Related News
Paid users boost Giant's profit
By Zhu Shenshen |
November 18, 2010, Thursday
|
Print Edition
Print Edition
GIANT Interactive Inc's net profit grew an annual 5.6 percent in the third quarter as more users paid to play games like ZT Online, the Nasdaq-listed firm said yesterday.
But its revenue was less than expected because of a drop in individual user's average spending.
In the third quarter, Giant posted a net profit of 208.7 million yuan (US$31.2 million).
It has generated a 16.7 percent annual jump in revenue to US$50.6 million in the same period - lower than analysts' expectations of US$51 million.
Giant's average revenue per user (ARPU), a key measure of profitability, fell 13.4 percent from a year ago to 225 yuan between July and September.
But the game firm saw a surge of 35.1 percent annually in its active paid user base to 1.49 million in the period.
Investment bank Morgan Stanley forecast Giant's revenue to grow rapidly in 2011 through new game titles.
"Thanks to new games, we expect its sales to accelerate 20 percent in 2011 compared with only 1 percent this year," it said in a note yesterday.
But its revenue was less than expected because of a drop in individual user's average spending.
In the third quarter, Giant posted a net profit of 208.7 million yuan (US$31.2 million).
It has generated a 16.7 percent annual jump in revenue to US$50.6 million in the same period - lower than analysts' expectations of US$51 million.
Giant's average revenue per user (ARPU), a key measure of profitability, fell 13.4 percent from a year ago to 225 yuan between July and September.
But the game firm saw a surge of 35.1 percent annually in its active paid user base to 1.49 million in the period.
Investment bank Morgan Stanley forecast Giant's revenue to grow rapidly in 2011 through new game titles.
"Thanks to new games, we expect its sales to accelerate 20 percent in 2011 compared with only 1 percent this year," it said in a note yesterday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
