Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Giant Q1 Profit Up 36%

Giant Press Release, 5/15/08

Online game developer and operator Giant Interactive (NYSE: GA) has announced its unaudited financial results for Q1 2008, with net revenues reaching RMB 471.6 mln (USD 67.3 mln), up 48.7% year-on-year and 8.5% quarter-on-quarter.

Net income for the quarter came to RMB 338.7 mln (USD 48.3 mln), up 36.5% YoY and 1.5% QoQ.

During the quarter, active paying accounts (APA) for online games reached 1,447,000, up 46.7% from the first quarter 2007 and 3.0% from the fourth quarter 2007.

Average revenue per user (ARPU) for online games was RMB 325.1, an increase of 1.7% YoY and 5.3% QoQ. Average concurrent users (ACU) for online games was 546,000, an increase of 21.4% from Q1 2007 and an increase of 6.8% from the Q4 2007.

Peak concurrent users (PCU) for online games1 was 1,646,000, up 88.4% from the first quarter 2007 and up 67.4% from the fourth quarter 2007.

The company estimates Q2 2008 revenues will range between RMB 495 mln and RMB 505 mln.

Editor's Note: To view Giant's full earnings report, please click here.

Keywords: ACU APA ARPU GA Giant Interactive Internet PCU Q1 2008 online gaming fiscal report

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports