Mobile revenue down 44% year over year.
Continue reading “Nexon Beats Expectations Despite Mobile Drop”
Tag: Financials
Gamigo’s Owner Made Loads Of Money This Year
Exceeds growth target with more growth to exceed coming.
Continue reading “Gamigo’s Owner Made Loads Of Money This Year”
Square Enix Takes Loss On Marvel’s Avengers
Implies game cost $100 million to make.
Continue reading “Square Enix Takes Loss On Marvel’s Avengers”
Funcom Annual Report: Conan Exiles Is Their Bedrock
Although Conan Unconquered Has Kinda Burned.
Continue reading “Funcom Annual Report: Conan Exiles Is Their Bedrock”
Lods of Emone: Jagex Posts Record Financial Success
RuneScape is doing just fine, thank you.
This week Jagex released their 2018 financials and boasted a 9.3% increase in revenue to £92.8 million. 2018 saw RuneScape reaching its highest membership total ever with Old School RuneScape launching on mobile and seeing over five million downloads.
CEO Phil Mansell noted:
“This lets us accelerate Jagex’s transformation; we have strengthened our leadership team and will continue to build on the company’s talent base, we are funding new game development, building out our third-party live game publishing, investing in massive publishing platform upgrades, whilst continuing to expand our live RuneScape games.”
The last year has seen Jagex increase its team by more than 100 people with investments in research and development boosted by 69%. 2018 also marked the launch of the Jagex Partners Initiative which aims to deliver operational services tailored toward third party studios.
Source: Jagex Press Release
Nexon Boasts 11% Boost In Sales
Nexon has posted its latest financial statement for the first quarter 2016 and the results are indeed something to write home about. First quarter revenue amounted to 57.5 billion yen ($530 million USD), an 11% increase over the same period last year. Sales were driven partially due to the higher-than-anticipated sales of Dungeon&Fighter in China.
Alternately, operating income underperformed primarily due to the impairment loss on Gloops’ goodwill of 22.6 billion yen. Nexon bought Gloops for $486 million cash back in 2012. Impairment loss refers to the cost of acquisition minus the depreciation.
Nexon’s earnings call will take place later this morning.
(Source: Nexon press release)
MMO Fallout 