NEXON Co ( (NEXOF) ) has released its Q4 earnings. Here is a breakdown of the information NEXON Co presented to its investors.
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NEXON Co., Ltd., a major player in the online gaming industry, is renowned for its development and service of PC online and mobile games, including popular titles like MapleStory and Dungeon&Fighter. The company, listed on the Tokyo Stock Exchange, focuses on leveraging its IP Growth Initiative for expanding its gaming repertoire globally.
In its latest earnings report for the fiscal year ending December 31, 2024, NEXON reported a 5.4% year-over-year increase in revenue, reaching ¥446,211 million. Despite this growth, operating profit fell by 7.8% to ¥124,176 million. Notably, profit before tax saw a significant boost of 55.6% year-over-year, amounting to ¥195,987 million, while profit attributable to owners surged by 91.0% to ¥134,848 million.
Key performance highlights include the successful launch of Dungeon&Fighter Mobile in China and the record-breaking revenue from The First Descendant. However, the company faced challenges with MapleStory’s revenue, which dipped due to a high comparison base from the previous year. Geographic segments showed varying results, with substantial revenue growth in North America and a decline in China.
Looking ahead, NEXON’s management remains cautiously optimistic about its prospects. The company forecasts revenue growth for the first quarter of 2025, driven by new game launches and revitalization strategies. However, it anticipates some challenges due to fluctuating revenues from established franchises like EA SPORTS FC™.
