Nexon reported for the fourth financial quarter and reported a decrease in quarterly revenue above the expected values. This is mainly due to the loss of the interest of players in two projects: The First Descendant and EA Sports FC Online. In the case of Luther Shuther, it was said that the fall surpassed all the expectations of the company’s management. The main problem lies in the lack of content to keep the interest of the audience. Therefore, the development studio attracted new employees and revised plans to support the game: there will be fewer updates, but there will be more content in them. You can familiarize yourself with this in this topic.
However, the decline was only 6% compared to the fourth quarter of 2023. The financial successes of the Korean version of Maplestory and Maplestory Worlds allowed to compensate for losses in other games. As a result, the revenue amounted to 79.9 billion yen ($ 516 million), and net profit exceeded 32 billion yen ($ 207 million).
In general, 2024 was successful for Nexon: the company showed a record revenue of 446.2 billion yen ($ 2.9 billion), and net profit increased almost doubles compared to 2023 and reached 134.8 billion yen (879 million dollars). Basically, this success is associated with good sales of the Chinese version of Dungeon & Fighter Mobile in the second quarter and The First Descendant in the third quarter.
The company notes that it is almost impossible to surpass these results this year, since it will be difficult for new projects to repeat the success of Dungeon & Fighter Mobile in China and The First Descentant in the “Western” market. At the moment, it is known about plans to release only three games in 2025: The First Berserker: Khazan, Mabinogi Mobile and Arc Raiders. A dozen more projects remain without any exit time and there are no guarantees that they will become available before the end of the year.
