Perfect World Posts Strong Growth Despite Lowered Promotional Activity
- The company generated $143 million in revenue from online games in Q1 2014.
- Although revenues were down by about 2.5% sequentially, we believe the performance was still impressive given that annual growth was 44%.
- The company generated $7.3 million in licensing revenues in Q1, nearly even with the prior quarter.
- Licensing revenues will remain close to this level in coming quarters, as the company expands into international markets, which will cannibalize licensing activity.