The following is a summary of the NEXON Co., Ltd. (NEXOF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• NEXON reported Q1 revenue of ¥108.4 billion, surpassing expectations due to successful performance metrics from FC ONLINE, FC MOBILE, and Blue Archive.

• Operating income and net income stood at ¥29.1 billion and ¥35.9 billion, respectively, exceeding anticipated figures due to effective cost management.

• NEXON's board of directors increased the semiannual dividend by ¥2.5 to reach a per share dividend of JPY7.5 semiannually, or ¥15 annually.

• The company initiated a ¥30 billion share repurchase due to take place from May 15 to July 19.

Business Progress:

• NEXON is focusing on invigorating the in-game economy and aiming for long-term growth in Dungeon&Fighter in China and MapleStory in Korea.

• The Q2 outlook includes contributions from new promising titles such as HIT2 in Japan, THE FINALS, and MapleStory Worlds in Korea.

• NEXON continues to develop new games and IPs, with a focus on implementing a franchise management strategy to drive efficiency and profitability.

• Arc Raiders is progressing, with high internal expectations and preparations with Embark Studios and NEXON noted.

• Junghun Lee, the CEO's vision of NEXON in 2027 involves a strong robust portfolio with enduring IPs, with steps already being taken to expand the MapleStory franchise.

More details: NEXON CO LTD IR

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