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NetDragon Q1 Revenue Up 63%

NetDragon Press Release, 5/15/08

Chinese online game developer and operator NetDragon (8288.HK) has announced its unaudited financial results for Q1 2008, with net revenues reaching RMB 175.56 mln, up 63.7% year-on-year.

Net income for the quarter came to RMB 69.93 mln, up 19.6% YoY.

Revenue for the quarter from its MMORPG Eudemons Online amounted to RMB 105.4 mln, up 37.4% YoY, accounting for 60% of NetDragon's total revenue. During the period, peak concurrent users (PCU) and average concurrent users (ACU) were approximately 479,000 and 210,000, respectively.

Revenue from its MMORPG Conquer Online came to RMB 39.4 mln, accounting for approximately 22.4% of NetDragon's total revenue. PCU and ACU were 99,000 and 64,000, respectively.

Revenue from its MMORPG Zero Online was RMB 19.3 mln, 11.0% of the company's total revenue, with PCU and ACU figures of 67,000 and 30,000, respectively.

Revenue from its MMORPG Tou Ming Zhuang Online (The Warlords) contributed approximately 6.4% of NetDragon's revenue for the quarter, with PCU and ACU of 24,000 and 9,000, respectively.

In Q2 2008 the company expects to launch a further 2 MMORPGs, Heroes of Might and Magic Online and Way of the Five, and plans to launch an additional MMORPG, Tian Yuan, in Q3.

Editor's Note: To view NetDragon's full earning report, please click here.

Keywords: fiscal report Way of the Five Tian Yuan guidance 8288.HK ACU Conquer Eudemons Heroes of Might and Magic Internet MMORPG NetDragon PCU Q1 2008 Tou Ming Zhuang Zero online gaming

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