Nexon Has Best Ever Q3, Expects Upward Trend In Q4
Nexon released its Q3 2020 financial statement earlier today, and while it's not quite as effusive as previous installments, it was still good news (almost) all around for the developer. This year marked the company's best-ever Q3 revenue, up 52% from Q3 2019, despite the postponement of the next installment of one of its biggest franchises.
While mobile revenue skyrocketed in the quarter, up 140% from Q3 2019, PC revenue also saw an uptick, up 20% compared to the same quarter. Both were also up about 20% from Q2's results. The results come despite Dungeon&Fighter mobile missing its expected launch in China, but the difference was more than made up by the strong performance of several games in Korea, including the newly launched V4 and The Kingdom of the Winds: Yeon. That game is a mobile adaptation of one of the world's oldest MMORPGs, having initially launched back in 1996.
North America and Europe also saw positive trends for the quarter, with V4 again taking some of the credit, along with MapleStory and its mobile version.
For Q4, Nexon expects another solid showing, projecting a year-over-year revenue increase of 23% to 33%. The numbers will again be driven by Korea, which has already matched its revenue total from all of 2019. For the most part, that will be driven the same franchises that led to its good Q3, without including Mobile Dungeon&Fighter.
In the pipeline for the future includes the usual suspects, including KartRider: Drift, Mabinogi Mobile, and Embark Studios' project. Added to the list of mobile games in development for Korea and the Rest of the world is a mouthful of a game: "KonoSuba: God's Blessing on this Wonderful World! Fantastic Days." I think the localization team will need to work a little on making that title a bit more palatable if it ever comes West.
You can view Nexon's Q3 financial statement here.
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.
MechWarrior Online Gets Another Five Years, Asks Fans For Input
MechWarrior Online developer Piranha Games is enlisting the help of fans to decide the direction of future development of the game.By Jason Winter - 2 years ago
You May Enjoy
Elsword Creator KOG Announces Global Beta Test for New F2P Post-Apocalyptic Shooter "Return Alive"
Because we can never have enough shooters set in the apocalypse.By QuintLyn Bowers - 1 day ago
Hearthstone Patch 26.4 Is Live Today, Featuring The Audiopocalypse Mini-Set With New Cards
Players can also look forward to the Epic Duels of Rock Legends special event and a new Tavern Brawl coming soon.By Matthew D'Onofrio - 3 days ago
Life Is Feudal Is Coming Back, But Will Cost You $20 Per Month
They're calling it a "test" for now.By Troy Blackburn - 1 day ago
Swords Of Legends Online Becomes Exactly That, A Legend, As Shutdown Is Announced
It's been literal MONTHS since the game received an update that wasn't just new cosmetic items.By Michael Byrne - 2 days ago
Overwatch 2 Celebrates LGBTQ+ Pride With New Profile Icons And Name Cards
Celebrate your Pride with these account cosmetics.By Troy Blackburn - 4 days ago
Some Redfall Devs Were Hoping The Game Would Be Cancelled Following Microsoft Acqusition
There was never a clear vision during development.By Troy Blackburn - 2 days ago