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Perfect World Q4 2009 Net Profit Up 117% YoY

PRNewswire, 3/01/10

Chinese online game developer and operator Perfect World (Nasdaq: PWRD) has announced its unaudited financial results for the fourth quarter and fiscal year 2009, with total revenues reaching RMB 607.9 mln (USD 89.1 mln), up 45.5% year-on-year and 3% quarter-on-quarter.

Net income for the quarter came to RMB 270.8 mln (USD 39.7 mln), up 116.9% YoY and down 6% QoQ.

Revenues for the quarter from online game operation were RMB 541.8 mln (USD 79.4 mln), up 49.4% YoY and 11.5% QoQ. Overseas licensing revenues were RMB 61.7 mln (USD 9 mln), up 11.8% YoY and 4.9% QoQ. Film, television and other revenues were RMB 4.5 mln (USD 0.7 mln), up from nil in Q4 2008 and down 76.9% QoQ.

The aggregate average concurrent users (ACU) for games under operation in mainland China was approximately 1,157,000, up 67.7% YoY and up 62.3% QoQ. Active paying customers (APC) for games operated in mainland China under the item-based revenue model was approximately 2,188,000, up 41.5% YoY and up 33.2% QoQ. Average revenue per active paying customer (ARPU) for games operated in mainland China under the item-based revenue model was RMB 223, down 0.9% YoY and down 16.2% QoQ.

Total revenues for the fiscal year reached RMB 2.14 bln (USD 314.2 mln), up 49.2% year-on-year.

Net income for the fiscal year came to RMB 1.04 bln (USD 152 mln), up 60.4% YoY.

Revenues for the fiscal year from online game operation were RMB 1.88 bln (USD 275.4 mln), up 50.3% YoY. Overseas licensing revenues were RMB 214.6 mln (USD 31.4 mln), up 15.3% YoY. Film, television and other revenues were RMB 49.8 mln (USD 7.3 mln) in fiscal year 2009, as compared to nil in fiscal year 2008.

The company estimates Q1 2010 revenues will reach between RMB 620 mln and RMB 644 mln, representing an increase between 2% and 6% over Q4 2009 and a 46% to 51% increase YoY.

To see Perfect World's full earnings report, please click here.

Keywords: guidance Perfect World ARPU Internet profit revenue Q4 2009 ACU APC PWRD online gaming fiscal report

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