Nexon revenues dip quarter-over-quarter to $290.8 million in Q2

  • SHARES

By Kathleen De Vere Comment

Nexon has posted its Q2 2012 results, reporting total revenues of 22.8 billion yen ($290.8 million), up 12 percent year-over-year, but down 24.7 percent from its Q1 2012 revenues of 30.3 billion yen ($387.2 million). The company’s net income during the quarter was 6.7 billion yen ($85.6 million), up 32 percent year-over-year, but down 45.5 percent from Q1’s 12.3 billion yen ($157.1 million).

The company’s most lucrative region was China, which was responsible for 47 percent of Nexon’s business, bringing in 10.7 billion yen ($136.5 million) in revenue — an increase of 38 percent year-over-year,

Nexon is estimating it will earn about 24.9 billion yen ($318.2 million) in revenue during Q3 2012, and its total revenues for the 2012 fiscal year will be approximately 104.3 billion yen ($1.33 billion), an increase of 19 percent year-over-year.

Advertisement
Advertisement