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Nexon income fell by 6% year-over-year to ¥79.7 billion ($531.3 million) in This fall 2024.
The corporate recorded an working lack of ¥1.7bn ($11.3m), impacted by a ¥7.0bn ($46.7m) impairment loss. Excluding this, working revenue was ¥5.3 billion ($35.3m). Web revenue exceeded expectations at ¥32bn ($213.3m).
Nexon stated that it achieved record-breaking full-year income of ¥446.2bn ($2.97bn) in 2024, a 5% enhance YoY pushed by Dungeon & Fighter Cellular in China. Working revenue declined 8% to ¥124.2bn ($828m) as a consequence of investments in its IP portfolio. Web revenue surged 91% to ¥134.8bn ($898.7m).
Franchise performances
Nexon noticed success in three fundamental franchises in 2024 together with MapleStory, Dungeon&Fighter, and FC. The three franchises grew by 10% YoY to ¥330.7bn ($2.2bn), making up 74% of complete income (up from 71% in 2023).
Dungeon & Fighter led the expansion, surging 53% following the profitable launch of Dungeon & Fighter Cellular in China. Nevertheless, development slowed in This fall and into early 2025 for Dungeon & Fighter Cellular.
“The next New 12 months replace launched in Q1 has been gradual to retain customers in addition to entice new and returning gamers,” stated Nexon. “In consequence, we anticipate a lower-than-anticipated Q1 income.”
Nexon goals to develop in China by providing extra diversified, “hyperlocalised” content material and new experiences to draw a broader viewers. To help this, the corporate has entered a co-development settlement with Tencent, leveraging Tencent’s manufacturing capability to assist entice “a variety of gamers in China’s massive recreation market”.
Elsewhere, the MapleStory franchise noticed a income decline in 2024, however International MapleStory grew 24%, now accounting for 35% of franchise income.
Furthermore, the Mabinogi franchise has seen regular development for seven years. Nexon plans to speed up this with a cell enlargement, with pre-registration for Mabinogi Cellular now open forward of its March twenty seventh launch in South Korea.
Imaginative and prescient for the longer term
“Following record-breaking income in 2024, Nexon is dedicated to strengthening established franchises like Dungeon&Fighter for sustained development and profitability,” stated Nexon president and CEO Junghun Lee.
He added: “A disciplined enhance in our personal artistic pressure, plus a brand new co-development settlement with Tencent, will present the sources wanted to drive development. Moreover, seven new video games scheduled for launch by 2027, every have potential to generate annual income over ¥10 billion.
“We have now the imaginative and prescient, plan, and steadiness sheet to drive important development within the years forward. As a mirrored image of our confidence in Nexon’s mid-term development initiative, and to boost shareholder worth, the board of administrators has authorised deploying the corporate’s deep money reserves on a one 12 months ¥100 billion share buyback which can start on February 14th.”
