Because who isn’t.
Nexon today has posted their quarterly revenue report for the first quarter of 2020 and the results have been understandably hampered by the ongoing pandemic and decrease in consumer spending. How is this possible when more people are at home playing video games? Well it means less people are out at PC cafes in China playing video games.
In fact, very few are.
In China, as we had anticipated, revenue from Dungeon&Fighter, our key PC online game, declined compared to Q1 2019 when it had strong Lunar New Year package sales. Due to the spread of COVID-19, PC cafés in China have suspended their operations in a number of regions since late January. While a large majority of China Dungeon&Fighter players access the game from their PCs in their homes, and smaller number play in PC cafés, this had negatively impacted the number of active users during the latter half of the quarter. As a result, active users remained at a lower level compared to our expectations.
The good news is that MapleStory is doing better than ever. The bad news is that Nexon’s other properties aren’t faring quite as well. Revenues fell 11% over last year for the first quarter to $773 million USD (approximately) with operating income down 21% to $388 million over the same period.
Japan was hardest hit by a significant economic downturn resulting in a 63% loss over last year with North America seeing a 21% drop and Korea dipping 9.7%. Chinese revenues grew 3.8%.
Going forward Nexon expects a decrease in revenues across the board and acknowledges the unpredictability of the coming months thanks to the ongoing economic downturn and pandemic.
Source: Nexon
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