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Games & Commerce

Game firms raise bar for new titles as development halts mount

Game companies are raising the threshold for investing in new titles, halting development if commercial prospects fall short even after years of work or public exposure. The trend is extending beyond development to post-launch decisions, as firms reassess whether to keep funding projects based on user numbers and profitability. Rising production and operating costs, multi-platform development and global ambitions are driving the shift, with companies reallocating staff and budgets to projects with higher expected returns.

Games & Commerce

Nexon posts record first-half revenue of 2.56 trillion won, driven by MapleStory and Arc Raiders

Nexon said growth in the MapleStory franchise and the success of Arc Raiders helped it post record first-half revenue, operating profit and net profit. Second-quarter revenue rose 2 percent to 1.14 trillion won, while operating profit fell 17 percent and net profit jumped 77 percent. First-half revenue reached 2.56 trillion won. Nexon also plans a 3 trillion won special dividend in late September and provided third-quarter guidance ranges.

Games & Commerce

Nexon Q1 operating profit jumps 40 percent on MapleStory, Ark Raiders success

Nexon said it achieved its best-ever quarterly results on the back of global success for the MapleStory franchise and Ark Raiders. The company posted first-quarter consolidated revenue of 1.42 trillion won and operating profit of 542.6 billion won, up 34 percent and 40 percent from a year earlier. Overseas revenue rose 59 percent. Nexon provided second-quarter revenue and profit guidance and outlined partnerships and upcoming game launches.