Nexters, which acquired One Store, continued to report operating losses in its third-quarter results. The company saw its revenue more than triple compared to the same period last year, reflecting the full impact of One Store's performance since its acquisition in June.
On November 3, Nexters announced that its consolidated revenue for the third quarter reached 32.863 billion won, with an operating loss of 4.757 billion won.
The operating loss decreased by 395 million won from the previous quarter's loss of 5.152 billion won, but it marked a shift from an operating profit of 311 million won during the same period last year. Revenue increased by 257.4% year-on-year and by 467.3% compared to the previous quarter. The net loss for the period was approximately 12.9 billion won, reversing from a profit in the previous quarter.
This performance fully reflects the results of One Store, which Nexters acquired in June. While the acquisition significantly expanded revenue, the company continued to face consolidated operating losses.
Nexters is expanding its platform business by integrating artificial intelligence (AI) and blockchain technology into its game distribution and payment services centered around One Store. In August, it launched 'One Store Global' in 122 countries. Additionally, it has opened an AI game section to all developers, supporting game registration and monetization through in-app purchases and advertising.
The company is also strengthening its overseas operations. Recently, it signed a memorandum of understanding with the Dubai Media Authority to support local game developers in entering international markets using One Store's global distribution network.
Jang Hyun-guk, CEO of Nexters, stated, "Growth is the most important aspect of innovation," adding that the company aims to continue its growth through mergers and acquisitions while enhancing organizational capabilities through AI transformation (AX).
Meanwhile, Nexters plans to address a proposal to change its corporate name to ONE Corp. at an extraordinary shareholders' meeting on the 16th.
* This article has been translated by AI.
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