Nexters announced on August 4 that it recorded approximately 5.8 billion won in revenue and an operating loss of about 5.3 billion won for the second quarter, according to its consolidated financial statements under Korean International Financial Reporting Standards (K-IFRS). The company reported a net profit of approximately 8.1 billion won, reflecting a gain of 15.7 billion won from the acquisition of One Store.
For the first half of the year, cumulative revenue reached 17.42 billion won, a 9.4% increase compared to the same period last year, while net profit turned positive at 5 billion won.
Platform revenue has increased, attributed to Nexters' direct participation as a validator in network operations following the OneChain 2.0 upgrade in the second quarter. The company anticipates continued growth alongside network operations.
In June, Nexters acquired an 89.03% stake in One Store for approximately 62.6 billion won and rebranded its ecosystem under the 'ONE' brand during the second quarter. The mainnet CROSS was renamed OneChain, the native token CROSS was changed to ONE, and the common transaction medium for the ecosystem was rebranded to ONEUSD.
Through the acquisition of One Store, Nexters is accelerating the development of an AI and blockchain game platform. This month, it launched the 'AI Games' tab, allowing AI-generated games to be offered within the One Store ecosystem. Additionally, Nexters plans to integrate the embedded wallet 'ONEpocket' into the One Store app by mid-August. By the end of August, the global One Store will be launched as OneBuild in 124 countries, marking a significant step in its global store and game platform business.
The addition of exclusive content is also being expedited. Starting this month, One Store has partnered with Tencent to introduce games such as 'Run or Die', 'Legend of the New World', and 'Oh! Yang is Here' on the mini-game platform OnePlay. These games have achieved top rankings in China. The company aims to enhance the competitiveness of game content through AI and blockchain games.
Nexters is also transitioning into a game community platform. The participatory promotion ONEquest is being integrated into One Store, expanding beyond Telegram, wallets, and the web. The streamer platform ONEwave will also combine with both domestic and global versions of One Store to accelerate growth. As of July, the number of streamers active in the ONE ecosystem has reached 33,419, a twelvefold increase from 2,762 in January.
Jang Hyun-guk, CEO of Nexters, stated, "The second quarter saw a significant increase in net profit due to the acquisition of One Store. Starting in the third quarter, we expect to see growth in revenue and improvements in operating profit."
* This article has been translated by AI.
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