Nexon Reports "Record-High Revenues" In Q1 2017, But Largely Does Big Business Overseas
Nexon's financial report for Q1 2017 starts off on a good note. The first line of the "CEO Highlights" page offers this glowing phrase:
"Reported record-high revenues, operating income and net income since IPO in 2011"
A big portion of the quarter's revenue comes from the Lunar New Year event offered in Dungeon&Fighter in China, with an additional call-out for mobile revenues in Japan. Unfortunately, if you live outside of Asia, there's not much to get excited about.
As you can see in the chart at the top of the page, China drove the revenue spike last quarter. It was enough to make PC gaming 84% of Nexon's revenue for the quarter, up from 72% and 78% in the previous two quarters.
Outside of that, there's nothing too surprising. Korea and Japan saw small revenue upticks in Q1; the former gets most of its revenu from PC gaming while the latter is more mobile-heavy. Europe was also up slightly, while North America was flat. LawBreakers, along with multiple other unnamed titles are still scheduled for launch in the West in 2017.
You can view the entire financial report for yourself on the Nexon investors' relations page (direct link).
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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