Nexon Boasts Of Best Q2 Ever, But Will Have A Hard Time Keeping Pace In Q3
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.
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.
You May Enjoy
Blizzard Removing Suggestive Jokes From World Of Warcraft While Players Remove Themselves
The two things aren’t exactly related, but things are definitely tumultuous in WoW right now.By QuintLyn Bowers - 1 week ago
Community, Choirs, Composers, And Orchestras Collide In Recording Of New Dauntless Theme
See what went into the making of the new theme in latest dev blog video.By Michael Byrne - 2 weeks ago
Bless Unleashed’s First PC Update Adds Twisted Spider Queen Boss But May Have To Close The Marketplace
It also introduces new UI improvements.By QuintLyn Bowers - 1 week ago
Sega Outlines Changes To The Meseta System In PSO2: New Genesis
The changes are designed to address player feedback on the system.By QuintLyn Bowers - 1 week ago
Epic Games Announces Fortnite Crossover With Really Expensive Clothing Company
Now you too can purchase a denim jacket with the Fortnite logo on the back for the price of a computer.By QuintLyn Bowers - 4 days ago
Since You Probably Don't Have Enough Launchers, Riot Is Releasing One For All Their Titles
Because I am sure you wanted yet another client launcher on your PC.By Michael Byrne - 1 week ago