Shanda Games: Net Revenues USD 220.7 Mn in 2012Q1, up 10.9% YoY

 Source: Company Disclosure, ChinaScope Financial (Data)

+       On June 11, Shanda Games Limited (NASDAQ: GAME), a leading online game developer, operator and publisher in China, announced its unaudited first-quarter financial results showing net revenues of CNY 1,389.4 million or USD 220.7 million, up 10.9% YoY or 2.5% QoQ. Operating income was CNY 492.9 million or USD 78.3 million, up 18.6% YoY or 11.3% QoQ. Operating margin was 35.5%, up from 33.2% in Q1 2011 and 32.7% in Q4 2011.

+       Average Monthly Active Users (average MAUs) for games operated in China were 19.1 million, compared with 20.4 million in Q4 2011. Average Monthly Paying Users (average MPUs) for games operated in China were 4.3 million, compared with 4.5 million in Q4 2011. Monthly Average Revenue per Paying User (ARPU) for games operated in China was CNY 99.9, compared with CNY 92.8 in Q4 2011.

China’s online gaming industry is mature and highly concentrated on 8 listed companies, which account for nearly 95% of the market. SNDA Game is among the industry’s top 3 and has a healthy and stable financial performance.

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