Changyou.com Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of USD 137,205,000 against USD 119,870,000 a year ago. Operating profit was USD 37,343,000 against USD 31,518,000 a year ago. Income before income tax expense was USD 47,620,000 against USD 38,386,000 a year ago. Net loss was USD 13,439,000 against net income of USD 29,961,000 a year ago. Net loss attributable to the company was USD 13,158,000 against net income attributable to the company of USD 29,858,000 a year ago. Diluted net loss attributable to the company per ADS was USD 0.25 against USD 0.56 a year ago. Non-GAAP operating profit was USD 34,918,000 against USD 37,051,000 a year ago. Non-GAAP net loss was USD 15,864,000 against non-GAAP net income of USD 35,494,000 a year ago. Non-GAAP net loss attributable to the company was USD 15,583,000 or USD 0.30 per diluted share against non-GAAP net income attributable to the company of USD 35,388,000 or USD 0.66 per diluted share a year ago. Operating cash flow for the first quarter of 2018 was a net inflow of USD 41 million.

For the second quarter of 2018, the company expects total revenue to be between USD 110 million and USD 120 million, including online game revenue of USD 85 million to USD 95 million. Non-GAAP net income attributable to Chanyou.com Limited to be between USD 20 million and USD 25 million, and non-GAAP income per fully-diluted ADS to be between USD 0.38 and USD 0.47. GAAP net income attributable to Changyou.com to be between USD 22 million and USD 27 million, and GAAP income per fully-diluted ADS to be between USD 0.42 and USD 0.51.