Nexon – Latest financial results paint a rather healthy picture for gaming giant

Amidst all the recent gloomy news about the future of Nexon in North America and Europe, Nexon today announced healthy financial results for the second quarter of 2019 (April to June). Overall, the net income surpassed expectations despite being down by a massive 41% compared to the same period in 2018. This is because Nexon recorded a ¥3.6 billion impairment loss primarily on right-of-use assets. I will let the experts to explain what this is, but technically Nexon had already expected this loss before the quarter. Finance stuff…

Of course, the good results for North America and Europe is not enough for Nexon, hence the recent massive change in the organization. I would say we need to wait until the first quarter of 2020 to see if handing over the reigns to Embark Studios, led by a former EA executive, is a successful one. No matter, as of now the pipeline of new titles remain the same with just a couple of new additions. It remains to be seen if any of the titles will be canned by the new regime, which doesn’t seem to have much experience in working on F2P games from Asia. Will titles such as SINoALICE and Revisions: Next Stage be in danger?