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Nexon Q2 2025-26 Earnings: Strong Game Momentum Despite Revenue Decline

maple story on nexon.
maple story on nexon.

Nexon has published its Q2 2025-26 fiscal year earnings report, showing a mixed financial picture. The company highlighted that Maple Story and Dungeon & Fighter maintained solid momentum over the quarter, even though overall revenue, operating income, and net income fell compared to the same period last year.


According to the report, combined Q2 revenue from Nexon’s top three franchises — Dungeon & Fighter, Maple Story, and FC Online — dropped 13% year-on-year. This decline was largely attributed to the anticipated slowdown in Dungeon & Fighter Mobile, which had a strong launch in Q2 2024 but has since cooled off.


Nexon Q2 2025-26 Earnings Report — Key Highlights

Q2 2025 Financial Figures:

  • Revenue: ¥118.9 billion ($804.7 million) — down 3% YoY.

  • Operating income: ¥37.7 billion ($255.2 million) — down 17% YoY.

  • Net income: ¥16.8 billion ($113.7 million) — down 58% YoY.


Game-Specific Updates:

  • The First Descendant:

    • Q2 results met expectations.

    • Season 3 launched on August 7, expected to almost triple quarterly revenue in Q3.

  • The Finals:

    • Outperformed forecasts.

    • Boosted by a well-received June/Season 7 update.

    • Closed alpha testing began in China earlier this month.

  • ARC Raiders:

    • Successful tech test in May.

    • Ranked 3rd on Steam’s Top Wishlists chart globally (as per Alenea Analytics).

    • Launch set for October 30, 2025.


Franchise-Specific Performance:

  • Dungeon & Fighter:

    • PC segment revenue grew 67% YoY in Q2.

    • Overall franchise revenue fell 40% due to mobile slowdown.

    • Nexon expects another 45% drop in Q3 but hopes PC sales will offset losses.

  • Maple Story:

    • Revenue up 60% YoY, driven by strong Korean performance and MapleStory Worlds expansion.

    • Projected to grow 70% YoY in Q3.


Executive Remarks:

Nexon CEO Junghun Lee praised the quarter’s outcomes, noting that the company has “re-ignited growth in key titles” and built excitement for future launches, with ARC Raiders positioned as one of the most anticipated games heading into October.


Source: GI.Biz

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