Nexon Releases Earnings for Second Quarter 2023
NEXON Co., Ltd. (Nexon) (3659.TO), a global leader in Virtual Worlds, today announced the financial results for its second quarter ended on June 30, 2023.
"Nexon delivered a fifth-straight quarter of double-digit topline growth with operating income up 22% year over year," said Owen Mahoney, President and CEO of Nexon. "Our second quarter was driven by strong performances of FIFA ONLINE 41, FIFA MOBILE2, Wars of Prasia, HIT2, Blue Archive, and by growing player engagement in both MapleStory and Dungeon&Fighter."
"Based on the steady growth of our existing Virtual Worlds, the potential for new hits in our pipeline, and the unique opportunity offered by FX rates, Nexon's Board of Directors has authorized a one-year acceleration of the \100 billion share repurchase plan announced in 2022," continued Mahoney. "This includes the immediate repurchase of ¥20 billion worth of Nexon stock in a three-month period beginning August 10."
Recent Highlights Include:
Third Quarter 2023 Outlook:
Conference Call (Japanese & English)
Nexon management will host a conference call for investors, analysts and the media to discuss the company's financial results and outlook. The conference call will be held at 5:00 p.m. JST / 4:00 a.m. EDT and will be simultaneously conducted in Japanese and English. It will consist of brief remarks made by the management team followed by a Q&A session. The Q&A session will be conducted with consecutive translations.
Time: August 9, 2023, at 5:00 p.m. JST / 4:00 a.m. EDT (planned)
(Please note that the link is accessible on Google Chrome, Mozilla Firefox, Microsoft Edge (Chromium) only.)
If you have any questions, do not hesitate to contact at the e-mail address or telephone number below:
Audio Archive and Transcript
An audio archive and a transcript will be available on Nexon's Investor Relations website at https://ir.nexon.co.jp/en/ after the earnings conference call.
This press release is prepared to offer reference information about Nexon to investors and is intended to generally provide investors and analysts with financial and operational information about Nexon, but not to solicit or recommend any sale or purchase of stock or other securities of Nexon.
About NEXON Co., Ltd. https://company.nexon.co.jp/en/
Founded in 1994, NEXON Co., Ltd. (Nexon) (3659.TO) is a company engaged in the production, development and operation of online games and Virtual Worlds. First listed on the Tokyo Stock Exchange in December 2011, Nexon was placed on JPX400 in 2015 and added to the Nikkei Stock Index 300 in 2017. In 2020, Nexon was added to the Nikkei 225. Nexon currently has more than 50 live games on multiple platforms including mobile and available in more than 190 countries. Major game franchises include MapleStory, KartRider and Dungeon&Fighter. In 2021, Nexon completed the acquisition of Embark Studios AB, a company based in Stockholm, Sweden, developing multiple projects for global release.
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