Nexon's solid growth outlook for the second quarter

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stockmk2020@alphabiz.co.kr | 2023-07-12 01:20:40

 

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] According to financial information provider FnGuide on the 11th, NC's second-quarter earnings consensus (average estimate by securities firms) was 467.9 billion won in sales and 42.9 billion won in operating profit.

This is a decrease of 25.6% in sales and 65.1% in operating profit compared to the same period last year. As a number of multi-access role-playing games (MMORPG) competitors appeared in the domestic game market in the second quarter, it is believed that the performance of the flagship "Lineage" series may have also been affected.

Netmarble is also expected to continue its deficit. Netmarble's expected sales in the second and fourth quarters are expected to continue its operating loss at 639 billion won, down 3.3 percent from a year earlier.

Even with this ups and downs of 2N, only Nexon is expected to be solid. Listed on the Japanese stock market, Nexon posted consolidated sales of 1.14 trillion won (124.1 billion yen) and operating profit of 517.6 billion won (56.3 billion yen) in the first quarter. This is the result of a 36% year-on-year increase in sales and 46% increase in operating profit, respectively, the highest ever in a single quarter.

In the second quarter of this year, the estimated sales range is between 812 billion won and 888.2 billion won (88.4 billion to 96.7 billion yen) based on the yen's exchange rate, which is analyzed to have achieved external growth compared to the same period last year. The estimated operating profit range in the second and fourth quarters is estimated to be 203 billion won to 263.7 billion won, similar to the previous year. 

 

In the third and fourth quarters, service areas for existing popular games are also expected to be expanded. Nexon Games, a development subsidiary of Nexon Korea, will officially launch its popular subculture-collecting role-playing game (RPG) "Blue Archive" in China on August 3.

 


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