Nexon posted record quarterly revenue of ¥152.2 billion ($959 million) in Q1 2026, a 34% year-over-year jump driven by the ongoing success of ARC Raiders and the MapleStory franchise. The Tokyo-listed gaming company ended fiscal 2025 with ¥475.1 billion in annual revenue and more than ¥800 billion in cash reserves. This article covers the latest Nexon statistics for 2026, including revenue, player metrics, stock performance, and regional breakdowns.
Nexon Statistics 2026 – TL;DR
Nexon recorded ¥152.2 billion ($959 million) in Q1 2026 revenue, up 34% year-over-year.
Full-year 2025 revenue hit a record ¥475.1 billion (~$3.1 billion), with operating income at ¥124 billion.
ARC Raiders has sold over 16 million units since its October 2025 launch, with a peak of 960,000 concurrent players.
The MapleStory franchise grew 42% in Q1 2026 and 43% across full-year 2025, both record highs in the franchise’s 22-year history.
Nexon trades at ¥2,256 on the Tokyo Stock Exchange (3659.T) with a market cap of approximately $11.3 billion as of May 2026.
How Much Revenue Does Nexon Generate?
Nexon reported ¥475.1 billion in full-year 2025 revenue, a 6% increase on an as-reported basis and a 10% gain on a constant-currency basis. Operating income stayed flat at ¥124 billion. Net income fell 32% to ¥92.1 billion, weighed down by foreign exchange losses compared to gains in 2024.
Q1 2026 brought a record quarter. Revenue reached ¥152.2 billion, operating income rose 40% to ¥58.2 billion, and net income more than doubled to ¥57.2 billion (boosted by a ¥14.5 billion FX gain). Nexon’s three largest franchises — MapleStory, Dungeon&Fighter, and FC — generated a combined ¥92.9 billion in Q1 2026 alone. For context on the broader gaming industry revenue landscape, global gaming hit $188.8 billion in 2025.
| Year | Revenue (¥ Billion) | YoY Change |
|---|---|---|
| 2020 | 293.0 | +9.2% |
| 2021 | 274.0 | -6.5% |
| 2022 | 354.0 | +29.2% |
| 2023 | 423.3 | +19.6% |
| 2024 | 446.2 | +5.4% |
| 2025 | 475.1 | +6.5% |
Source: Nexon Earnings Releases, Stock Analysis
Nexon Revenue By Region
South Korea accounted for 53% of Nexon’s full-year 2025 revenue at ¥250 billion. China followed at ¥109.5 billion (23%), though that figure was down 25% from 2024 due to weakness in Dungeon&Fighter Mobile. North America and Europe saw the sharpest growth, with annual revenue reaching ¥68.6 billion — a 364% spike in Q4 alone — after ARC Raiders found a massive Western audience.
In Q1 2026, North American and European revenue jumped 310% year-over-year to ¥38.4 billion. East Asia (Korea, China, Japan) still makes up 61% of total quarterly revenue, but the Western share has expanded rapidly. Total overseas revenue set a new company record, up 59% year-over-year. Broader trends in global video game statistics show that the Asia-Pacific region remains the largest gaming market worldwide.
| Region | Revenue (¥ Billion) | Share |
|---|---|---|
| South Korea | 250.0 | 53% |
| China | 109.5 | 23% |
| North America & Europe | 68.6 | 14% |
| Rest of World | 33.0 | 7% |
| Japan | 14.0 | 3% |
Source: Nexon Q4 2025 Earnings Presentation
How Does Nexon’s Online Gaming Revenue Break Down By Platform?
PC and console games generated 74% of Nexon’s Q4 2025 revenue at ¥91.6 billion, up from ¥49.6 billion in Q4 2024. Mobile contributed the remaining 26%. The platform split reflects ARC Raiders’ strong console and PC sales alongside steady MapleStory PC performance in Korea, where the game’s revenue tripled in Q3 2025 alone. The shift toward PC/console is notable given that mobile gaming still leads globally with $103 billion in 2025 revenue.
Nexon Korea reported separate-basis revenue of ₩3.1 trillion ($2.2 billion) for 2025, up 28.5%, with operating profit climbing 59.1% to ₩623.6 billion. The operating margin improved from 16.2% to 20.1%.
