Perfect World's Q3 Financial Statement Is Less Than Perfect

Jason Winter
By Jason Winter, News Editor November 26, 2014
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Neverwinter

Perfect World's profits are down in the most recent quarter. Time to beef up the cash shop?

We kid, we kid. But a recent report indicates that it's the North American branch of the company that's dragging things down. While the company's profits have grown 5% year-to-year in Q3, net income is down by nearly 50% in Q3 2014 as compared to Q3 2013.

The full financial report, of course, doesn't say much other than "We're doing fine, look at all the new stuff we've got!" At least until you get to this part, where CEO Robert Xiao says:

"In view of U.S. subsidiary’s recent performance and near-term business outlook that are below our expectations, we recognized acquisition-related impairments in this quarter. However, we are still confident in the long-term prospects of our U.S. subsidiary given its strong R&D and operational capabilities as well as promising pipeline."

This isn't to say everything is rosy outside of America. In China, concurrent users of Perfect World's games dropped from 778,000 in Q3 2013 to 661,000 in Q2 2014 and 623,000 in Q3 2014. Neverwinter will soon launch in China for PC, having already debuted on Xbox One, so there's some hope for those numbers.

And no, despite a disappointing quarter, Perfect World's not going anywhere, so put your doomsayer's hat away. If they have major problems, they'll just "restructure" so as to "remain competitive." Read that any way you like.

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About the Author

Jason Winter
Jason Winter, News Editor
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.

Discussion (18)

Booya 7 years ago
That's what happens when you charge so much for cash shop items and blatantly market yourself as a p2w company. Enjoy.

Viren21 7 years ago
They ruined my favorite game Rusty Hearts longest game i have played for 3 years

Buggy 7 years ago
I have played most pf Perfect world games that they have published the only thing I can say if they change the prices of said feature as the buying aspect of in game money for permanent things that should increase the aspect of things though with the same factors plaguing SOE I wonder what will happen.

Hope 7 years ago
Hope before they shutdown, they would sell the games under their contract. They have some pretty nice games. Would be nice if they had a competent company. Or maybe even a competent anything. It hard to ruin a game that people like. At least hard to ruin for a while, but PWE ruins is in a few months.
P.S Sell your games please. We would like to actually play the games.

anere 7 years ago
RUSRTY HEARTS. ok you might like it or not, but it was ooooooooomg gane. for me at least and they just killed it. so... :(

LordHikaru 7 years ago
>_> Ya'll are terrible.

Merkadis 7 years ago
A good start, i'm looking forward to further profit downgrade once fool players realize how much of a fool they are for supporting this piece of crap of a company.

R41D3R 7 years ago
I think they deserve that. They ruined one of my favorite games: Blacklight retribution.

Kaeh 7 years ago
This made me happy hope the company dies! unless they go F2P

RavorsMalody 7 years ago
I dont know whythey are still holding on to some pretty bad games. Why is RaiderZ still on their portal ? BOI & WOI ? Apart from Neverwinter/PW/FW.. i wouldnt play anythign else on their portal

Revar 7 years ago
I hope they shutdown and vanish .

View 1 reply
Zhao Yun 7 years ago
i know i'll sound like a hater here but i really wish someday pwe doesnt exist anymore for me all they are is a greedy company that just makes games and squizes the cash out of the game and the ncloses it like they did with hotk and some other games not to mention some of their games have issues that they dont care fixing like raiderz for example

NobleNerd 7 years ago
Last PWE game played was Neverwinter and I played that for a few months only because I love D&D, but sadly this game is no D&D game and had too many issues. Doesn't surprise me about their financial situation.

Bic Boi 7 years ago
"PERFECT WORLD’S Q3 FINANCIAL STATEMENT IS LESS THAN PERFECT"

Wow that comes as a big shock!
>SAID NO ONE, EVER.

PandaStick 7 years ago
Please Perfect World, go die with ur buddy Snail game plz

Anon 7 years ago
I'd love for them to crash and burn. Easily one of the absolute worst F2P companies out there. Complete garbage.

Todoran 7 years ago
Perfect World needs to make his games Free 2 Play yeah........


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