Nexon Financials: Strong In China, Korea, Less So In Japan, NA, Europe
Earlier in the week, we learned about NCSoft's pretty good financial picture as of the end of 2014, and today it was Nexon's turn.
First, the good news: Q4 evenues in China and Korea were up substantially year-over-year, with growth of 36% and 52%, respectively. Overall revenue was up 42.9 billion yen -- about $360 million -- in Q4, a year-over-year increase of 25%.
Outside of China and Korea, things aren't as bright. Japan is singled out as a sore spot, with the "right strategy, but not executed well enough" -- which reads like the leadership was just fine, it was just those pesky employees who screwed everything up, please don't fire us, we're executives!
And if you need any notion of what Nexon's investment in the West is like, this one chart should tell you everything you need to know:
That said, Nexon did announce "year-over-year revenue growth from key PC titles, MapleStory, Mabinogi, and Vindictus, supported by improved operations and marketing" in North America, Europe, and other Western regions.
Nexon remains optimistic about 2015, though, with several games scheduled to launch in the coming year, billed as the "richest pipeline in Nexon's history."
You can read the full financial report 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.
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