Nexon Calls 2021 A Year For "Investing In Growth," Will Be "Implementing Growth" In 2022.

Full-year revenue down 6%, Bitcoin investment somehow has a "revaluation gain."

Jason Winter
By Jason Winter, News Editor February 8, 2022
Share:

Blue Archive Key Art

In a break with tradition, Nexon didn't label its most recent quarter's financials as the "best ever." In fact, revenues for Q4 2021 were down 18% from Q4 2020 and total-year figures were down 6%, to ¥274.5 billion, or $229 million. Some of that decline could be attributed to the buff that pretty much all game developers had to their revenue in 2020. That was noted in the Q3 results as well, though you'd have to think that investors don't want to hear about all that. It always needs to be up, up, up!

Also noted in the Q4 results: "a revaluation gain of ¥1.2 billion due to movements in the market price of bitcoin." We're not sure how it managed to "gain," but in any case, "revaluation" sounds a lot better than "down 40%," which is what happened to Nexon's $100 million bitcoin investment earlier in the year.

Enough with the bad news -- there has to be something good to report, right? Mobile RPG Blue Archive launched in Q4 and helped prop up revenue, keeping the quarter from looking like a total disaster, and it actually led to the best revenue in a year in North America and Europe. MapleStory and MapleStory M revenue also shot up by double-digit percentage points year-over-year in several regions.

Nexon labeled 2021 as a year for "Investing in Growth," while 2022 will be a year for "Implementing Growth," with the "Biggest year of new releases in Nexon's history," including Mobile Dungeon&Fighter in Korea on March 24, KartRider: Drift, ARC Raiders, and more. 2023 will see "Step-function Growth," featuring full-year releases for those games, as well as new titles from Embark Studios and Nexon Korea, and market and platform growth.

Embark's efforts, it should be noted, are billed as "Procedurally painting environments saves time and money -- frees developers to focus on creative work." That's under the "tech" label, while under the IP banner mentions the Warhammer: Age of Sigmar title that's coming to multiple platforms.

You can check out Nexon's financial report on its investors relations page.

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)


You May Enjoy

Destiny 2 To Launch New Dungeon On May 27

Destiny 2 To Launch New Dungeon On May 27

Get new legendary armor sets.

By QuintLyn Bowers - 1 week ago
Without Even Leaving Early Access, Scavengers Is Headed To Maintenance Mode

Without Even Leaving Early Access, Scavengers Is Headed To Maintenance Mode

Well, the PC version anyway.

By QuintLyn Bowers - 1 week ago
MechWarrior Online's Long-Coming May Patch Launches Event Mode Queue, Improves Skill Trees, And More

MechWarrior Online's Long-Coming May Patch Launches Event Mode Queue, Improves Skill Trees, And More

Coming in June is a hot new mech and more features!

By Anthony Jones - 3 days ago
Splitgate’s Beta Season 2 Brings Changes to Leveling System

Splitgate’s Beta Season 2 Brings Changes to Leveling System

Players are also given a new way to flex their skills with new badges.

By Aspen Pash - 2 days ago
Albion Online's 12th Major Update, Into The Fray, Overhauls Magic Staffs, Brings New Portal Towns, And More

Albion Online's 12th Major Update, Into The Fray, Overhauls Magic Staffs, Brings New Portal Towns, And More

The 5v5 PvP gets some love too, featuring two big changes!

By Anthony Jones - 1 week ago
Enad Global 7 Cancels Marvel MMO, Shifts Money Back To Existing Library

Enad Global 7 Cancels Marvel MMO, Shifts Money Back To Existing Library

Sometimes it’s better to keep doing what you know.

By QuintLyn Bowers - 3 days ago
See More
Live Giveaways