue is up a whopping 30% year over year thanks to the strong performance of Dungeon Fighter in China. While Netmarble and most other companies are growing rapidly in Mobile, Nexon still gets the bulk of their revenue growth from PC. PC Revenues grew 40% year over year while mobile revenues shrunk 6%.
China remains the company's largest market at 59% of revenues. North America (Everything on Nexon.net) represents a mere 3% of the company's revenues.
The company's stock price is also sitting at an all time high which reflects the strong operating performance of the company. Nexon's pipeline for 2017 and beyond currently looks like:
Peria Chronicles seems to be missing from their pipeline, which leads me to believe that it isn't anywhere close to release just yet.
Some highlights from Nexon's Q1, 2017 Earnings Report
- Highest revenues since Q3 2015 in Japan. "Heroes of Incredible Tales" and "Hide and Fire" are big hits in japan.
- Dynasty Warriors: Unleashed is off to a strong Start, Especially in Asia
- Lawbreakers is still expected to launch in Western markets in 2017.
- MapleStory continued to perform well with Year-over-year growth in South Korea.
- MapleStory 2 CBT continues in China (Started in March, 2017)
- Moonlight Blade and Titanfall Online set to launch in South Korea later in 2017.
Source: Nexon Investor Presentation
