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Shanda Games Limited, with the stock symbol "GAME", is a global online game developer and operator, headquartered in China. The company focuses on developing, operating, and publishing a portfolio of online games across various platforms, including PC, mobile, and web. Shanda Games operates in a competitive industry, facing rivals such as Tencent Holdings Ltd. and NetEase Inc.
In terms of financials, here is a brief overview of Shanda Games' performance concerning its revenue, net income, and earnings per share (EPS):
* Revenue: Shanda Games had a strong revenue growth rate between 2016 and 2018, mainly driven by its focus on mobile gaming, competitive pricing, and successful game releases. However, in 2019, the company faced challenges in the gaming market leading to a decline in revenue.
+ 2016: $1,163.9 million
+ 2017: $1,247.4 million
+ 2018: $1,336.5 million
+ 2019: $1,289.2 million
+ 2020 (9 months): $924.4 million (estimated 12-month revenue: $1,232.6 million)
* Net Income: Shanda Games' net income fluctuated due to the volatile nature of the gaming industry and other factors such as research and development (R&D) expenses, marketing costs, and changes in foreign currency exchange rates.
+ 2016: $255.6 million
+ 2017: $150.3 million
+ 2018: $185.3 million
+ 2019: ($12.8) million
+ 2020 (9 months): $22.5 million (estimated 12-month net income: $30 million)
* Earnings Per Share (EPS): Shanda Games' EPS has had considerable variation over the years.
+ 2016: $2.85
+ 2017: $1.68
+ 2018: $2.12
+ 2019: ($0.14)
+ 2020 (9 months): $0.03 (estimated 12-month EPS: $0.04)
It's important to note that Shanda Games changed its financial year-end date in 2018, from December 31st to March 31st. Hence, year-on-year comparisons might not be accurate and need to be adjusted accordingly.
Shanda Games' growth strategy focuses on establishing and maintaining strong partnerships with global gaming companies, expanding its user base through a variety of platforms, and investing in the development of new and innovative games. However, the company also faces challenges such as increased competition, evolving market demands, and regulatory shifts. Potential investors should consider these factors before making investment decisions.