Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Changyou.com updates Q2 guidance

Published 06/05/2017, 01:38 PM
Updated 06/05/2017, 01:38 PM
© Reuters.  Changyou.com updates Q2 guidance

© Reuters. Changyou.com updates Q2 guidance

  • Changyou.com (CYOU +1.6%) updates Q2 guidance due to the launch of Changyou's Legacy TLBB mobile game and the game's preliminary performance in the market.
  • The company now expects total revenue to be in the range of $140M and $150M, compared with the previous guidance of $110Mn to $120M.
  • Online game revenue to be between $110M to $120M, compared with the previous guidance of $75M to $85M.
  • Non-GAAP net income to be between $60M to $65M compared with the previous guidance of $25M to $30M.
  • Diluted EPADS between $1.12 to $1.21 compared with the previous guidance of $0.46 to $0.56.
  • Mr. Dewen Chen, CEO, commented, "We are pleased with the performance so far of our Legacy TLBB mobile game. The game has been widely embraced by both new players and returning PC game players, and has consistently ranked among the top three grossing games in the Apple (NASDAQ:AAPL) App Store since its launch. Our Legacy TLBB mobile game incorporated many classic features from our flagship PC version, including various social and community functions, which re-created the PC game experience on mobile and encouraged a return of former PC game players. In addition, we simplified some of the game play, which makes it easier for brand new players to operate within the game, and extends the user base to a younger generation.
  • Press Release
  • Now read: Should We Give Glu Mobile A Second Chance?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.