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Perfect World Reports Q1 Revenue Of $43M
Gaming, Internet, MMORPG, Online Game, Perfect World
Posted by: Megan Ko on May 19, 2008 | 19:05
Editorial Summary
Beijing-based online game company Perfect World (Nasdaq: PWRD) reported first quarter revenue of $43.2 million, up 17.3 percent quarter-on-quarter and 247.8 percent year-on-year, before market on Monday. Net income for the company reached $22.6 million, an increase of 8.3 percent quarter-on-quarter and 295.8 percent year-on-year.
Active paying users under the item-based revenue model increased 8.7 percent from last quarter to reach 1,701,000 users, while average revenue per active user increased 7.0 percent sequentially to RMB151. Aggregate average concurrent users (ACU) for Perfect World games reached approximately 660,000 users, up 5.8 percent and 177.8 percent, respectively, from the last quarter and the first quarter of last year.
Perfect World estimates total revenues for the second quarter to come in between RMB 303 million and RMB 318 million.
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