Changyou.com Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter of 2017; Reports Impairment Charges for the Third Quarter of 2017
The company provided earnings guidance for the fourth quarter of 2017. For the fourth quarter of 2017, the company expects total revenue to be between $145 million and $155 million, including online game revenue of $110 million to $120 million; non-GAAP net income attributable to the company to be between $35 million and $40 million, and non-GAAP income per fully-diluted ADS to be between $0.66 and $0.76. Taking into account the elimination of the impact of these share-based awards, GAAP net income attributable to the company to be between $33 million and $38 million, and GAAP income per fully-diluted ADS to be between $0.63 and $0.72.
For the third quarter of 2017, the company reported goodwill impairment and impairment of intangible assets acquired as part of acquisition of a business of $86,882,000 compared to nil a year ago.