Kingsoft Press Release, 8/28/08
Chinese application and entertainment software developer Kingsoft (3888.HK) has announced its financial results for Q2 2008, with net revenues reaching RMB 171.8 mln, up 23.12% year-on-year, but down 2% QoQ.
Net profit for Q2 came to RMB 50.8 mln, up 36% YoY, but down 11% QoQ.
Revenue from entertainment software came to RMB 107.8 mln, up 6.1% YoY, but down 10.3% QoQ. The quarterly decrease was primarily due to the halt of online entertainment during the 3 days of national mourning for victims of the May 12 earthquake in Sichuan, and cannibalization incurred by the launch of JX Online World.
Daily average peak concurrent users (PCU) increased by 34% quarter-over-quarter and increased by 72% year-over-year to 0.85 mln. The number of monthly average paying users decreased by 5% QoQ and 9% YoY to 1.04 mln. Monthly ARPU for MMORPGs decreased by 6% QoQ and increased by 21% YoY to RMB 34.
Revenue from applications software came to RMB 62.4 mln, up 70.8% YoY and 15.7% QoQ.
To see Kingsoft's full report, please click here.