Nexon Financials

Nexon Releases Earnings for First Quarter 2021, reporting 7% growth year on year. Here's more in case you have a yen for the financial details:
First Quarter 2021 Highlights:

  • Nexon group revenues were ¥88.3 billion, up 7% year-over-year on an as-reported basis and up 3% year-over-year on a constant currency1 basis – within the range of our outlook
  • Operating income was ¥43.3 billion – exceeded our outlook. This was primarily due to lower-than-planned costs including payment gateway fees and marketing costs
  • Net income2 was ¥46.0 billion – exceeded our outlook primarily driven by an ¥18.1 billion FX gain related to the depreciation of both the Korean Won and Japanese yen against the U.S. dollar during the quarter and its corresponding impact on U.S. dollar-denominated cash deposits