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Nexon Releases Earnings for Third Quarter 2025
Businesswire· 2025-11-11 17:00
Core Insights - Nexon reported strong financial results for Q3 2025, with a revenue of ¥118.7 billion, reflecting a 12% year-over-year decline on an as-reported basis, but a 9% decline on a constant-currency basis [5] - The MapleStory franchise achieved a remarkable 61% year-over-year revenue growth in Q3, and is projected to reach a 40% year-over-year growth for the full year 2025, marking its highest annual revenue in 22 years [2][4] - The new IP, ARC Raiders, launched on October 30, 2025, has sold over 4 million units and maintained the 1 position on Steam's Top Sellers list, indicating a successful debut [5][20] Financial Performance - Q3 revenue was ¥118.7 billion, down 12% year-over-year; operating income was ¥37.5 billion, down 27% year-over-year; net income increased by 41% to ¥38.2 billion, primarily due to a foreign exchange gain [5][10] - The board of directors approved a doubling of the year-end dividend to ¥30 per share, reflecting confidence in cash generation from existing franchises and new games [3][10] - A share buyback of ¥25 billion is set to commence, with a total of ¥75 billion completed to date under a ¥100 billion buyback policy [16] Franchise Highlights - The Dungeon&Fighter franchise saw a 72% year-over-year revenue growth for the PC version, while the mobile version's revenue declined by 45% year-over-year due to the upcoming launch in 2024 [10] - FC ONLINE revenue increased year-over-year in Q3, driven by successful updates, and is expected to continue growing in Q4 [8] - MapleStory: Idle RPG launched globally on November 6, 2025, and is anticipated to contribute significantly to Q4 revenue [10] Market Expansion and Future Outlook - Nexon plans to expand its presence in China through partnerships, including an Open Beta for THE FINALS starting November 18 [5] - A fully hyperlocalized adaptation of MABINOGI MOBILE is scheduled for release in Japan in 2026, indicating ongoing efforts to cater to local markets [5] - The company expects Q4 revenue to range from ¥115.8 billion to ¥129.3 billion, representing a year-over-year growth of 45% to 62% on an as-reported basis [16]
Inside South Korea’s PC Bang Culture
Bloomberg Originals· 2025-11-03 18:01
Enter the PC bang. >> Oh my goodness. Me a comfortable chair.>> Yeah, I'm exro player. So this is my comfort zone. >> This is your this is your office.>> Exactly. >> By the early 2000s, South Koreans could walk into any one of over 20,000 PC bangs and rent access to some of the fastest internet on the planet. You can come whenever you want.Pay a little bit and then you get to play online games and you can order good quality of foods 24/7. >> 24/7. >> Yes.You can stay here for like forever. >> No reason to e ...