Company Reports

Nexon was among the first developers to adopt the free-to-play model in the 1990s. While players can play for free, they are incentivized to spend on in-game items that unlock cosmetics or character/equipment enhancements. To stay profitable in the long term, developers must continually maintain user loyalty and engagement so players keep investing time and money.

Nexon was among the first developers to adopt the free-to-play model in the 1990s. While players can play for free, they are incentivized to spend on in-game items that unlock cosmetics or character/equipment enhancements. To stay profitable in the long term, developers must continually maintain user loyalty and engagement so players keep investing time and money.

Nexon was among the first developers to adopt the free-to-play model in the 1990s. While players can play for free, they are incentivized to spend on in-game items that unlock cosmetics or character/equipment enhancements. To stay profitable in the long term, developers must continually maintain user loyalty and engagement so players keep investing time and money.

Nexon's shares surged on Aug. 14 following the release of June-quarter results and a one-time special dividend of JPY 415 per share, which totals approximately JPY 324 billion. The special dividend alone implies a one-off dividend yield of 16.5% against the previous day's close.

Nexon was among the first developers to adopt the free-to-play model in the 1990s. While players can play for free, they are incentivized to spend on in-game items that unlock cosmetics or character/equipment enhancements. To stay profitable in the long term, developers must continually maintain user loyalty and engagement so players keep investing time and money.

Nexon’s March-quarter revenue and operating income rose 33.6% and 39.8%, driven by strong momentum from Arc Raiders. June-quarter guidance calls for revenue ranging from a 10% decline to 1% growth, with operating income down 33%-57%, mainly due to weakness in China.

Nexon was among the first developers to adopt the free-to-play model in the 1990s. While players can play for free, they are incentivized to spend on in-game items that unlock cosmetics or character/equipment enhancements. To stay profitable in the long term, developers must continually maintain user loyalty and engagement so players keep investing time and money.

Nexon held its capital markets briefing for investors on March 31, 2026, two years after the first briefing in 2024, and provided updates on its strategy, future pipeline, and 2026 guidance.

Nexon was one of the first game developers to adopt the free-to-play business model in the 1990s. While players can play these games for free, they are incentivized to spend money on in-game items that unlock character cosmetics or character/equipment enhancements and so on. For an online game to keep its user base and remain profitable over the long term, developers need to make an ongoing effort to maintain user loyalty and engagement over a long period so that players will continue to invest their time and money on the games.

Nexon was one of the first game developers to adopt the free-to-play business model in the 1990s. While players can play these games for free, they are incentivized to spend money on in-game items that unlock character cosmetics or character/equipment enhancements and so on. For an online game to keep its user base and remain profitable over the long term, developers need to make an ongoing effort to maintain user loyalty and engagement over a long period so that players will continue to invest their time and money on the games.

Nexon reported December-quarter revenue of JPY 123.6 billion, and operating income of JPY 7.2 billion. Nexon guides for March-quarter revenue and operating growth ranges of 23%-34% and 7%-30% (constant currency).

Nexon's September-quarter revenue and operating income declined by 12.4% and 18.5% year over year, respectively. A 45% decline in Dungeon & Fighter revenue was partially offset by a 61% increase in Maple Story revenue.

Nexon was one of the first game developers to adopt the free-to-play business model in the 1990s. While players can play these games for free, they are incentivized to spend money on in-game items that unlock character cosmetics or character/equipment enhancements and so on. For an online game to keep its user base and remain profitable over the long term, developers need to make an ongoing effort to maintain user loyalty and engagement over a long period so that players will continue to invest their time and money on the games.

Nexon reported June-quarter revenue and operating income of JPY 119 billion (up 6% year over year, on a constant-currency basis) and JPY 38 billion (down 10%). A decline in the Dungeon & Fighter franchise in China was partly offset by growth in Maple Story and Mabinogi Mobile in Korea.

Nexon was one of the first game developers to adopt the free-to-play business model in the 1990s. While players can play these games for free, they are incentivized to spend money on in-game items that unlock character cosmetics or character/equipment enhancements and so on. For an online game to keep its user base and remain profitable over the long term, developers need to make an ongoing effort to maintain user loyalty and engagement over a long period so that players will continue to invest their time and money on the games.

Capcom, Bandai Namco, and Nexon revealed release dates and trailers for several new game titles during the PlayStation State of Play June 2025 and Summer Game Fest 2025 livestreams.

Nexon was one of the first game developers to adopt the free-to-play business model in the 1990s. While players can play these games for free, they are incentivized to spend money on in-game items that unlock character cosmetics or character/equipment enhancements and so on. For an online game to keep its user base and remain profitable over the long term, developers need to make an ongoing effort to maintain user loyalty and engagement over a long period so that players will continue to invest their time and money on the games.

While revenue rose by 5% in the March quarter, operating income grew by about 18% (excluding one-off impairment losses in last year's March quarter) due to a higher mix of high-margin games and cost control.

Nexon was one of the first game developers to adopt the free-to-play business model in the 1990s. While players can play these games for free, they are incentivized to spend money on in-game items that unlock character cosmetics or character/equipment enhancements and so on. For an online game to keep its user base and remain profitable over the long term, developers need to make an ongoing effort to maintain user loyalty and engagement over a long period so that players will continue to invest their time and money on the games.

The Dungeon & Fighter mobile game ranking continued to decline since January, according to mobile game tracking website Qimai. Nexon says it will continue to ramp up spending on game development and promotions from 2025 to 2026.