Nexon’s Pretty Pleased With Its 2022 First Quarter Earnings
Go figure that mobile games make money.
Nexon has released its quarterly reports for the first part of 2022 and it seems things are going pretty well for the publisher. According to the report, the company’s revenues were about $710 million USD, a 3% increase over last year – although a bit lower than what they’d expected. Still, their operating income was down 11% for a decrease of about $300 million USD. The result was a net income of $312 million USD.
The bulk of profit comes from the company’s latest mobile property, Dungeon&Fighter Mobile. Dungeon&Fighter Mobile launched in Korea on March 24 and hit the #1 spot on both the App Store and Google Play immediately. It also added almost 20% in profits to what the PC version of the game was already bringing in. Speaking of, Dungeon&Figther on PC bolstered the IP's overall profits with Lunar New Year package sales in China.
Other older games aren’t doing quite as well, but they are still doing okay. MapleStory’s sales are down from last year. It makes sense as sales did shoot up for most game devs during the height of the pandemic. The good news is that the company has already seen an increase over the last quarter and is expected to reach those highs again.
The company also revealed its expectations for the second quarter of 2022 and is planning for revenue to increase 45% to 56% over the same time last year. Overall, not a bad period for the company. Of course, we all know more money is better.
About the Author
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various hobby sites a little over ten years ago and has taken on various roles in the games community.
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