Kingsoft sees FY13 revenues up 54% to $356 million

Building a mobile gaming platform

Kingsoft sees FY13 revenues up 54% to $356 million

Chinese internet, app and gaming outfit Kingsoft (HKG: 3888) has announced its unaudited financials for FY13, the 12 months ending 31 December 2013.

Revenues were up 54 percent to $356 million (RMB 2.2 billion).

Online and mobile game revenues were up 29 percent to $1.8 billion (RMB 1.1 billion).

Profit was $1.1 billion (RMB 670 million), up 55 percent.

Going mobile

"2013 was a critical year of transformation for Kingsoft, and the first year that we started to transform our core businesses into mobile businesses," said chairman Jun Lei.

"We saw a strong growth in our mobile monthly active users, posted over 210 million in December 2013."

In terms of mobile presence, Kingsoft operates the popular app WPS Office and is the #1 tools publisher on Google Play.

It has 166 million monthly active users, traffic it then uses in terms of advertising and its gaming platform, which currently hosts over 400 games.

We expect that KIS mobile platform will continue to attract user activities, game developers, and business partners, so the revenue from KIS mobile monetization will become our growth catalyst in the coming years," commented CEO HongJiang Zhang.

[source: Kingsoft]

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A Pocket Gamer co-founder, Jon is Contributing Editor at 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.