MapleStory Drives Revenue And Profit Growth For Nexon

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MapleStory Drives Revenue And Profit Growth For Nexon

Published On

Mar 16, 2021

Bren Lyles

Nexon reported increased revenue and profit in the third quarter, largely thanks to the performance of its evergreen titles Dungeon & Fighter and Maple Story.

In the three month period ended September 30, 2018, Nexon earned ¥69.3 billion in revenue, up 15% over the same quarter last year. Net profit for the quarter was ¥22.3 billion, up 14% year-on-year.

In a presentation for investors, Nexon highlighted the impact of Dungeon & Fighter's National Day Update in China, and the long-running MapleStory's continued popularity in Korea. Collectively, China and Korea represented 79% of the company's Q3 revenue - 45% from China, and 34% from Korea.

MapleStory's revenue increased 129% year-on-year, in fact, while a mobile version, MapleStory M, hit three million downloads in one week after its global launch this August.

In addition to its results, Nexon also announced a strategic investment in Patrick Söderlund's new studio, Embark, which will give it 33% of the voting rights in the new venture.

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