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Games & Commerce

Korean game makers diversify growth beyond mobile MMORPGs to PC, console and overseas

South Korean game makers are expanding growth beyond mobile MMORPGs into overseas markets, PC and console, and casual genres. Pearl Abyss and Krafton posted sharp gains as global PC and console titles lifted sales. Netmarble, NC and Nexon added overseas, platform and genre revenues while maintaining core franchises. Kakao Games and Devsisters pursued diversification but reported quarterly losses, highlighting that rising sales do not automatically translate into higher profit.

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 Games posts 10.5 billion won operating loss in first half on stock compensation cost reversal

Nexon Games posted first-half consolidated revenue of 83.0 billion won and an operating loss of 10.5 billion won, it said in a regulatory filing on Wednesday. Net loss was 13.2 billion won. Revenue fell 8 percent from a year earlier due to the downward stabilisation of some live games. The company said losses narrowed as previously recognised stock-based compensation costs were reversed in the second quarter after awards to executives lapsed for failing to meet conditions.