Giant Q2 2009 Profits Down 34% YoY
Giant PR, 8/19/09
Chinese online game developer and operator Giant Interactive (NYSE: GA) has announced its unaudited financial results for Q2 2009, with net revenues reaching RMB 364.1 mln, down 27.9% year-on-year and 2.5% quarter-on-quarter.
Net income for the quarter came to RMB 231.9 mln, down 33.9% YoY and no change QoQ.
The company reported the following performance metrics:
- Active Paying Accounts ("APA") for online games in Q2 2009 reached 1.2 mln, down 31.6% YoY and 2.6% QoQ.
- Average Revenue Per User ("ARPU") for online games was RMB 300, up 4.9% YoY and 0.1% QoQ.
- Average Concurrent Users ("ACU") for online games was 435,000, down 26.9% YoY and 14.7% QoQ.
- Peak Concurrent Users ("PCU") for online games was 1.44 mln, down 38.4% YoY and 8.3% QoQ.
Giant chairman and CEO Shi Yuzhu said that the company's R&D team has been continuously focusing on and testing new internally developed games, such as King of Kings III, ZT Online II, My Sweetie and XT Online. Within one year, Giant hopes to introduce eight new games into the marketplace.
Giant has set Q3 2009 guidance for total net revenue in the range of RMB 310 mln to RMB 345 mln.
To see Giant Interactive's full earnings report, please click here.
Keywords: Giant Interactive ARPU Internet revenue Q2 2009 GA ACU APA PCU online gaming Shi Yuzhu profit fiscal report
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