- Changyou reported mixed 2Q14 results on July 28. Revenues missed consensus due to weakness in TLBB, while earnings beat on scaling back expenses.
- Changyou guided negative net income for 3Q14. The company's recent investment in mobile browser developer MoboTap confirms that it is still in a spending mode in search of future growth.
- I believe investors should wait on the sidelines for Changyou's stock.