NEXON Co., Ltd. Q1 FY2025 Earnings Call
· Earnings call transcript and AI-powered summary
Financial Highlights (Q1 2025 vs Q1 2024)
- Total Revenue: JPY 113.9 billion, up 5% YoY (9% on constant currency basis).
- Operating Income: JPY 41.6 billion, up 43% YoY; exceeded expectations due to better-than-expected performance from core franchises and lower-than-planned marketing and HR costs.
- Net Income: JPY 26.3 billion, down 27% YoY due to FX losses (JPY 4.2 billion in 2025 vs FX gain of JPY 10.7 billion in 2024) and an impairment loss of JPY 1.6 billion.
Franchise Performance
- Dungeon&Fighter: Revenue increased 60% YoY—driven by strong PC growth in Korea (achieved record high quarterly revenue) and launch of Khazan. Mobile revenue in China was below expectations due to weaker-than-anticipated DAUs. Significant turnaround from Q4 2024.
- MapleStory: Total revenue up 8% YoY. Korean PC version up 43% YoY due to successful winter update. Western markets saw 35% revenue growth YoY. Global revenue slightly down due to tough comparison with record Q1 2024.
- FC Franchise: Declined YoY but exceeded expectations for FC ONLINE. FC MOBILE underperformed.
- MABINOGI MOBILE: Launched March 27 in Korea; exceeded expectations. Ranked #1 most popular and #3 highest grossing game on Android, and #1 grossing on iOS in launch window.
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