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Leading Chinese game developers Century Huatong Group, Perfect World Games, and Yoozoo Games reported significant gains in their third-quarter earnings despite ongoing challenges faced by the global gaming industry.
Century Huatong, the largest Chinese game developer by market value, experienced a remarkable 164% increase in net profit, reaching CNY1.7 billion (approximately USD240 million) for the three months ending September 30, compared to the same period last year. Its revenue also grew substantially, climbing 60% to surpass CNY10 billion (about USD1.4 billion), marking a new high, as indicated in its financial statement.
Perfect World saw its net profit jump 177%, reaching CNY160 million (roughly USD22.5 million), with revenue rising 32% to CNY1.7 billion. Yoozoo’s profit soared nearly 45 times to CNY26.2 million (around USD3.7 million), while its income increased by 12% to CNY330 million.
Despite these successes, the overall gaming sector faces setbacks, with sales in China falling by 4% to CNY88 billion (roughly USD12.4 billion), according to Gamma Data. Revenue from Chinese-developed games in international markets declined 3%, totaling USD5 billion, largely due to less enthusiasm for certain titles compared to the previous year.
The strong performance of Century Huatong was mainly driven by the overseas success of two titles. “Whiteout Survival” maintained its position as the top domestic mobile game internationally for 15 consecutive months through September, generating over USD3.5 billion globally. Additionally, “Kingshot,” launched in February, secured the second spot on the worldwide chart last month, with sales exceeding USD400 million since its debut, according to Sensor Tower.
The improved earnings for Perfect World and Yoozoo were largely attributable to a low baseline from the previous year and the success of new game releases. Last year, Perfect World experienced a loss of CNY1.3 billion following a 58% revenue decline from the year before, due to ongoing business restructuring. Yoozoo, a comparatively smaller company, managed to recover from a loss of CNY390 million in 2024.
For the first nine months of this year, Century Huatong’s net profit surged 142%, reaching CNY4.4 billion, with revenue increasing 75% to CNY27.2 billion. Perfect World reported a profit of CNY670 million, with revenue up 33% to CNY5.4 billion compared to the same period last year, nearly matching its full-year total from the previous year.
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