Nexon has released their third quarter financials for 2016 for the period ending September 30th, and the results are in. While third quarter revenues (44.3 billion yen) dropped 11% over last year, they exceeded estimations thanks to the strong performances of Maplestory and Dungeon & Fighter in Korea along with solid performance from Dungeon & Fighter in China. Operating income landed at 16.3 billion yen, also exceeding expectations thanks to higher revenue in China and lower than expected marketing costs.
Owen Mahoney, President of Nexon, had the following to say:
“We are pleased with our third quarter performance, which exceeded our outlook, driven by strong performance in our PC online game business in China and Korea. We also are seeing positive early performance from many of our new mobile titles, and look forward to exhibiting some of our most highly anticipated titles at the upcoming G-STAR*, including Dungeon & Fighter: Spirit, Project Dynasty Warriors (tentative), DARK AVENGER 3, LawBreakers and Moonlight Blade. This is an exciting time for Nexon as we begin to realize the benefits of our many recent strategic investments and partnerships and extensive internal development efforts. With a strong pipeline of titles and plans to continue to expand our presence into global game market, we have tremendous opportunity ahead.”
Fourth quarter revenues are expected to fall to somewhere between 39.3 and 42.2 billion yen, with the PC market making up around 29 billion and the mobile sector taking on the other 12 billion.
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