NEXON Co., Ltd. Q3 FY2023 Earnings Call
· Earnings call transcript and AI-powered summary
Nexon Q3 2023 Earnings Summary
- Record-Breaking Quarter: Nexon reported its sixth consecutive quarter of double-digit year-over-year revenue growth.
- Q3 Financials:
- Revenue: ¥120.3 billion, up 23% YoY (as-reported), 17% YoY (constant currency).
- Operating Profit: ¥46.3 billion, up 47% YoY – record-breaking third-quarter performance.
- Net Income: ¥35.2 billion, down 15% YoY due to an FX gain of ¥26.4 billion in Q3 2022.
- Top Performers:
- MapleStory: Grew 46% YoY in Q3. On track for revenue 3x larger than five years ago. Mobile version launched in China exceeded expectations.
- FC Online/Mobile: Maintained strength post rebrand from FIFA, double-digit YoY growth expected.
- Blue Archive: Strong YoY growth, particularly in Japan and global regions.
- New Titles & Pipeline:
- The Finals (Embark Studios): Open beta garnered 7.5 million downloads. Launch expected before end of 2023. Positioned to be Nexon's “fourth pillar.”
- Arc Raiders: Innovative PvPvE title targeting commercial release in 2024.
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