Nexon had an amazing first quarter of 2018. Its Q2 results, covering the months of April, May, and June, were released today, and they're a little less outstanding, but still positive on a year-over-year basis, even if overall revenue from Q1 to Q2 was cut almost in half.
A reminder: Q1's revenue was 90,514 million Japanese yen (mJPY), with 2/3 of that attributable to China and an amazing Dungeon Fighter promotion. For Q2, Nexon pulled in a more modest 47,794 mJPY, as revenues in China dropped down to a more typical result. That was still enough for overall revenue to be up 2% over Q2 2017.
Of special note in the financial report is Nexon's acquisition of 48.3% of the shares of NAT Games in May and the mobile developer's consolidation in late June. Most of the rest of the outlook focuses on mobile games in all regions. Moonlight Blade and MapleStory 2 highlight the upcoming non-mobile launches in North America and Europe, and Battlerite is on tap for Korea.
Here's an interesting side note: Nexon has decided not to pay dividends of surplus, a.k.a. interim dividends, to its shareholders. According to a statement, the reasoning for this is "to review and execute effective investments for proactive business development for future growth" and "retain the flexibility to continue our growth investments in our global operations." In other words, we need the money to do our business and can't pay out right now.
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
Free-To-Play Online Games On Switch Might Not Require A Subscription
You know the story by now.By Jason Winter - 4 years ago
You May Enjoy
The Ill Omens Skirmish Event Returns To Lord Of The Rings Online, But It Brings Changes This Year
The 5th Season of the Legendary Items Reward Track is almost here as well.By QuintLyn Bowers - 3 days ago
World Of Warships Legends Celebrates The Year Of The Rabbit With Dragons
It’s an interesting choice, but we’re sure players are down for it.By QuintLyn Bowers - 5 days ago
World of Warcraft Classic Tech Lead Leaves Blizzard, Protesting “Stack Ranking” Employee Evaluation System
The system reportedly requires that approximately 5% of employees get a low ranking.By QuintLyn Bowers - 1 week ago
Tower Of Fantasy Introduces A New Special Forces Agent In Next Week's Update
Alyss, codename M-sec 2000 can transform into a fairy for infiltration purposes.By QuintLyn Bowers - 1 week ago
Guild Wars 2 Devs To Showcase Profession Changes In February Stream And New WvW Updates Go Live Tomorrow
The stream will go over all profession details expected to be patched in on February 14th.By Anthony Jones - 5 days ago
Ghostbusters: Spirits Unleashed Launches First Big Free DLC
Introducing the newest ghost type: GluttonBy Aspen Pash - 3 days ago