Nexon reports mobile game revenue down 44% for Q3

Growth in PC sales for MapleStory maker can't quite offset mobile dip as overall revenues down 4%

MapleStory maker Nexon today published its third quarter results, reporting mobile games revenue decreased 44% year-over-year to ¥18.6 billion ($165 million).

PC game revenue was up 24% from last year to ¥57.2 billion ($506.8 million) and accounted for more than 75% of the company's earnings.

In recent years, the publisher has tried to diversify its business beyond PC to the point where the platform was less than 67% of its revenues in 2020, with the remaining 33% coming from mobile.

Overall, revenue for the company for the third quarter was ¥76 billion ($673 million) which represents a decrease of 4% year-over-year.

The company said that its sales were driven by Dungeon & Fighter, MapleStory, FIFA Online 4, and The Kingdom of the Winds: Yeon.

Net income for the period was ¥38 billion ($336.6 million), representing a growth of 132% compared to the year-ago period.

For Q4, Nexon expects revenue between ¥51.2 billion ($453.6 million) and ¥57 billion ($505 million), up 23% to 33% year-over-year.

It projects net income of ¥285 million ($2.5 million) to ¥3.57 billion ($31.6 million).

Last year's net income loss for Nexon's third quarter was reported at ¥16.33 billion ($144.6 million) which represented a 59% decrease.

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