Nexon makes quality pledge after poor Q1

Nexon has promised shareholders to renew its focus on quality this week as itsfirst quarter resultsshow revenue and profit growth have slowed.

The Korean-based F2P publisher earned 47.5bn in revenue, up seven per cent year-on-year, but down three per cent on a constant currency basis in the three months to March 31st, 2014. This was a big decline in growth compared to the first quarter of 2013, when its revenue and profit increased 36 per cent and 19 per cent respectively.

CEO Owen Mahoney said there was a need to focus on quality over quantity, which will necessitate the reallocation of resources "to our best games, and cut all others".

Develop has more details.

About MCV Staff

Check Also

PS5 vs Xbox Series

Analyst: PS5 to consistently outsell Xbox Series across next five years globally

"The PlayStation brand still resonates more strongly than Xbox outside of the US and UK markets."