This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CMGE Reports Fourth Quarter And Full Year 2012 Unaudited Financial Results

Stocks in this article: CMGE

"By the end of 2012, our MMORPG social game portfolio included 'Hero Alliance,' which we successfully launched in July 2012, 'Purple Wings,' 'Dian Feng,' 'Xiao'ao Jianghu,' 'Xun Qin' and 'Creation Song.' We have also developed new social card games, some of which have already been launched and have garnered positive feedback. We are constantly improving our diverse portfolio of games with creative and compelling new content. Our self-developed game portfolio now spans multiple genres, including action-packed MMORPGs, 3D social games and light social games such as social card games. During November 2012, our self-developed light social game 'Home Aquarium' was ranked in the top six on Apple's China Region iTunes paid games list and second on Apple's China Region iPad paid game list. As of the end of 2012, our own game portfolio has expanded to include 490 single-player games and seven social games.

"Since November 2012, we have expanded our game research and development capabilities by acquiring six teams of game developers, including 40 developers. We provide these teams with a certain degree of autonomy so that they can develop unique games, which will help to diversify our game selection.

"We also continue to expand the publishing channels for our Android-based games. In the fourth quarter of 2012, we released a Game Center, a proprietary application store, for Android-based smartphones, which currently makes available almost 1,000 games to our users, including games from third-party developers. We plan to cooperate with other open platforms and to explore further pre-installation opportunities with the handset and mobile chipset manufacturers.

"We anticipate that as our platform continues to grow, user traffic will facilitate the promotion of our own proprietary games and reduce future promotional costs. Our distribution network currently reaches over 150 million users, with 30 million active users per month. Supported by this large user base, we believe that 2013 holds great potential as we leverage our investments during this transitional period to deliver value to our shareholders over the long term. We would like to thank all of our employees for keeping their focus and dedication throughout 2012, despite the many challenges we faced. We are confident that with everyone's continued dedication, motivation and innovation, 2013 will be a very bright and successful year at CMGE."

2 of 12

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs