Nexon reports revenue from mobile gaming fell 44% in Q3

Growth in PC sales for the MapleStory manufacturer could not completely offset mobile dip, as total revenue fell by 4%

MapleStory maker Nexon today announced its third-quarter results, reporting revenue from mobile gaming fell 44% year-on-year to ¥ 18.6 billion ($ 165 million).

Revenue from PC games increased 24% from last year to ¥ 57.2 billion ($ 506.8 million) and accounted for more than 75% of the company’s earnings.

In recent years, the publisher has tried to diversify its business beyond the PC to the point where the platform was less than 67% of its revenue in 2020, while the remaining 33% came from mobile.

Overall, the company’s revenue for the third quarter was 76 billion yen ($ 673 million), representing a decrease of 4% over the previous year.

The company said its sales were driven by Dungeon & Fighter, MapleStory, FIFA Online 4 and The Kingdom of the Winds: Yeon.

Net income for the period was 38 billion yen ($ 336.6 million), representing a growth of 132% compared to the same period last year.

For the 4th quarter, Nexon expects revenue between ¥ 51.2 billion ($ 453.6 million) and ¥ 57 billion ($ 505 million), an increase of 23% to 33% year-on-year.

It expects a net income of ¥ 285 million ($ 2.5 million) to ¥ 3.57 billion ($ 31.6 million).

Last year’s net revenue loss for Nexon’s third quarter was reported at ¥ 16.33 billion ($ 144.6 million), representing a 59% decline.

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