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.