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
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]
Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.