Perfect World Co.’s announced its fourth-quarter earnings, which took a 54 percent dip due to increased expenses and fewer active customers. The Chinese online game developer, publisher, and operator has experienced three straight quarters of losses compared to the respective quarters in 2009. The company has absorbed the costs of expanding to other countries, like Japan and Singapore, while also acquiring other companies and adding new games to its portfolio.
Domestically, in China, Perfect World’s business has seen the average number of its online game users fall into a 14 percent decline, while the number of customers have dropped 40 percent. Conversely, though, the company has better monetized its average revenue per customer to the tine of 23 percent. Licensing has fallen off 6.2 percent, while revenue from film, TV, and other sources has more than doubled in the fourth-quarter timeframe.
[Source: Wall Street Journal]
