Nexon recently announced its financial results for the third quarter, revealing a 12% drop in revenue. This decline was largely caused by disappointing launches of the games The First Descendant and Dungeon & Fighter Mobile in China last year.
Despite that, they reported experiencing “extended robust performances” from their main franchises.
Despite a 27% drop in revenue compared to last year, Nexon reported that their financial performance for the quarter met expectations. Notably, their net income actually increased by 41% compared to the same time last year.
A major reason for this is the huge popularity of ARC Raiders, which Nexon says is their biggest global launch ever.
Since its release on October 30, 2026, this new game has become a hit, selling over 4 million copies.
Embark Studio’s ARC Raiders quickly gained popularity, attracting an impressive 700,000 players at its peak.
Nexon’s CEO reported a 61% increase in revenue compared to last year, thanks to the positive reception of ARC Raiders and the ongoing popularity of MapleStory.
Nexon also announced that ARC Raiders is coming to China, but this version will be different and separate from the one available worldwide.
ARC Raider’s Massive Success a Key Driver for Nexon’s Revenue Growth
In addition to ARC Raiders, Embark Studios’ game THE FINALS helped the company increase its revenue by 58% compared to the previous year.
Nexon announced they’re creating a version of the game for Chinese players, teaming up with Tencent. An open beta test will start on November 18th.
Because the game ARC Raiders is consistently performing well and attracting a large audience, Morgan Stanley has upgraded its rating of Nexon’s stock, moving it from ‘Equalweight’ to ‘Overweight’.
Analysts increased their price target for Nexon stock, raising it from 3,600 yen to 4,000 yen. They believe Nexon’s new game, ARC Raiders, is currently the most promising extraction shooter available and has the potential to become a major, long-term success for the company.
I’m really excited to see MapleStory: Idle RPG is helping the company grow, along with the continued success of Dungeon & Fighter mobile in China! It’s great to see both games contributing to their overall revenue.
These factors led Morgan Stanley to upgrade its rating of Nexon’s stock and raise the price target by approximately 11.1%.
Nexon has assured ARC Raiders players that they can expect a steady stream of new content, starting this month and continuing throughout 2026 and into the future.
Embark Studios recently launched an update that adds the North Line Train and a new map called Stella Montis.
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2025-11-13 17:37