Nexon slips a little in first quarter but has confidence in its future

    
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Nexon has come out of the gate in 2016 looking strong. The MMO publisher posted its Q1 financial report this week, stating that the company is up 11% in revenue year-over-year, although it is down from Q4 2015. It’s crediting “better-than-expected performance” from PC and mobile games as a cause for its income bump. The company did post a net loss for the quarter but said that even this was below its outlook.

China (45%) and Korea (39%) account for most of Nexon’s income, compared to the miniscule 4% from North America. PC sales are still dominate at 78%, but mobile is a strong growth segment for the company, with titles like DomiNations and Legion of Heroes under its belt.

In regards to MMOs, Dungeon&Fighter enjoyed one of its most successful quarters yet, while taking over the reins of TERA in Korea has helped boost income in that country. Nexon does expect revenues to decrease for Q2 2016, although the company is optimistic with many games in the pipeline including Riders of Icarus, MapleStory 2, and Final Fantasy XI Mobile.

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WandaClamshuckr
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WandaClamshuckr

Or..maybe the NA market simply isn’t the demographic focus. Maybe the western audience is gravy.

Xijit
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Xijit

Well, maybe if they put a little effort into promoting their NA titles then they would be making more money from NA … Whoever is in charge over here, probably shouldn’t be.
First they go after Dirty Bomb, with no notion on if it is a bug riddled mess or not (it is), then they go after ghost in the shell, and that is just a lame ass CS:GO clone, now they are funding cliffy B’s generic ass shooter (that just looks like Gotham City Impostors, minus the Batman licence).
WTF is this obsession with online shooters when it was open ended / casual fantasy titles like Maple Story & Mabinogi that were the cornerstone of their foothold on the western market.

Sunken Visions
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Sunken Visions

“slips a little in first quarter”

MetaDune
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MetaDune

Hoping to play http://massivelyop.com/tag/grepolis soon

SallyBowls1
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SallyBowls1

Dystopiq  Yeah but Nexon does more PC and SE more mobile than PC and based upon their rep in these parts I would have guessed the other.  No big deal; the gaming survivors are becoming multiplatform global companies.

Greaterdivinity
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Greaterdivinity

Memitim Leilonii Also, actually having a customer support department would help. That alone is what turned me off of financially supporting them anymore, shouldn’t have to wait a year and a half to have them restore my stripped character after an account hack, only to have them give temporary gear to the wrong character and then refuse to fix that.

Memitim
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Memitim

Leilonii ^This, they have a couple a games I would spend some cash on if the business model wasn’t so horrible….maybe things are different in the east but I’m not going to drop the cost of several full price games on a single mmo each month…

Dystopiq
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Dystopiq

They both do both.

SallyBowls1
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SallyBowls1

Wait so Nexon is a PC company and Square Enix is a mobile company?  I would have guessed the other way around.

Another good earnings report from a gaming company. Yeah us!

Leilonii
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Leilonii

I still do not understand why they can’t just give their NA games better business models. That is the sole reason whey they are not wildly successful in NA. Their games are perfectly fine. But their P2W reputation is sadly, well earned. If they could stop being so stubborn and just fix the business models. players would be happy to play their games.