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Nexon Releases Earnings for Fourth Quarter and Full-Year 2022

Record-Setting Fourth Quarter and Full-Year Revenue

FIFA ONLINE 4, Dungeon&Fighter Mobile and HIT2 Drove Strong Growth in 2022

Dungeon&Fighter Returns to Growth in China

Projecting 28% to 38% Year-Over-Year Growth in Q1 2023

TOKYO–(BUSINESS WIRE)–NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in Virtual Worlds, today announced the financial results for its fourth quarter and fiscal year ended on December 31, 2022.

“Nexon has never been stronger, or its future brighter,” said Owen Mahoney, President and CEO of Nexon. “Despite global headwinds that have severely impacted our sector, Nexon’s revenue grew 49% year over year in Q4 and we expect to grow 28% to 38% year over year in the current quarter.

“In today’s turbulent economic environment, Nexon is anti-fragile. Our business model of Virtual Worlds, and our long-term approach to player engagement have resulted in an enormously robust business.”

Recent Highlights Include:

Full-Year 2022 Highlights:

First Quarter 2023 Outlook:

Conference Call (Japanese & English)

Nexon management will host a conference call for investors, analysts and the media to discuss the company’s financial results and outlook. The conference call will be held at 5:00 p.m. JST / 3:00 a.m. EST and will be simultaneously conducted in Japanese and English. It will consist of brief remarks made by the management team followed by a Q&A session. The Q&A session will be conducted with consecutive translations.

Time: February 9, 2023 at 5:00 p.m. JST / 3:00 a.m. EST (planned)

Pre-registration Required
Please register from the link below. Passcode and PIN code will be provided upon registration.

To register, please go to Registration Page
https://eng-services.choruscallasia.com/DiamondPassRegistration/register?confirmationNumber=7220224&linkSecurityString=1040b5b000
(Please note that the link is accessible on Google Chrome, Mozilla Firefox, Microsoft Edge (Chromium) only.)

Telephone Number
+81-50-5824-9210(Japan), +1-646-661-3380(US),
+44-20-3695-1891(UK), +852-580-87206(Hong Kong),
+65-315-87696(Singapore), +82-23-483-3906(Korea)

*Passcode and PIN code will be required to join the call.
If you have any questions, do not hesitate to contact at the e-mail address or telephone number below:

E-mail:customer_support_asia@choruscall.com
Phone: +(81)50-5824-9227
Weekdays 8:30 a.m. – 6:00 p.m. JST.

Audio Archive and Transcript
An audio archive and a transcript will be available on Nexon’s Investor Relations website at https://ir.nexon.co.jp/en/ after the earnings conference call.

This press release is prepared to offer reference information about Nexon to investors and is intended to generally provide investors and analysts with financial and operational information about Nexon, but not to solicit or recommend any sale or purchase of stock or other securities of Nexon.

About NEXON Co., Ltd. https://company.nexon.co.jp/en/

Founded in 1994, NEXON Co., Ltd. (Nexon) (3659.TO) is a company engaged in the production, development and operation of online games and Virtual Worlds. First listed on the Tokyo Stock Exchange in December 2011, Nexon was placed on JPX400 in 2015 and added to the Nikkei Stock Index 300 in 2017. In 2020, Nexon was added to the Nikkei 225. Nexon currently has more than 50 live games on multiple platforms including mobile and available in more than 190 countries. Major game franchises include MapleStory, KartRider and Dungeon&Fighter. In 2021, Nexon completed the acquisition of Embark Studios AB, a company based in Stockholm, Sweden, developing multiple projects for global release.

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1
Constant currency is a non-GAAP measure used to show performance unaffected by fluctuations in foreign currency exchange rates. Constant-currency basis amounts are calculated using the average foreign currency exchange rates for the comparable period in the prior year and applied to the current period.
2 Net income / loss refers to net income / loss attributable to owners of the parent.
3 Official titles are EA SPORTS™ FIFA ONLINE 4 (PC) and EA SPORTS™ FIFA ONLINE 4 M (mobile).
4 Official title is Choices: Stories You Play.
5 “Rest of World” includes other Asian countries as well as Central and South American countries.
6 PC revenue include other revenue besides PC online games and mobile games
7 In most situations, the exchange rates of both the South Korean Won and the Chinese Yuan are linked to the U.S. dollar. For simplicity, forex sensitivity is calculated based on the assumption that Korean Won and Chinese Yuan move similarly against Japanese yen when there is an exchange rate movement in US. dollar and Japanese yen.

Contacts

NEXON Co., Ltd. Corporate PR
CorporatePR.Team@nexon.co.jp

Fonte BUSINESS WIRE

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