Nexon mentioned its second-quarter earnings had been pushed by Dungeon&Fighter Cell within the Chinese language market. And it additionally mentioned The First Descendant, a brand new Nexon mental property, launched globally on July 2 and rapidly turned a top-seller on Steam.
North American gamers comprised the very best quantity globally and console gamers made up roughly 60% of the full. That’s a great factor as Nexon is focused international enlargement, past its roots in South Korea and the remainder of Asia.
“We are extremely pleased with our recent progress which includes breakaway performances by Dungeon&Fighter Mobile in China and a brand new IP, The First Descendant,” mentioned Junghun Lee, CEO of Nexon, in an announcement. “These represent important proof points for Nexon’s IP Growth Initiative, which leverages extensions on our well-established IP, together with the development of all new games with potential to become enduring pillars of our IP portfolio.”
Lee took over as CEO just lately after the retirement of longtime CEO Owen Mahoney.
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Dungeon&Fighter Cell in China launched on Might 21 and sustained the highest grossing place on China’s iOS chart for greater than 11 weeks – making it probably the most profitable cellular releases in that nation’s historical past.
Q2 income was ¥122.5 billion, up 30% yr over yr on an as-reported foundation and up 19% on a constant-currency foundation, which exceeded our outlook. Working revenue exceeded our expectations – up 64% yr over yr to ¥45.2 billion, pushed by vital income outperformance, whereas recording higher-than-expected performance-based bonuses.
Web revenue was ¥39.9 billion, up 63% yr over yr. Outcomes exceeded our outlook, primarily because of working revenue outperformance and an FX acquire of ¥8.2 billion.
In Q2, three main franchises – Dungeon&Fighter, MapleStory and FC – in mixture delivered sturdy year-over-year development of 57%.
Each FC On-line and FC Cell exceeded expectations. Nonetheless, as anticipated, FC Online5 income was down yr over yr because of a difficult comparability with Q2 2023.
The April debut of the animated collection Blue Archive has expanded the IP fanbase. Worldwide, sport income set a Q2 report pushed by double-digit development in Japan and a contribution from the China service.
Concerning The Finals, Nexon mentioned ongoing changes to the sport’s steadiness and modes are designed to enhance participant retention.
Nexon and Embark Studios introduced agreements with Tencent to customise The Finals and ARC Raiders to attraction to gamers in China.
