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MapleStory, Dungeon&Fighter in Korea drive Nexon to record Q2

Dungeon&Fighter updates still aren't sticking the landing in China, though

South Korean publisher Nexon just had its best second quarter in company history thanks to record-breaking performance from the Korean business sides of MapleStory and Dungeon&Fighter.

The company reached revenues of ¥64.5 billion ($611 million), up 20% year-over-year driven by KartRider Rush+, MapleStory and Dungeon&Fighter.

Operating income was ¥26.7 billion ($253 million) driven by revenue outperformance, and net income was ¥19.8 billion ($188 million).

MapleStory, Dungeon&Fighter, and Sudden Attack all had either double or triple-digit year-over-year growth in Korea, through Dungeon&Fighter continues to struggle in China due to its updates failing to recapture lapsed players.

Additionally, in June Nexon authorized $1.5 billion to invest in publicly traded global entertainment companies, and that same month established two joint ventures for game development with Seoul-based Wonder Holdings to create two new games based on Mabinogi Mobile and KartRider: Drift.

Not mentioned in the financials is the fact that in July, Nexon shut down its Orange County, California studio.

Looking ahead to Q3, Nexon expects revenues in the range of ¥77.3 billion ($733 million) to ¥85.4 billion ($809 million), up 48% to 63% year-over-year, operating income of ¥30.5 billion ($289 million) to ¥37.4 billion ($354 million), and net income of ¥25.5 billion ($242 million) to ¥31 billion ($294 million).

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Rebekah Valentine avatar

Rebekah Valentine

Senior Staff Writer

Rebekah arrived at GamesIndustry in 2018 after four years of freelance writing and editing across multiple gaming and tech sites. When she's not recreating video game foods in a real life kitchen, she's happily imagining herself as an Animal Crossing character.