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Nexon reports decrease in revenue due to rising exchange rates

Nexon reports decrease in revenue due to rising exchange rates

November 10, 2016 | By Alissa McAloon

November 10, 2016 | By Alissa McAloon
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In its quarterly financial report, Nexon holds its strong mobile and PC game presence in China and Korea responsible for stronger-than-expected financial results in the third quarter, despite a decrease in year-over-year revenue.

For the quarter ending September 30, 2016, the company reported ‎¥44.3 billion (~ $414.3 million) in revenue, which is an 11 percent decrease year-over-year but said that revenue is up 4 percent without taking changes in exchange rates into consideration. Nexon also reported 12 percent year-on-year decrease in operating income and a net income of ¥7.6 billion (~ $71 million).

The Japan-based company said that the decrease in revenue was the result of fluctuations in exchange rates that caused the yen to increase in value.

Despite this, the company saw stronger-than-expected financial results, thanks in no small part to a strong PC and mobile game presence in both China and Korea. Two longstanding games, Dungeon&Fighter and MapleStory, maintained a strong presence in the two countries due to recent content updates. 



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