ARC Raiders has become a major part of Nexon’s business, generating ¥18.3 billion in revenue during the second quarter of 2026 and accounting for approximately 15% of the company’s total quarterly revenue.
Nexon reported ¥121.1 billion in revenue for Q2, representing a 2% year-over-year increase on a reported basis. Operating income, however, fell 17% to ¥31.3 billion, with the company pointing to increased user acquisition, creator, cloud and software costs connected to its expanding global live service operations.
The ARC Raiders revenue figure comes as the shooter continues to grow following its launch. The game has now surpassed 16.3 million units sold and generated more than ¥88 billion in cumulative revenue, with another 800,000 units sold during the second quarter.
Nexon increasingly sees ARC Raiders as an example of how it can establish successful franchises in Western markets. The company is preparing Frozen Trail, described as the game’s largest content update so far, for October.
The shooter is also being tested in China, where a recent closed alpha conducted by Tencent exceeded its registration targets. Nexon is looking to build on the game’s performance as it expands its portfolio beyond its established franchises.
MapleStory remains another major source of growth for Nexon. Franchise revenue reached a record quarterly level after increasing 63% year over year, with MapleStory Worlds growing 123%. Nexon expects the broader MapleStory franchise to increase by around 40% in Q3.
Dungeon and Fighter, meanwhile, recorded a 44% year-over-year revenue decline in Q2, with another decline expected during the third quarter.
Nexon is therefore placing greater importance on its upcoming releases, including Arad: Idle RPG, DAVE THE DIVER Mobile, Azur Promilia and TEMPPAL: OVERGEARED in 2026. Further projects planned for 2027 and beyond include Dungeon and Fighter Classic, Dungeon and Fighter: ARAD, Project OVERKILL and NAKWON: LAST PARADISE.
The company ended Q2 with ¥842 billion in cash and plans to distribute approximately ¥324 billion, or around $2 billion, to shareholders through a special dividend. Nexon said its cash reserves are more than sufficient to support its planned investments and growth.
The results leave Nexon increasingly dependent on MapleStory and ARC Raiders for growth as revenue from some of its older franchises declines. ARC Raiders is particularly significant because its performance provides Nexon with a Western-focused model it hopes to reproduce through future releases.
