The following is a summary of the NEXON Co., Ltd. (NEXOF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• NEXON reported record-breaking quarterly revenue of ¥135.6 billion, up 13% year-over-year.

• Q3 operating income was also record-breaking at ¥51.5 billion, marking an 11% increase year-over-year.

• Despite negative foreign exchange impacts, financial performance remained strong, with upper range forecasts in line with expectations.

Business Progress:

• Successfully launched new IPs, including The First Descendant, contributing significantly to the horizontal growth strategy.

• Continued vertical growth through ongoing updates and improvements, particularly in the Dungeon&Fighter franchise, which saw a 142% growth due to its mobile platform expansion in China.

• MapleStory demonstrated strong performance outside Korea, highlighting successful hyper-localization efforts.

• Announced new games like Dungeon&Fighter: Arad and SUPERVIVE, further expanding the game portfolio.

Opportunities:

• Emphasis on extending proven franchises like Dungeon&Fighter and MapleStory into new platforms and regions promises ongoing revenue growth.

• New intellectual properties and expansions like The First Berserker: Khazan aim to enhance presence in Western markets, tapping into new demographic trends.

Risks:

• NEXON identified risks in the pacing of financial growth due to their strategic investments focusing on long-term gains over immediate returns.

• Depreciation in new game performance post-launch, as seen with The First Descendant, observed from launch until stabilization.

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