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US Operations Lower Perfect World's Earnings

Posted Nov 26, 2014 by Suzie Ford

US Operations Lower Perfect World's Earnings

According to the latest financials released by Perfect World Entertainment, operations in the United States have had an adverse affect on the company's earnings. While PWE made a slight profit overall in a year-to-year comparison, the increase was due largely to revenue generated by Chinese earnings by DOTA 2 and a pair of mobile games that have scored well with the same audience.

"In view of US subsidiary's recent performance and near-term business outlook that are below our expectations, we recognized acquisition-related impairments in this quarter," said CEO Robert Xiao in a statement.

"However, we are still confident in the long-term prospects of our US subsidiary given its strong R&D and operational capabilities as well as promising pipeline."

Read more at GamesIndustry.biz.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom

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