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Nexon pinning hopes on strong 2017 launch line-up as sales and profits fall in 2016

Nexon pinning hopes on strong 2017 launch line-up as sales and profits fall in 2016

Nexon (TYO:3659) has released its financials for its Q4 FY16 for the three months ending December 31st 2016.

For the whole of 2016, it generated revenues of $1.6 billion, down 4% year-on-year. Its net income also fell by 63.5% year-on-year to $176.8 million.

Nexon posted sales of $380.3 million for Q4, down 6% year-on-year. It also saw a net income of $98.3 million for the quarter.

Breaking its Q4 results down further, Nexon saw revenues of $115.4 million, down 9% year-on-year. 27.2% of these revenues were generated in Japan alone.

Fighting and football

The quarter's revenues were driven by a successful Winter event held in the China release of PC game Dungeon&Fighter. Live ops in EA Sports FIFA Online 3 M in Korea and the launch of HIT in Thailand and Taiwan were also identified as having contributed significantly to revenues.

Looking ahead, Nexon is banking on the global launch of licensed IP Dynasty Warriors Unleashed as being a key driver of its Q1 revenues.

2017 will also see Nexon launch Lego Quest and Collect and Final Fantasy XI on mobile, which have the potential to be very big releases for the company.


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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