Nexon Record Breaking Q1 Revenue On The Backs of FIFA Online 4 & FIFA Mobile, MapleStory And KartRider: Drift Below Expectations
FIFA is doing work for Nexon.
Nexon has released its first-quarter earnings report for 2023 today, and they are saying it was a record-breaking quarter for them.
In Q1 Nexon achieved record-breaking quarter revenue of ¥124.1 billion, up a whopping 36% year over year. This revenue was driven by FIFA Online 4 and FIFA Mobile in Korea, Dungeon & Fighter in China, and Blue Archive globally.
Net income was up 31% at ¥52.8 billion year over year due in part to a ¥5.6 billion FX gain, primarily on U.S. dollar-denominated cash deposits.
While FIFA Online 4, FIFA Mobile, and HIT2 were up in Korea, MapleStory was below their quarterly outlook due in part, they say, to the player perception of an imbalance in difficulty levels between game servers.
Revenue in North America and Europe was up 10% YoY driven by MapleStory and Blue Archive.
KartRider: Drift has fallen below expectations globally, and Nexon says they are working on improvements based on player feedback.
Veiled Experts is heading towards Early Access on May 19th following a completed beta test in which Nexon says the game showed good retention.
Nexon expects growth in Q2 as well, projecting revenue in the range of ¥88.4 to ¥96.7 billion, representing a 5% to 15% increase year over year on an as-reported basis and a 7% to 17% increase on a constant-currency basis.
Related Articles
About the Author

Troy “Noobfridge” Blackburn has been reporting on the video game industry for over a decade. Whether it’s news, editorials, gameplay videos, or streams, Noobfridge never fails to present his honest opinion whether those hot takes prove to be popular or not.
Read Next
Take A Sneak Peek At Apocrypha In Latest Elder Scrolls Online: Necrom Trailer
Hermaeus Mora has foreseen a dark fate.
By Troy Blackburn - 4 months agoYou May Enjoy
The Division 3 Has Been Announced And It Comes With A New Executive Producer
It's officially official.
By Troy Blackburn - 1 week agoMarvel's Avengers End Of Support Date Nears, Bidding Farewell With 90% Discount
After delisting, the game will still be accessible for solo and multiplayer play.
By Matthew D'Onofrio - 1 week agoPlay Robocraft 2 During Steam Next Fest And Earn Special Cosmetic Items
They will carry over when the game officially launches.
By QuintLyn Bowers - 4 days ago💣 Feature | The First Descendent Open Beta First Impressions: Is This The Destiny/Warframe Killer?
It's really fun, but really repetitive.
By Matthew D'Onofrio - 1 week agoBlack Desert Online PC Says "Hey, Why Let Seasons Actually End?"
The seasonal end date has been removed.
By QuintLyn Bowers - 1 week agoLeaked Footage From Upcoming Skate Reboot Game Shows Parkour Elements
Previous titles allowed players to run on foot, but this suggests a deeper focus on these mechanics.
By Matthew D'Onofrio - 1 week ago
Discussion (0)