Nexon Reports 11% Increase in Q3 Operating Profit to 467.2 Billion KRW... Leading IPs Achieve Simultaneous Success

Nexon announced on the 12th that its consolidated sales for the third quarter of this year reached 135.6 billion yen (approximately 1.2293 trillion KRW), a 13% increase compared to the same period last year.

Operating profit for the same period rose 11% to 51.5 billion yen (approximately 46.72 billion KRW). Net profit for the period decreased by 23% to 27 billion yen (approximately 24.5 billion KRW).

The combined sales of the three main intellectual properties (IPs) ? 'MapleStory', 'Dungeon & Fighter', and 'FC' ? increased by 15% compared to the same period last year. Nexon is also nurturing new IPs with the release of 'First Descendant'.

Global sales also showed an upward trend. Nexon stated that it is accelerating its global market strategy through a 'hyper-localization' approach, which implements localization based on a deep understanding of the respective cultures. MapleStory’s overseas sales increased by 23%, setting new quarterly sales records in Japan, North America and Europe, Southeast Asia, and other regions.

The global performance of First Descendant, which challenges the unique genre of 'root shooter' as a new IP, is also emerging. 75% of the third quarter sales were generated in North America and Europe, resulting in a 93% increase in Nexon’s sales in these regions compared to the same period last year.

Nexon will participate in G-STAR 2024, held at BEXCO in Busan from the 14th to the 17th of this month, showcasing four playable demo titles and one video submission.

Lee Jung-heon, CEO of Nexon (Japan), said, "This year marks a meaningful year as Nexon celebrates its 30th anniversary. We will continue to listen to users’ feedback and make ongoing efforts to provide greater enjoyment to users through our games."

Meanwhile, Nexon’s board of directors approved the start of a share buyback worth 20 billion yen (approximately 1.813 billion KRW) from the 13th until January 31 of next year, as part of the previously announced 100 billion yen share repurchase policy.