Nexon Reports Q3 2021 Earnings – Mobile Revenues Down, PC Up

Nexon reported their Q3 2021 earnings report at present and the highlights included a pointy drop-off in cellular recreation revenues (down 44% 12 months over 12 months) and a rise in PC revenues (up 24% 12 months over 12 months). Whole revenues for the quarter had been $672M (down 4% 12 months over 12 months). The sturdy efficiency in PC gaming income might be attributed to Dungeon Fighter On-line which noticed a robust rebound in gross sales (up 22% 12 months over 12 months).

Nexon Q3 Highlights:

• Nexon might be launching Dungeon Fighter Cellular in South Korea someday in Q1 2022 (No launch date for Chinese language or Worldwide model but)
• Nexon introduced a worldwide publishing deal for HIT 2, the a cellular MMO developed by Nexon subsidiary NAT Video games.
• Nexon’s Embark Studio in Sweden introduced 3 new tasks 2 New Digital Worlds and a brand new ‘inventive platform’. The primary digital world titled Pioneer might be launching someday in 2022.
• Kart Rider: Drift closed beta testing runs from December 9 – 15. The sport is anticipated to launch someday in 2022 on a number of platforms together with PC, Consoles, and Cellular.

Nexon’s Present Pipeline of Video games:

Nexon’s Key Titles By Area:

The cellular recreation ‘Decisions: Tales You play’ is ranked the highest Nexon title for North America and Europe. A lot of Nexon’s development within the West was by way of acquisitions with the acquisition of ‘Decisions’ doubling the corporate’s income within the area. Regardless of this, Nexon reported a internet loss for North America & Europe for the quarter. South Korea and China stay an important markets for the corporate.

Additional Studying: Q3 2021 Investor Presentation