Net income 3 was ВҐ22.0 billion вЂ“ exceeding our outlook. Marketing expenses were lower than our plan while recording a ВҐ2.8 billion impairment loss primarily on NAT GAMESвЂ™ IP as we expect a delay in one of the game launches. Operating income was ВҐ3.0 billion вЂ“ within the range of our outlook. Results for the quarter were driven by strong performances from FIFA ONLINE 4 2 in Korea, and Sudden Attack, which grew by 124% year-over-year and hit record-high Q4 revenue in the quarter. In 2021, the company generated more than ВҐ100 billion operating cash flow, or approximately US$1 billion.ДЇollowing record-breaking revenue and operating profit in Q4 2020, group revenues were ВҐ54.3 billion, down 18% year-over-year on an as-reported basis and down 22% year-over-year on a constant currency basis 1 - within the range of our outlook NexonвЂ™s balance sheet remains a powerful strategic asset. By layering revenue from new games onto the steady performance of our current portfolio, we expect to exit the year with a step-function improvement in NexonвЂ™s earnings profile.вЂќ вЂњ2022 is the biggest year for new game launches in our company history and will include three new Virtual Worlds. вЂњIn 2021, our focus was on the development of new IP and fine-tuning our existing Virtual Worlds ahead of the next period of dynamic growth,вЂќ said Owen Mahoney, President and CEO of Nexon. (Nexon) (3659.TO), a global leader in Virtual Worlds, today announced the financial results for its fourth quarter and fiscal year ended on December 31, 2021.

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