China Online Gaming Market Revs Rose 19% in Q412 (CYOU) (SOHU) (NTES)
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ChangYou.com (Nasdaq: CYOU) and Sohu.com (Nasdaq: SOHU) are mixed early following fourth-quarter results from the China Internet gaming giants. While ChangYou topped expectations and issued a solid outlook for FY13, Sohu's expectations for FY13 came in slightly below the consensus.
But, will the numbers impact peers in the segment? Maybe not, according to new data out Monday.
Analysys International said that online gaming revs in China rose 19 percent in fourth-quarter 2012 to CNY12.248 billion (about $1.96 billion). The number was up about five percent sequentially.
Leading online game makers in China include NetEase (Nasdaq: NTES) at 17.4 percent of the market, Shanda Games (Nasdaq GAME) at 9.4 percent, ChangYou at 8.3 percent, Perfect World (Nasdaq: PWRD) at 5.7 percent, and Giant Interactive (NYSE: GA) at 4.4 percent.
Stocks are mixed in early trading.
But, will the numbers impact peers in the segment? Maybe not, according to new data out Monday.
Analysys International said that online gaming revs in China rose 19 percent in fourth-quarter 2012 to CNY12.248 billion (about $1.96 billion). The number was up about five percent sequentially.
Leading online game makers in China include NetEase (Nasdaq: NTES) at 17.4 percent of the market, Shanda Games (Nasdaq GAME) at 9.4 percent, ChangYou at 8.3 percent, Perfect World (Nasdaq: PWRD) at 5.7 percent, and Giant Interactive (NYSE: GA) at 4.4 percent.
Stocks are mixed in early trading.
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