Categories
China’s Shanda Reports Record $212.9M Quarter
Chinese online game company Shanda Games Limited has reported its highest quarterly revenue in company history, on the backs of its free-to-play MMOs. Revenues increased 23.4 percent year-over-year to $219.9 million, the company’s fourth consecutive quarter of growth, in line with its expectations and guidance. Profits were reported at $63.5 million, up 20.9 percent year-over-year and 9 percent quarter-over quarter. All is not good news, however, as Shanda’s average MAUs dropped from 24 million last …
