May. 3, 2012 (China Knowledge) - Changyou.com Ltd<CYOU>, an online game developer wholly owned by Sohu.com Inc<SOHU
>, reaped US$65.3 million in net profit attributable to shareholders in the first quarter of this year, up 12% from a year earlier.
Fully diluted earnings per American Depositary Share were US$1.22, compared with US$1.10 in the first quarter of 2011.
On a non-GAAP basis, the Nasdaq-listed firm's net profit attributable to shareholders increased 10% year-on-year to US$66.5 million in the first quarter of this year. Non-GAAP fully diluted earnings per ADS stood at US$1.24, compared with US$1.13 in the first quarter of 2011.
Total revenues for the first quarter of 2012 soared 30% from a year earlier to US$136.8 million, of which US$127.4 million was derived from online game revenues, surging 34% from a year earlier.
Changyou.com had US$366.5 million in cash as of Mar. 31, 2012, more than US$330.4 million it had at the end of last year.
For the second quarter of 2012, Changyou.com aims to earn between US$139.5 million and US$143.5 million in total revenues.