[NXNA] Q2 Revenue Up 26%

Source: http://games.venturebeat.com/2010/07/30/as-console-game-sales-shrink-nexons-online-game-revenues-grow-26-percent/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29

Nexon America said it has seen quarter revenues grow 26 percent in the second quarter, even as U.S. console game sales shrank during the same period.

Nexon America, a division of South Korea’s Nexon, makes free-to-play online games, where users can play for free but pay real money for virtual goods as they go. Nexon pioneered this business model in South Korea as a way to combat piracy, and now it is becoming a popular way to make money on games in the U.S. Game industry executives should take note that online games are catching on fast in almost every category, while retail game sales continue to sag.

That’s because sales of used games are hurting console sales and fewer consumers want to pay $60 for a new console game, since there are plenty of free games on the internet. Nexon said that June alone was up 36 percent from a year ago. The company does not disclose actual revenue and profit numbers.

Maplestory, a popular five-year-old Nexon role-playing game, recently passed 7 million registered users in North America, while Combat Arms has surpassed 4 million registered users. Nexon’s Mabinogi has more than 1 million registered users.

“Our player base and revenues continue to expand, which tells us that gamers find that our free-to-play business model fits their play needs,” said Daniel Kim, Nexon America’s chief executive. Nexon recently launched Dungeon Fighter Online and is preparing to release Vindictus, another role-playing game. A closed beta will start for that game on Aug. 10.

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Posted on July 30, 2010, in Nexon America. Bookmark the permalink. 10 Comments.

  1. kay . so why do we care about howmuch money nexon has made ?

    • That’s a question I get asked a lot, along with “Why do we care who the Nexon executives are?”. The fact is that Nexon is arguably the biggest publisher of online games, and by far the most popular, in the world. Right now Nexon is paving the way into the global next generation of free games. They have run one of the most successful online games in America for more than 5 years, a game that you play and love. Nexon and the Nexon community SHOULD be like a family to you and any other active player of their games. The global population of Nexon’s games, their revenue, their staff and their market domination should be things that should really interest you and things that should be shared among all Nexon gamers.

      • uhm .. if i should treat them like a family member then i wil treat them like a oucast nephew that steals money and harrases women xD …….. but i get ya point but isnt BLIZZARD bigger ?

        • Fact: World of Warcraft is Blizzard’s biggest game. It has 11.5 million subscribers.
          Fact: Kart Rider is Nexon’s biggest game with over 230 million active and unique players. It is the national game of South Korea and is played by over 1/3 of the population.
          Fact: World of Warcraft’s highest concurrent user tally is 1 million.
          Fact: Dungeon & Fighter (Dungeon Fighter Online) has over 200 million active and unique players and has set a world record 2.2 million concurrent users.

          Blizzard is bigger in North America, but in Asia Blizzard doesn’t stand a chance in a popularity content against other companies like Nexon, NHN and NCSoft.

  2. kay … but omg 200 million ppl !!!! at DFO ?!!
    and 230 at kart rider ( it a lame race game in my eyes )
    do you know howmuch maplestory has ?
    GMS , KMS , EMS , and all together plz

    • MapleStory has approximately 95 million worldwide, 7 million in North America, 15 million in Korea, over 50 million in China, a few million in SEA. Not sure how the others contribute.
      And to add to how significant Nexon is in the gaming world, Nexon developed the world’s first graphic MMO. We can now thank Nexon for such an early start to the MMO market.

  3. (with all together i mean all the MS versions

  4. wtf kart rider is theyre biggist game malestory should be kard rider is just a gay race game .maplestory always gets new jobs new content but draagon nest is gunna be next for top spot and btw is theyere anything on dragn nest on nexons site yet?

    • Not yet. For two reasons: Dragon Nest is more than a half year away, so they wouldn’t put up a website just yet. And also, Vindictus is a better game and is going to be much more successful than Dragon Nest.

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