Nexon Boasts Of Best Q2 Ever, But Will Have A Hard Time Keeping Pace In Q3

Jason Winter
By Jason Winter, News Editor
Share:

Nexon revealed its Q2 2019 financial report earlier today, and it was billed as yet another record-breaking quarter for the company, whose revenue was driven by "Solid Performance of Major Franchises." Revenue for the quarter totaled 53.9 billion Japanese yen (about $508 million) and were "at the high-end of our outlook," up 13% from the previous year's Q2.

That money was roughly split between China (39%) and Korea (36%), with Japan (9%), North America (7%) and Europe/others (9%) making up the rest, while the PC gaming share of revenue was 71%. Last quarter, China accounted for 62% of revenue -- boosted by Dungeon&Fighter's strong performance, which was not repeated in Q2 -- and 83% of revenue came from PC games.

Dungeon&Fighter's drop resulted in a revenue total for Q2 that was well beneath Q1's -- 53.9 billion yen versus 93.1 billion yen -- but it was still the biggest, and hence "record-breaking," Q2 on record for the company. Nexon said that the results "demonstrated Nexon's thesis that good live operations can make games grow over the long time frames while they may fluctuate in the short term." Overall, revenue for the first six months of 2019 are up 6.2% over revenue for the same period in 2018.

That trend may not continue for the rest of the year. Nexon predicts greater revenue for Q3 2019 than in Q2, but the strong performance of Q3 2018 should still put the current year behind the previous. Overall 2019 operating income and net income are also expected to lag behind 2018's numbers through three quarters. "Expect year-over-year decrease," or a similarly worded version of it, headlines the outlooks for each region. Oh, the perils of having a good quarter!

You can check out Nexon's Q2 2019 financial statement here.

Share:
Got a news tip? Contact us directly here!

About the Author

Jason Winter
Jason Winter, News Editor
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.

Discussion (0)


Read Next

Wargaming Announces New 3rd Person Shooter, Caliber

Wargaming Announces New 3rd Person Shooter, Caliber

Today, the company responsible for everyone's favorite large military vehicle battle games, Wargaming, announced a new third-person shooter titled Caliber.

By QuintLyn Bowers - 3 years ago

You May Enjoy

The Elder Scrolls Online: Scribes Of Fate DLC Lands On Consoles Today

The Elder Scrolls Online: Scribes Of Fate DLC Lands On Consoles Today

Two new dungeons and more now on your console of choice.

By Troy Blackburn - 3 days ago
Watch The New Trailer For Lan, Coming To Tower Of Fantasy Next Week

Watch The New Trailer For Lan, Coming To Tower Of Fantasy Next Week

Lan arrives in update 2.4.

By Troy Blackburn - 1 week ago
Mad World Drops New Launch Trailer, Release Date To Be Announced Next Week

Mad World Drops New Launch Trailer, Release Date To Be Announced Next Week

We're finally getting an answer to "when?" for Mad World.

By Troy Blackburn - 1 week ago
Is It An MMO? #3 — Blue Protocol May Be Just An Action RPG, But It Sure Seems Like An MMO

💣 Feature | Is It An MMO? #3 — Blue Protocol May Be Just An Action RPG, But It Sure Seems Like An MMO

It's not so different from Final Fantasy XIV, Guild Wars 2, and The Elder Scrolls Online.

By Matthew D'Onofrio - 2 days ago
Real-Time F2P Battler 'Spellcraft' Will Debut Public Alpha Testing On Steam In April

Real-Time F2P Battler 'Spellcraft' Will Debut Public Alpha Testing On Steam In April

Control an entire team of heroes in real-time battler Spellcraft.

By Troy Blackburn - 1 week ago
Guild Wars 2’s Super Funky Super Adventure Festival Is Back

Guild Wars 2’s Super Funky Super Adventure Festival Is Back

The yearly festival is now live.

By QuintLyn Bowers - 3 days ago