Nexon Player Metrics and Game Performance
ARC Raiders, developed by Stockholm-based Embark Studios and released October 30, 2025 at $40 per copy, crossed 16 million units sold by Q1 2026. It sold 4.6 million copies in the first quarter alone. The game hit a peak of 960,000 concurrent players in January 2026 and maintained roughly 6 million weekly active logins well past launch — an unusual retention curve for a paid extraction shooter. Embark plans two major content updates per year going forward, with the “Frozen Trail” expansion due October 2026.
MapleStory’s franchise recorded 42% year-over-year revenue growth in Q1 2026, driven by MapleStory: Idle RPG and MapleStory Worlds (a user-generated content platform). Korea MapleStory PC saw MAUs, paying users, and average revenue per paying user all climb. In April 2026, Nexon opened a Maple Island area at Lotte World Adventure in Seoul. Steam data estimates MapleStory’s concurrent player count at roughly 61,000 as of May 2026, though the franchise’s primary player base operates on Nexon’s own launchers in Korea and Asia, where numbers are far larger. These player counts track alongside the broader Steam user statistics showing the platform’s continued growth.
The Finals, another Embark Studios title, posted a 47% year-over-year revenue increase in Q1 2026. Dungeon&Fighter PC grew double digits in China due to a renewed ten-year partnership with Tencent for publishing, though the mobile version continued to decline.
Nexon Stock Performance and Market Data
Nexon trades on the Tokyo Stock Exchange under ticker 3659.T. As of late May 2026, the stock sat at approximately ¥2,256, down from a 52-week high of ¥4,434. The 52-week low was ¥2,143.50. The company’s market cap stands at roughly ¥1.8 trillion ($11.3 billion).
The trailing PE ratio is 19.78, with earnings per share at ¥114.10 (TTM). Nexon pays a forward dividend of ¥60 per share, a 2.64% yield, with an ex-dividend date of June 29, 2026. The stock dropped 4% after Q1 2026 earnings were released because revenue of ¥152.2 billion fell short of the ¥157.85 billion analyst consensus. Analyst targets average ¥3,332.89, with 8 buy ratings and 1 sell, according to Yahoo Finance data. For comparison, other major gaming companies like Microsoft Gaming have also experienced stock volatility tied to earnings.
| Metric | Value |
|---|---|
| Stock Price (May 2026) | ¥2,256.50 |
| 52-Week High | ¥4,434.00 |
| 52-Week Low | ¥2,143.50 |
| Market Cap | ~¥1.8 Trillion ($11.3B) |
| PE Ratio (TTM) | 19.78 |
| EPS (TTM) | ¥114.10 |
| Forward Dividend Yield | 2.64% |
| Employees | 9,834 |
Source: Yahoo Finance, Investing.com
What Is Nexon’s Outlook For 2026?
Nexon guided Q2 2026 as the softest quarter of the year, expecting revenue to range from a 10% decline to 1% growth year-over-year. Operating income is forecast to drop 33% to 57%, largely due to headwinds in the Dungeon&Fighter franchise in China and seasonal factors. The company expects multiple growth catalysts in the second half, including major content updates for ARC Raiders, continued MapleStory expansion, and the release of Mabinogi Mobile in Japan.
Nexon ended 2025 with more than ¥800 billion in cash and cash equivalents. The company also announced a ten-year renewal of its Tencent publishing deal for Dungeon&Fighter in China, securing long-term revenue from its largest franchise in the region. The broader PC gaming ecosystem continues to grow, which should support Nexon’s expansion into Western markets via ARC Raiders and future titles from Embark Studios.
FAQ
How much revenue did Nexon generate in 2025?
Nexon reported record full-year 2025 revenue of ¥475.1 billion (approximately $3.1 billion), a 6% increase over 2024. Operating income was ¥124 billion.
How many copies has ARC Raiders sold?
ARC Raiders surpassed 16 million units sold by Q1 2026, including 4.6 million copies during the first quarter of 2026 alone. The game peaked at 960,000 concurrent players.
What is Nexon’s stock price in 2026?
Nexon (3659.T) trades at approximately ¥2,256 as of May 2026, with a market cap of ¥1.8 trillion (~$11.3 billion) and a trailing PE ratio of 19.78.
Which region generates the most revenue for Nexon?
South Korea is Nexon’s largest market, accounting for 53% of full-year 2025 revenue at ¥250 billion. China ranked second at 23%, and North America and Europe grew to 14%.
How many employees does Nexon have?
Nexon employs 9,834 people globally across offices in Japan, South Korea, the United States, Sweden, and other regions.
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