NetDragon Q3 2012 Profit Up 92% YoY
NetDragon, 11/23/12
Fuzhou-based online game developer and operator NetDragon Websoft (0777.HK) has announced its financial results for the three months ended September 30, 2012. Q3 2012 revenues were RMB 290.1 mln, an increase of 43.8% YoY from the corresponding period of 2011.
Profit attributable to the owners of the company was RMB 95.4 mln, up 91.7% YoY.
Revenue from online games was RMB 204.0 mln, an increase of 1.5% QoQ and an increase of 11.2% YoY. Revenue from Mobile Internet Services was RMB 86.1 mln, an increase of 46.2% QoQ and an increase of 370.9% YoY.
Peak concurrent users (PCU) for online games were 525,000, a decrease of 9.8% QoQ and a decrease of 7.7% YoY. Average concurrent users (ACU) for online games were 281,000, a decrease of 8.5% QoQ and a decrease of 6.3% YoY. Total users of 91 Assistant were 127 mln, an increase of 27.2% QoQ and an increase of 253.4% YoY. Total users of HiMarket exceeded 48 mln, an increase of 57.5% QoQ and an increase of 599.7% YoY.
During the quarter, "91 Assistant," NetDragon's applications distribution platform for all mainstream operating systems, reached 127 mln total users. Total users for "HiMarket," NetDragon's Android applications distribution platform, exceeded 48 mln. Total apps and content exceeded 700,000 and aggregate downloads surpassed 9.5 bln, which ranks NetDragon as China's largest mobile applications distribution platform. 91 Open Mobile Platform launched more than 300 mobile games, with total registered users exceeding 9 mln. 91 DeNA, the joint venture between 91 Mobile and Japan's largest mobile social gaming platform operator DeNA Co., Ltd., launched its first self-developed mobile game "Legend of Cavalry" and localized mobile gaming titles including "Fantasica", "Emblem of the Gods" and "Rites of Delta" during the quarter.
In the online gaming sector, NetDragon launched a new expansion pack (EP) for 3D MMORPG Eudemons during the quarter. New EPs for 3D fantasy MMORPG Disney Fantasy Online were launched in August and September 2012, respectively.
New expansion packs for 2.5G MMORPG "Heroes of Might and Magic Online" and 3D MMORPG "Tou Ming Zhuang Online" are scheduled for the fourth quarter of 2012. NetDragon's 2.5D MMORPG "Crazy Tribes" underwent its closed beta testing in September 2012 and is scheduled for its first open beta testing in November 2012.
To view the complete report please see here.
Keywords: 91 Assistant 91 DeNA Legend of Cavalry Fantasica Emblem of the Gods Rites of Delta 91.com Eudemons Heroes of Might and Magic mobile gaming NetDragon online gaming Tou Ming Zhuang Disney Fantasy Online Internet profit revenue DeNA ACU PCU registered users 0777.HK mobile Internet Q3 2012 fiscal report mobile application Internet traffic
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