Nexon Reports Record Q3 Revenue & Earnings Driven by Flagship Titles

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Nexon, the South Korean video game publisher, shared its Q3 earnings report. Nexon reported record Q3 revenue and earnings driven by titles such as MapleStory, FIFA Online 4, Dungeon&Fighter Mobile, and HIT2. They also shared its outlook for Q4.

Nexon’s Q3 revenue increased 28% year-over-year, bringing in a total of ¥97.5 billion ($702 million). PC revenue increased 16%, with revenue of ¥66.5 billion ($479 million), while mobile gaming increased a whopping 67%, bringing in ¥31 billion ($223 million). In total, Nexon ended the quarter with a net income of ¥43.3 billion ($312 million), up 14% compared to Q3 2021.

Nexon expects Q4 to beat its Q3 earnings for another record quarter. Nexon is looking for Q4 revenue to fall between ¥75.5 ($544 million) and ¥83.7 billion ($603 million), which would be a 39% to 54% increase vs. Q4 2021. It is expecting a Q4 net income of ¥10.1 billion ($72.8 million).

Nexon expects great performance from upcoming titles such as Dungeon&Fighter Mobile 2, KartRider: Drift 2, The Finals, ARC Raiders, MapleStory Worlds 2, and others.

Steve Smith

Steve is a tech enthusiast and an avid gamer. He loves writing about, tinkering with, researching and reviewing the latest technology. When not doing something tech related, he enjoys spending time with his family, running, and hiking.

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