Nexon Opens Era Of KRW 4 Trillion In Annual Sales For First Korean Game Company
Feb 13, 2025
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Nexon, listed on the Tokyo Stock Exchange, announced its consolidated earnings for the fourth quarter and year of 2024 on the 13th.
Annual sales rose 5% year-on-year to 446.2 billion yen (about 4.91 trillion won), slightly exceeding 4 trillion won, and operating profit was 124.2 billion yen (about 1.1157 trillion won), also exceeding 1 trillion won, but decreased 8% year-on-year. Net profit was 134.8 billion yen (about 1.2116 trillion won), up 91% year-on-year.
Nexon said it surpassed KRW 4 trillion in sales for the first time by a Korean game company thanks to the successful launch of 'Dungeon & Fighter Mobile' launched in China in May last year and 'First Descendants' launched globally in July. In particular, it demonstrated the potential of the "IP growth strategy" with revenue growth of 10% year-over-year in three major franchises: 'Dungeon & Fighter', 'MapleStory', and 'FC'. For each IP, 'Dungeon & FighterIP, which enjoyed the launch effect of 'Dungeon & Fighter Mobile', recorded a 53% year-on-year increase in sales, showing the most remarkable performance.
In the `MapleStory' IP, overseas sales of PC"MapleStory" grew 24% year-over-year, breaking quarterly sales in North America and Japan in the fourth quarter following the third quarter, while the 'FC" franchise saw a year-over-year increase in sales in the fourth quarter, but decreased compared to 2023 when it recorded its highest annual performance.
Nexon revealed its strategy to achieve sustainable growth by unveiling various types of new product lineups based on stable live performance.
First of all, the new hardcore action RPG 'First Bursker: Kazan' is set to be released globally on March 28, and various new works using the 'Dungeon & Fighter' IP such as the open world action RPG that inherits the 'Dungeon & Fighter' world view, 'Dungeon & Fighter: Arad', and the next generation 3D action RPG being developed as the Unreal engine, 'Project Overkill' are being developed.
In addition, the new action RPG 'Vindictus: Dealing Fate' based on the Celtic myth-based fantasy world view of 'Mabinogi Hero Exhibition' was also announced to be released on March 27th by inheriting 'Mabinogi Mobile', one of Nexon's representative IPs.
In addition, various new IP-based works are being developed, including PvPvE survival shooter new works 'ARC Raiders' and zombie apocalypse's survival escape game 'Paradise'.
Lee Jung-heon, CEO of Nexon's Japanese subsidiary, said, `We are strengthening strategic research and investment to expand the business feasibility of powerful IPs such as 'Dungeon & Fighter' and 'Maple Story' owned by Nexon"We will try to bring more joy to more users through existing IP franchises and new games to be introduced with new IPs."
Meanwhile, Nexon announced that it would advance the remaining 50 billion yen of its share buyback policy announced last year from 2027 to 2026, and buy an additional 50 billion yen worth of shares during the same period, and buy a total of 100 billion yen worth of shares within a year. Nexon's share buyback in 2025 is scheduled to run from Feb. 14 to June 30, with a total of 50 billion yen (about 457.5 billion won).
This article was translated by Naver AI translator.
