Nexon’s Q3 2021 Is Down From Pandemic-fueled 2020 Boost

Embark Discovery

As is often the case with all its monetary stories, Nexon was proud of its Q3 2021 outcomes, which noticed the developer and writer “constructing momentum, strengthening our core enterprise and getting ready to launch a number of catalysts in 2022,” in keeping with President and CEO Owen Mahoney.

That does not imply every part was up within the quarter; actually, Q3 2021’s income was down 4% from the file set in Q3 2020 — not stunning, contemplating the “pandemic increase” most online game firms noticed within the earlier yr. Cell income, specifically, took a giant hit, dropping 44% year-over-year. To make up for that “PC revenues exceeded the anticipated vary and cell revenues got here inside the anticipated vary” — we have been planning to have a down quarter, you see?

A lot of the remainder of the financials comply with the same old developments we have seen from Nexon — up right here, down there, planning for a great This autumn, and so forth. However maybe essentially the most stunning nugget of information is a few barely extra tangible data about what Patrick Söderlund’s Embark Studios is as much as. You would possibly recall that Nexon acquired the previous EA govt’s Swedish studio two years in the past, however we have heard little from the studio aside from just a few high-level dev blogs like this one, that described its product as “a cooperative free-to-play motion recreation set in a distant future.”

The monetary report consists of items of artwork from three of “Embark’s New Video games In Improvement.” These fall underneath the non permanent titles of “Codename: Pioneer,” “Codename: Discovery,” and one thing simply known as “Artistic Platform.” Along with the co-op F2P motion recreation, we additionally know that Embark is engaged on a PvP shooter, described on the company’s site as “an idea that leans closely into team-based gameplay and places dynamism, physicality, and destruction entrance and middle.” I might guess that is Discovery, whereas the sooner introduced recreation is Pioneer.

As for the corporate’s “Artistic Platform,” Embark’s talked about that on occasion as effectively, with the beforehand linked weblog piece evaluating it to Roblox, Minecraft, Fortnite artistic mode, and Rust. That weblog was from late 2020, and there have been a slew of player-generated content material video games to indicate up since then, many using some type of blockchain or NFTs. We have not heard a correct replace from Embark since February, however we would guess that some end-of-year replace could possibly be within the playing cards over the subsequent few weeks.

You possibly can view Nexon’s financials via the company’s investor relations page.

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