NEXON Co., Ltd. Q4 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

  • Record Performance: Q4 2022 revenue grew 49% YoY to JPY 81.1 billion, the highest Q4 revenue in Nexon's history. Full-year 2022 revenue reached a record JPY 353.7 billion, up 29% YoY.
  • Operating Profit: Q4 operating income surged 269% YoY to JPY 11 billion. Full-year operating income increased 13% YoY to JPY 103.7 billion, despite higher HR and marketing expenses.
  • Net Income: Full-year net income fell 13% YoY to JPY 100.3 billion due to FX losses and one-time tax benefits in 2021. Q4 saw a net loss of JPY 7.9 billion due to FX-related losses of JPY 25 billion.
  • Geographic Highlights:
    • Korea: Record Q4 revenue of JPY 51 billion, +62% YoY, driven by FIFA ONLINE 4 and MapleStory growth. Mobile revenue +63% YoY despite underperformance from HIT2 and D&F Mobile.
    • China: Revenue +55% YoY, driven by strong D&F PC performance. Q4 active users and engagement increased; Q1 2023 guidance suggests continued double-digit growth.
    • Japan: Revenue +14% YoY, buoyed by Blue Archive and TalesWeaver: SecondRun despite declines in some titles.
    • North America & Europe: Revenue -6% YoY due to declines in Choices and Blue Archive despite MapleStory growth.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good day, everyone, and welcome to NEXON's Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions]. At this time, I would like to turn the call over to Takanori Kawai, Team Leader of Investor Relations. Takanori Kawai: Hello, everyone, and welcome to NEXON's earnings conference call. Thank you for joining us today. With me are Owen Mahoney, President and CEO of NEXON; and Shiro Uemura, CFO. Today's call will contain forward-looking statements, including statements about our results of operations and financial condition such as revenues attributable to our key titles, growth prospects, including with respect to the online games industry, our ability to compete effectively, adapt to new technologies and address new technical challenges, our use of intellectual property and other statements that are not historical facts. These statements represent our predictions, projections and expectations about future events, which we believe are reasonable or based on reasonable assumptions. However, numerous risks and uncertainties could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Information on some of these risks and uncertainties can be found in our earnings-related IR documents. We assume no obligation to update or alter any forward-looking statements. Please note, net income refers to net income attributable to owners of the parent as stated in NEXON's consolidated financial results.

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional