Nexon Co Ltd stock (JP3765000006): Record 2025 revenue on game hits

Nexon Co Ltd reported record full-year 2025 revenue of ¥475.1 billion, up 6% year-over-year, driven by ARC Raiders' 14 million unit sales and MapleStory growth, per company data published in early 2026.

Nexon Co Ltd achieved record annual revenue of ¥475.1 billion for full-year 2025, marking a 6% increase from the prior year. This performance was fueled by the launch of ARC Raiders, which sold 14 million units within 15 weeks of its October 30, 2025 release, and a 43% jump in MapleStory franchise revenue. North America and Europe contributed 31% of Q4 2025 revenue, up significantly from 10% in Q1, according to Rec0deD:88 as of 2026. South Korea remained the largest market at 45% of Q4 revenue.

As of: 12.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: NEXON Co., Ltd.
• Sector/industry: Video games and online entertainment
• Headquarters/country: South Korea
• Core markets: South Korea, North America, Europe, Asia
• Key revenue drivers: PC and mobile games like MapleStory, ARC Raiders
• Home exchange/listing venue: Tokyo Stock Exchange (3659.T)
• Trading currency: JPY

Nexon Co Ltd: core business model

Nexon Co Ltd develops and operates online video games for PC, console, and mobile platforms worldwide. Founded in 1994 and headquartered in South Korea, the company pioneered free-to-play models with microtransactions, powering titles like MapleStory and Dungeon & Fighter. Its business relies on live-service games that generate recurring revenue through in-game purchases, with a growing focus on global expansion including North America via Nexon America.

The Tokyo-listed firm (ticker: 3659.T) also pursues new IP launches like ARC Raiders, a multiplayer survival shooter that drove 2025 growth. Nexon maintains studios across Asia and publishes via subsidiaries, emphasizing long-term player engagement over one-off sales.

Main revenue and product drivers for Nexon Co Ltd

MapleStory remains a cornerstone, with 43% annual revenue growth in 2025, while ARC Raiders' 14 million units sold post-October 2025 launch boosted full-year results to ¥475.1 billion, up 6% YoY per Rec0deD:88 as of 2026. Dungeon & Fighter and mobile hits like HIT and V4 contribute steadily, with North America/Europe rising to 31% of Q4 2025 revenue from regional hits.

Free-to-play mechanics drive over 90% of revenue via items and passes. South Korea holds 45% share, but international growth supports US investor interest through exposure to global gaming trends.

Industry trends and competitive position

The global gaming market favors live-service titles amid rising mobile and PC esports demand. Nexon competes with Tencent, NetEase, and Activision Blizzard, leveraging Asian IP strength and Western expansion. Its 2025 record underscores adaptability to player preferences for ongoing content updates.

Why Nexon Co Ltd matters for US investors

Nexon offers US investors access to Asia's gaming boom via OTC listing (NEXOY) and Tokyo shares. With North America at 31% of recent quarterly revenue, it ties into US consumer spending on digital entertainment, providing diversification beyond domestic tech giants.

Conclusion

Nexon Co Ltd's record 2025 revenue highlights strength in key franchises and new launches like ARC Raiders. Regional diversification, especially in North America, positions it amid global gaming shifts. Investors track upcoming titles and quarterly metrics for sustained momentum.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.