Nexon Games Q1 2026 Operating Loss of 21.1 Billion Won, Turns to Deficit as New Game Investment Continues

Consolidated revenue 41.5B won (down 19% YoY from 51.3B), operating loss 21.1B won (vs loss 4.9B in prior year), net loss 21.8B won (vs loss 0.3B)
R&D expenses 22.8B won, 54.9% of revenue (similar to prior year 56.2%), focused on new game development
EPS -347 won, no dividend, no share buyback or cancellation
Cash and cash equivalents 83B won, short-term financial instruments 71B won; ample liquidity (debt ratio 63%)
Revenue decline from major titles like The First Descendant, V4, Blue Archive; new titles such as Dungeon&Fighter: Arad under development
No material contingent liabilities or litigation; financial structure stable but profitability deteriorated