On November 10, the Japan-based video game company Nexon announced its financial results for the third quarter of 2016. Owen Mahoney, president and chief executive officer of the company, was in charge of delivering the good news.
Things are looking good this year for Nexon as they close the third quarter with over 44 billion yen in revenues, a mark that exceeds their expectations. Their releases in the Korean and Chinese markets are notably the most lucrative, with Maple Story and Dungeon Fighter leading the wagons respectively. In addition, many of their new mobile titles are showing a positive early performance. The company is also excited to showcase their most anticipated games at the upcoming G-STAR, Korea’s very own E3. Some of these titles include Dungeon Fighter: Spirit, Project Dynasty Warriors (tentative title), DARK AVENGER 3, LawBreakers and Moonlight Blade.
Nexon is very confident in their future, with Mahoney pointing out “This is an exciting time […] as we begin to realize the benefits of our many recent strategic investments […]. With a strong pipeline of titles and plans […], we have tremendous opportunity ahead.”
Furthermore, the company hopes the fourth quarter to be just as good as the third, with an expectation of 39.3 to 42.2 billion yen in revenues (28 to 29.7 billion from PC online games and 11.3 to 12.5 billion from mobile games), 8.2 to 10.3 billion yen in operating income, and 7.7 to 9.5 billion yen in net income attributable to owners of the parent.
Two conference calls will be held by Nexon to discuss the financial results and the outlook. The first will be directed to domestic investors, analysts, and the media at 6 p.m. JST (4 a.m. EST) in Japanese. The second will be directed to foreign investors, analysts, and media at 10 p.m. JST (8 a.m. EST) on the same day, to be conducted in English.
Nexon is one of the top publishers of free to play online games worldwide, with titles such as Maple Story, Mabinogi, and Atlantica Online under its belt. Nexon also publishes Riders of Icarus and Ghost in the Shell: Standalone Complex – First Assault Online in the West.