Chinese online and mobile games publisher Shanda Games (NASDAQ: GAME) has announced its unaudited consolidated financial results for FY13, the 12 months ending 31 December 2013.

Net revenues declined 7.9 percent year-on-year to $712.6 million.

Net income was down 10 percent to $260.4 million.

Shanda said that sales from its online games were down 17 percent, and other revenues were down 62 percent, while mobile games revenues rose dramatically to $79.1 million.

Trending down

Looking at the fourth quarter, revenues were down 8.5 percent to $168.8 million.

Net income was down 16 percent to $59.4 million.

Again, MMOG and other revenues streams were down, while Q4 mobile sales grew over 1,300 percent year-on-year to $19.8 million.

Quarter-on-quarter they were down 21 percent however, as sales from Million Arthur, which Shanda has licensed from Square Enix outside Japan, declined as its audience matures.

Overall, Shanda's mobile games had 559,000 daily active players, with an ARPDAU of RMB 2.4 ($0.39).

Both barrels

"Our mobile game revenues for 2013 grew significantly year-over-year as we worked to expand our mobile game portfolio across multiple regions," commented CEO Xiangdong Zhang.

"We continue to expand our mobile game pipeline in China and overseas as we look forward to the launch of our two most anticipated MMOs Final Fantasy XIV and Dungeon Striker, later this year.

"I am confident that our strategy has aligned our competitive advantages and years of experience with the long-term fundamentals of the online game industry."

What's next?

Shanda's next big mobile release will be Square Enix's Guardian Cross, which it has licensed for publishing.

It's also deliberating on a non-binding proposal to take the company private. Valuing Shanda Games at $1.9 million, there is no set timetable for a decision on the offer.

The company ended the year with cash and equivalents worth $200 million, down 69 percent thanks to the purchase of two subsidiaries during 2013.

[source: Shanda Games]