Japanese social gaming company GREE (TYO:3632) has announced its Q1 FY11 financials for the three months ending September 30.
Net sales were ¥12.4 billion ($153 million), up 82 percent compared to Q1 FY10.
Operating profit was ¥6.2 billion ($77 million), up 58 percent year-on-year.
Net income was ¥3.7 billion ($46 million), up 74 percent.
Driving the biz
During this period, GREE increased its userbase on mobile and PC to 22.5 million. The GREE platform hosts around 100 games from 60 developers.
The company said it planned to "add new social games, expand its menu of contents with monthly frees, and increase and stabilise profits from paid services."
GREE ended the quarter with ¥16.97 billion ($210 million) in cash and cash equivalents, down ¥4.4 billion ($54 million) from its total on June 30.
[source: GREE (PDF)]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
Feature
May 20th, 2024
Hot Five: AppLovin revenue surges 48% Y/Y, Plarium and Big Fish up for sale, and a look inside Merge Mansion's growth
Feature
May 20th, 2024
55 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |
Morocco Gaming Expo | Africa | May 24th |
For The Win 2024 | Europe | May 29th |
Popular Stories
Feature
May 20th, 2024
55 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 14th, 2024