Nexon reports decrease in revenue due to rising exchange rates

In its quarterly financial report, Nexon holds its strong mobile and PC game presence in China and Korea responsible for stronger-than-expected financial results in the third quarter, despite a decrease in year-over-year revenue.

For the quarter ending September 30, 2016, the company reported ‎¥44.3 billion (~ $414.3 million) in revenue, which is an 11 percent decrease year-over-year but said that revenue is up 4 percent without taking changes in exchange rates into consideration. Nexon also reported 12 percent year-on-year decrease in operating income and a net income of ¥7.6 billion (~ $71 million).

The Japan-based company said that the decrease in revenue was the result of fluctuations in exchange rates that caused the yen to increase in value.

Despite this, the company saw stronger-than-expected financial results, thanks in no small part to a strong PC and mobile game presence in both China and Korea. Two longstanding games, Dungeon&Fighter and MapleStory, maintained a strong presence in the two countries due to recent content updates.