Korean free-to-play publisher Nexon (3659.TO) has announced its financials for the 3 months ending 31 March 2013.
Total revenues were ¥44.4 billion (around $480 million), up 46 percent on a year-on-year basis.
However, some of this rise was due to favourable currency trends for the Yen.
On a constant currency basis, revenues were up 26 percent year-on-year.
Net income was ¥15.15 billion ($164 million).
Mobile wobbles
Nexon is still a majority PC games business (currently accounting for 83 percent of total sales).
But following its $470 million purchase of Japanese developer gloops in October 2012, is now heavily pushing into mobile.
Three months ago, Nexon predicted it would have Q1 mobile sales of ¥7.4 to ¥8.2 billion.
Scraping in at the low end of the range, its mobile games division had Q1 sales of ¥7.5 billion ($81 million).
However, Nexon predicts this will fall to between ¥6.8 billion to ¥7.5 billion ($74 to $81 million) in Q2.
During the quarter, it will release Dragon Girls in Korea on the Kakao games platform and Guardian Break (Royal Tactics) in North America.
[source: BusinessWire]
Nexon's mobile games business does $81 million in Q1 2013
But expect this to fall in Q2
![Nexon's mobile games business does $81 million in Q1 2013 Nexon's mobile games business does $81 million in Q1 2013](https://media.pocketgamer.biz/2013/2/4230/nexon-logo-biz-r225x225.jpg)