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Nexon Posts Big Gains in Q1

Posted May 04, 2011 by Suzie Ford

Nexon Posts Big Gains in Q1

Nexon America has announced its Q1 2011 financial results with some surprising numbers given the current economic situation around the world. According to the report, Nexon America posted a 59% revenue growth as compared to the same time period in 2010.

Historically, first quarter sales tend to decline seasonally compared to the rest of the year, making the enormous jump in revenues particularly notable. During the first quarter, Nexon America added compelling new content to its catalogue of games it services in North America, contributing to the increase in player activity and sales.

“Our success is the result of our ability to deliver engaging content that our players find valuable, whether they are playing for free or purchasing items in our games,” said Daniel Kim, CEO of Nexon America. “The substantial growth we are experiencing in North America is a reflection of how well Nexon is doing globally. We are growing our traditional MMOG business as well as expanding into other platforms such as the mobile and social games, which will help to expand our global reach and the number of people playing our games.”

Read more at Venture Beat.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom

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