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Nexon Profits Soar 41% Year-Over-Year

Posted Nov 13, 2015 by Suzie Ford

Nexon Profits Soar 41% Year-Over-Year

Nexon has released its third quarter financial report that exceeds projections and shows net profits rising 41% year-over-year. Mobile revenue is up 7%, PC revenue is up 10%.

“Our focus on quality content and world-class partnerships continues to pay off, as we delivered solid third quarter results, beating our guidance on all metrics, and announcing several strategic partnerships” said Owen Mahoney, president and chief executive officer of Nexon. “In Asia, we continued to see solid execution of our staple PC online titles in Korea and China, and our release of the mobile title DomiNations in the regions is already showing promising traction, particularly in Korea.  We also entered into a publishing agreement with Korean game developer Bluehole Studio for a new mobile game based on TERA.  In North America, we entered into a two exciting new partnership agreements – one with Respawn Entertainment and game developer Particle City for new mobile games based on the hit Titanfall IP, and one with QC Games, a new game development studio led by industry veteran Dallas Dickinson, for distribution rights of their first games.

Check out the Nexon Q3 2015 earnings report.

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