Nexon’s Auditor’s report revealed that Neople, a developer of Dungeon Fighter Online (DFO), generated revenue of 1.6 billion Won (US$ 141 million) and profit of 99.9 billion Won (US$ 90.8 million) in 2009.
Net profit grew 350% compared to a year ago, from 28.7 billion Won (US$ 26.1 million). Such massive growth is stemmed from loyalty revenue from the Chinese market and favorable exchange rates.?Tencent, a DFO publisher in China, announced that MCU reached 2.2 million last month.
Nexon acquired Neople in 2008 for 385.2 billion Won (US$350.2 million).
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OK. Folks! Here are more numbers from 1Q09 financial reports.
inews24, a Korean online media site, reported that Korean Big 5, NCsoft, NHN, Nexon, Neowiz Games, CJ Internet, exceeded their initial goal in Q1 and it’s expected to reach 2 T Won (US$ 1.5 B) which accounts for 61% of total online gaming market in Korea in 2009.
A few noteworthy pointers from the article;
- 1Q09 revenue: 133.4 B Won (US$ 102.6 M)
- Expected revenue to be over 600B Won (US$ 102.6 M) in 2009
- Aion licence loyalty starts rolling from China as of 2Q and revenue from commercial services in Taiwan and Japan as of 2H.
- Revenue in 2008 (including NHN Japan and China): 572.9 B Won (US$ 441.4 M)
- Revenue in 1Q09 : 161.1 B Won (US$ 123.9 M)
- 1Q09 revenue breakdown:
- Hangame (Korea): 116.4 B Won (US$ 89.5 M)
- China: 5.5 B Won (US$ 4.2 M)
- Japan: 39.3 B Won (US$ 30.2 M)
- Revenue in 2008: 500 B Won (US$ 384.6 M)
- MapleStory still going strong and Dungeon Fighter Online (던전앤파이터) now added to lineup so all in all very promising
– Neowiz Games
– CJ Internet
- Revenue in 1Q: 56.3 B Won (US$ 43.4M)
- Prius Online (프리우스 온라인) not so good outside of Korea
- Big hopes for Dragon Ball Online (드래곤볼 온라인)
There you have it. Hope this is enough to fill your report or to brag your knowledge on Korean online gaming market to coworkers. Just don’t forget to thank inews24 for that.
* 1Q09 financial statements were not available at the moment for those companies who only have 2008 data. Will update the post once I access to them.