NEXON Co Ltd
(FRA:7NX)
€
18.2
+2.6 (+16.67%)
Market Cap: 12.80 Bil
Enterprise Value: 9.92 Bil
PE Ratio: 17.71
PB Ratio: 2.20
GF Score: 82/100 
Q2 2026 Nexon Co Ltd Earnings Presentation Transcript
Aug 13, 2026 / 08:00AM GMT
Release Date Price:
€15.6
(+17.69%)
Key Points
Positve
- NEXON Co Ltd (NEXOF) reported Q2 revenue and operating income above expectations, with revenue reaching JPY121.1 billion, a 2% year-over-year increase.
- The MapleStory franchise delivered a record-setting quarter with 63% year-over-year revenue growth, driven by strong performances from MapleStory Worlds and MapleStory: Idle RPG.
- ARC Raiders continues to be a major success, surpassing 16.3 million units sold and generating over JPY88 billion in revenue since its launch, proving NEXON's capability in Western markets.
- The company announced a special dividend of JPY415 per share, totaling approximately JPY324 billion, to return excess cash to shareholders and improve capital efficiency.
- Management's transformation initiative is showing progress, with full-year HR costs expected to remain flat year-over-year and a focus on eliminating low-margin projects to improve profitability.
- The pipeline is robust with multiple upcoming releases in the second half of 2026, including MABINOGI MOBILE, DAVE THE DIVER, and Arad: Idle RPG, which are expected to drive future growth.
Negative
- Operating income declined 17% year-over-year in Q2, reflecting a shift in product mix with higher revenue-linked costs such as creator fees and user acquisition costs.
- The Dungeon&Fighter franchise experienced a significant 44% year-over-year revenue decline, with soft starts to new season updates in both PC and mobile versions.
- The FC franchise underperformed expectations, as the World Cup did not translate into the anticipated traffic lift, and technical issues in FC Mobile affected traffic and monetization.
- Q3 operating income outlook is expected to decline by 40% to 14% year-over-year, impacted by higher costs for new title promotions and a one-time cost related to stock option adjustments.
- ARC Raiders revenue is expected to normalize and decline sequentially in Q3, more than nine months after its initial launch.
- The company faces a challenging comparison for MABINOGI MOBILE, with Q3 revenue expected to decline year-over-year against a strong launch quarter in 2025.
Maiko Ara
NEXON Co., Ltd. - Head of Investor Relations and Corporate Communications
Hello, everyone, and welcome to NEXON's online earnings presentation. Thank you for joining us today. With me are Patrick Soderlund,
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