China's Booming Online Gaming Industry Fails to Spark Shares of Giant Interactive and Changyou
November 03 2011 - 8:16AM
Marketwired
With 457 million online at the end of 2010, China already claims
the largest number of Internet users in the world and studies show
that the number of users continues to grow at a rapid pace. With
roughly two-thirds of these users engaging in online gaming, major
online gaming companies have posted surging revenues in recent
quarters. The Bedford Report examines the outlook for companies in
China's Technology sector and provides stock research on Giant
Interactive Group, Inc. (NYSE: GA) and Changyou.com Limited
(NASDAQ: CYOU). Access to the full company reports can be found at:
www.bedfordreport.com/GA
www.bedfordreport.com/CYOU
A Pearl study from earlier this year said that Asia's 350,000
internet cafes play a critical role in giving online gamers access
to their favorite games. The government is pushing expansion of
internet cafes in China by requiring internet cafe chains to
operate at least 30 locations across three or more provinces.
Giant Interactive is a leading online game developer and
operator in China in terms of market share, and focuses on
massively multiplayer online role playing games. Currently, Giant
operates multiple games, including ZT Online, ZT Online Green
Edition, ZT Online 2, Giant Online, XT Online, and The Golden Land.
Earlier this week the company said that third quarter net revenue
was RMB457.9 million (US$71.8 million), an increase of 5.0% from
the second quarter 2011 and an increase of 35.2% from the third
quarter 2010.
The Bedford Report releases investment research on the Chinese
Technology Sector so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
minutes to register with us free at www.bedfordreport.com and get
exclusive access to our numerous analyst reports and industry
newsletters.
Changyou.com Limited is a leading developer and operator of
online games in China. It began operations as a business unit
within Sohu.com Inc. in 2003 primarily focused on the development
and operation of massively multi-player online role-playing games.
Changyou and its subsidiaries currently operate over 10 online
games, including in-house developed MMORPGs such as Tian Long Ba
Bu, one of the most popular online games in China, and Duke of
Mount Deer, as well as Web-based games such as DDTank.
Changyou launched its much anticipated "Duke of Mount Deer" game
near the end of Q2. Chang-you developed the game in order to
attract a bigger audience of both casual and advanced game players.
Changyou met profit views with EPS of 99 cents a share, up 16%.
Revenue rose 39% to $119 million vs. views for $118 million.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above-mentioned publicly traded companies. The Bedford Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.bedfordreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
Changyou com (NASDAQ:CYOU)
Historical Stock Chart
From May 2024 to Jun 2024
Changyou com (NASDAQ:CYOU)
Historical Stock Chart
From Jun 2023 to Jun 2024