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.
