Tokyo-based Korean F2P game publisher Nexon has reported stable earnings for the 2013 final quarter and fiscal year.
Annual revenues rose 43 per cent to 155.3 billion JPY, with both operating and net income up 7 per cent year-on-year to 50.7 billion JPY and 30.1 billion JPY respectively.
The fourth quarter report showed a 17 per cent increase in PC game revenues, but a 5 per cent decline in mobile game earnings. Nexon also noted a 65 per cent rise Korean game revenues, including “strong performance” by FIFA Online 3 in Korea.
The company also announced former chief executive Seungwoo Choi’s retirement and the appointment of Owen Mahoney as president and CEO.
“I am delighted and honoured to have the opportunity to lead this outstanding company,” said Mahoney, who joined Nexon as CFO in 2010.
“We will continue to build on our success by focusing even more sharply on a smaller number of high-quality titles and development efforts,” continued Mahoney in a statement. “(As well as) attracting and supporting leading industry talent, and leveraging our accumulated expertise and track record of successful partnerships with leading talent around the world looking to transition to free-to-play.”
