NEXON Co., Ltd. Q4 FY2023 Earnings Call
· Earnings call transcript and AI-powered summary
Financial Highlights
- Full-Year 2023 Revenue: JPY 423.4 billion (↑20% YoY) – Record high for Nexon.
- Full-Year Operating Income: JPY 134.7 billion (↑30% YoY).
- Q4 2023 Revenue: JPY 84.6 billion – Fell below expectations due to underperformance in key titles.
- Q4 2023 Operating Income: JPY 4.5 billion – Below outlook due to one-time expenses and cost challenges.
- Q4 2023 Net Income: Below expectations, impacted by impairment on AGBO investment and FX losses.
- Q1 2024 Revenue Guidance: JPY 97.1–107.1 billion (▼22–14% YoY reported; ▼27–19% constant currency).
- Q1 2024 Operating Income Guidance: JPY 15.2–23.4 billion (▼73–58% YoY).
- Q1 2024 Net Income: Expected to decrease YoY.
Key Business Updates
- THE FINALS: Launched December 2023, exceeded internal expectations with 10 million players and Top 5 ranking on Steam despite modest marketing spend; Season 2 to launch in March.
- Dungeon&Fighter (China): Faced in-game economy imbalance due to gold oversupply; aggressive content updates planned to resolve issue in the next few quarters.
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