on Nexon's latest financial results, saying the
company's Korean business full-year revenues held steady "despite declines in
China." Word is: "Both Maple Story and Maple Story M in Korea achieved their
highest Q4 and full-year revenues in 2019, beating previous records set last
year. Maple Story revenue grew 88% year-over-year in Q4, and the mobile
version's revenue was up 114%. Full-year revenues were up 39% and 65%,
respectively. FIFA Online 4 was also a solid contributor to Nexon's earnings
last year, similarly seeing its highest Q4 and full-year revenues and surpassing
the peak of FIFA Online 3." Here is an outline some financial specifics:
Nexon reported full-year revenue of ¥249.5 billion ($2.3 billion), down
2% year over year, operating income of ¥94.5 billion ($860 million), down 4%
year over year, and net income of ¥115.7 billion ($1.05 billion), up 7% year
For Q4, Nexon announced revenue of ¥49.2 billion ($448 million), up 7% year over
year. Q4 operating income was ¥4.5 billion ($41 million), up 16% year-over-year,
and net income was ¥3.3 billion ($30 million), down 50% year-over-year.
However, both operating and net income were both below the company's outlook.
Operating income was low due to a ¥9.2 billion ($84 million) impairment loss on
assets related to Pixelberry, including good will impairment. Net income,
meanwhile, was further hurt due to a ¥11.4 billion ($104 million) foreign
exchange loss on US dollar-denominated cash deposits, mostly offset by a ¥11
billion ($100 million) in deferred tax assets related to foreign tax credit at
Nexon's subsidiary Neople.