NEXON AMERICA GROWS 59 PERCENT IN Q1
Nexon America said it has grown its revenues 59 percent the first quarter from a year ago as the company’s free-to-play online games continue to gain traction in the U.S.
That’s a pretty big jump in a normally weak quarter for the company, which is the North American division of South Korea’s Nexon. It shows that adding new content and convincing new users to switch to free-to-play games — where users play for free and pay real money for virtual goods — is helping Nexon gain market share.
Los Angeles-based Nexon said that first quarter sales typically decline on a seasonal basis compared to the rest of the year. The company does not disclose actual revenue and profit numbers. Nexon specializes in downloadable online games such as Maplestory.
