KongZhong Corporation (KONG)
Q2 2011 Earnings Call
September 6, 2011 8:00 PM ET
Jay Chang – CFO
Leilei Wang – Chairman and CEO
Adam Krejcik – ROTH Capital Partners
Good day, ladies and gentlemen, and welcome to the Second Quarter 2011 KongZhong Corporation Earnings Conference Call. My name is Jonathan, and I’m your operator for today. At this time, all participants are in a listen-only mode. We will be conducting a question-and-answer session after the prepared remarks. (Operator Instructions).
At this time I would like to hand the call of to one of your speakers for today Mr. Jay Chang, CFO. You may proceed sir.
Thank you, operator. This conference call may contain forward-looking statements. Although such statements are based on our own information and information from other sources, we believe to be reliable. You should not place undue reliance on them. For additional discussions of risks and uncertainties relating to forward-looking statements and other factors, please see the documents we file from time to time with Securities and Exchange Commission. We assume no obligation to update any forward-looking statements, which apply only as of the date of this conference call.
Thank you for your interest in KongZhong. I will first go over our 2Q results, before handing over the call to our CEO, Mr. Wang Leilei.
Total revenues for the second quarter of 2011 were $41.6 million, a 4% sequential increase, an 18% increase from the same period last year. As we continue to transition our business to become a cross-platform digital entertainment company, mobile games made up 26% of total revenues, Internet games contributed 25% and combined, mobile and Internet games made up over half of 2Q total revenues.