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Perfect World Entertainment continues to rake in money
Perfect World Entertainment continues its hot streak of revenue generation, posting gains both quarter-over-quarter and year-over-year. The company released its Q2 2014 financials this past week, and reported revenues of $149.6 million, of which $138.8 million come from PWE's online games. Gross profit was $109.4 million during the same quarter. PWE CEO Robert Xiao attributed the company's financial success to Swordsman's release, Dota2's launch in China, and several new mobile titles. Xiao said that the company was looking forward to releasing Legend of the Condor Heroes, as well as pushing Neverwinter into the Chinese market.
Perfect World Entertainment posts strong Q1 2014 earnings
Perfect World Entertainment posted its earnings report for Q1 2014, showing strong financials that include an increase from the same period in 2013. In Q1 2014, the publisher made $143.3M in revenue, $105.5M in gross profit, and had an operating profit of $28.5M. Perfect World CEO Robert Xiao said he was pleased with the results, commenting that, "Our total revenues came in line with the high end of our expectations, which was slightly softer than the strong fourth quarter of 2013. In the first quarter of 2014, we decelerated promotional activities for our client-based MMORPGs and remained focused on content development of our portfolio and pipeline." Xiao focused on the expansion of the company's mobile lineup as a cause for hope for the future as well as the Chinese Dota 2 beta test and Neverwinter launch later this year.
