NEXON CO LTD UNSP/ADR - NEXOY STOCK NEWS

Nexon has unveiled the new Cannoneer class in its mobile MMORPG MapleStory M, enhancing gameplay with a powerful hand cannon and a supportive monkey companion. This launch is celebrated with a series of growth events from March 16 to April 19, offering rewards such as character slot coupons and auto-battle tickets. Additionally, the Daisy Style Festival kicks off, allowing players to showcase their fashion sense until March 30. MapleStory M has achieved over 16 million downloads since its debut in July 2018.

Nexon has announced the launch of the new update Double Trouble Superstars for MapleStory, featuring character creations for Yeti and Pink Bean. This update includes a long-awaited 64-bit client for improved performance, new missions, and a special event.
Players can earn rewards through various events, including bonuses such as 50% more EXP and themed items. Additionally, there are rewards for players using GeForce NOW during the promotional period from March 25 to April 29.

NEXON Co., Ltd. announced its financial results for Q4 and the fiscal year ended December 31, 2021. The company reported revenues of ¥54.3 billion, an 18% drop year-over-year, while operating income stood at ¥3.0 billion. Notably, net income exceeded expectations at ¥22.0 billion, bolstered by deferred tax assets and foreign exchange gains. NEXON is set for a significant year in 2022, with three new virtual worlds launching, including Mobile Dungeon&Fighter in Korea on March 24. The firm projects Q1 2022 revenues between ¥84.8 billion and ¥92.7 billion.

NEXON Co., Ltd. is set to release Mobile Dungeon&Fighter in Korea on March 24. The game, part of a franchise with over 850 million users, offers 2D arcade-style action and immersive RPG elements. It is the first of three new titles scheduled for release in 2022. Following Mobile Dungeon&Fighter, KartRider: Drift and ARC Raiders are expected to launch later this year, broadening Nexon's gaming portfolio.

Nexon Co., Ltd. has announced a strategic minority investment of $400 million in AGBO, an independent entertainment company, aimed at expanding Nexon’s IP in film and television. The deal positions Nexon as the largest individual shareholder in AGBO, valued at approximately $1.1 billion. This investment is set to accelerate AGBO’s creative projects and enhance Nexon’s gaming business through franchise development. If needed, Nexon has pledged an additional $100 million in the first half of 2022.

Nexon's MapleStory M has launched a significant update featuring the new Pathfinder class, raising the max level to 250. This update introduces daily and weekly missions, a new mini-dungeon, and winter seasonal events offering exclusive rewards. Players can participate in various challenges and events, including the Pathfinder Link Event which runs until January 19, 2022. The update also includes improvements to mini-dungeon gameplay and the introduction of the Dominator Pendant crafted from materials obtained by defeating Arkarium.

Nexon America Inc. announced the introduction of a feature allowing players to purchase in-game items using various cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, alongside traditional payment methods. This initiative will be powered by BitPay, known for its user-friendly cryptocurrency solutions. Although NEXON Co., Ltd. holds Bitcoin as a financial strategy, this new feature is unrelated to those holdings. The decision to accept cryptocurrency reflects increasing player demand for diverse payment options, supporting Nexon's ongoing commitment to innovation in gaming.