Nexon Reveals Q3 Financial Results

Nexon's third quarter results are in and they are looking rather positive. The company's revenues are up to 49.8 billion yen, a 9.9% year-over-year increase, which exceeded the "high-end" of expectations. Mobile revenues were up only 7% year-over-year at 10.3 billion yen compared to a 10% increase in PC revenues, bringing them to 39.5 billion yen. The mobile results are attributed to FIFA Online 3 M and DomiNations performing well in Korea. Dungeon&Fighter—or Dungeon Fighter Online, as it is known in the West—performed well in China, driving the increase in PC revenues. Operating income saw a 22% year-over-year increase, bringing it up to 18.4 billion yen. This is largely attributed to Dungeon&Fighter's aforementioned performance in China, as well as "lower-than-expected HR costs."

For Q4, Nexon are expecting revenues between 40.1 and 42.9 billion yen. Mobile revenues are expected to be between 9.9 and 11.0 billion yen with PC revenues expected to be in the range of 30.2 and 31.9 billion yen. Collectively, revenues are expected to fall from this quarter.