Changyou Reports Third Quarter 2019 Unaudited Financial Results
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Changyou.com (CYOU) Tops Q3 EPS by 17c, Revenues Beat; Offers Q4 Revenue Guidance Above Consensus
November 4, 2019 6:16 AM ESTChangyou.com (NASDAQ: CYOU) reported Q3 EPS of $0.64, $0.17 better than the analyst estimate of $0.47. Revenue for the quarter came in at $111 million versus the consensus estimate of $91.05 million.
Third Quarter 2019 Highlights[1]
Total revenue was US$111 million, an increase of 9% year-over-year and 4% quarter-over-quarter, exceeding the Company's guidance.Online game revenue was US$108 million, an increase of 13% year-over-year and 6% quarter-over-quarter, exceeding the Company's guidance.GAAP net income attributable to Changyou.com Limited was US$34 million, compared with net income of US$68 million[2] in the third quarter of 2018 and net income of... More