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Nexon posts record revenues of $657 million in Q1 FY17

Nexon posts record revenues of $657 million in Q1 FY17

Nexon has released its financials for its Q1 FY17 for the three months ending March 31st 2017.

It posted record-high revenues of $657.1 million for the quarter, up 30% year-on-year. Net income for its Q1 came in at $174.9 million, up substantially from $98.3 million in its Q4 FY16.

Breaking this down further, mobile revenues came to $102.6 million, down 6% year-on-year. It generated $37.3 million in Japan alone from its mobile games, up 19% year-on-year.

It's still a hit

The main cause of its record sales was PC game Dungeon&Fighter's performance in China. The game saw an enormous boost in sales during a Lunar New Year event run in the game.

On the mobile side, revenues largely grew in Japan, up 29% quarter-on-quarter and 19% year-on-year. Nexon pointed to the continued success of Heroes of Incredible Tales as the cause of this growth.

Dynasty Warriors Unleashed was intended to be a key revenue driver in Q1 for Nexon, but missed its chance by launching on March 30th 2017. It has so far surpassed five million downloads since it was first released.


Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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