DeNA reports 20% loss in revenue in Q3 ’13 as compared to Q3 last year

The firm generated US$408M in quarterly revenue in Q3 ’13. It also made an operating profit of US$112M, which is a 42% drop from Q3 ’12

dena

Japan-based mobile internet company DeNA today announced its financial results for the third quarter of fiscal year 2013 which ended December 31, 2013. According to the official statement, the firm generated US$408 million in quarterly revenue, which is a 20 per cent plunge from the same quarter last year.

It also made an operating profit of US$112 million, which is a 42 per cent drop from the same quarter last year. Isao Moriyasu, President and CEO, DeNA, established that the company is still dedicated to its plan of large-scale game production in both, the app and browser markets.

Moriyasu added, “By establishing improved development processes, we have scaled our ability to deliver numerous high-quality games each quarter. We’re seeing encouraging signs from many of our games and new services in the mobile app market, and it remains an exciting opportunity for growth for our company.”

Read Also: Asians spending on games more than Europeans: Distimo report

Additionally, the report revealed that Japan has seen a slight drop in MobaCoin consumption. MobaCoin, a premium currency used on DeNA’s Mobage, a portal for games, was said to have generated US$451 million, nine per cent lower than the previous quarter. The total MobaCoin consumption reported from DeNA’s international business was over US$60 million.

Mobage Japan also saw 21 new first- and second-party titles, 13 of which are app-based and another eight are browser-based games, since August 2013. Its international counterpart Mobage West, on the other hand, will be looking to launch 20 new titles globally or in limited regions by the end of the fiscal year.

mobage

Here is a complete list of DeNA’s portfolio services: Mobage (Japan)Yahoo! MobageGroovycommDeNA SHOPPINGau Shopping Mallmixi MallMobaokuDeNA BtoB marketPAYGENTDeNA ZEROSTOREEverystarShumee-to ClubDeNA TRAVELarukikata.comSogo Hoken CenterMobage WestMobage ChinaDaum Mobage, and Mobage Open Platform.

For the last quarter of this fiscal year, DeNA is looking to hit US$402 million in revenue, and generate US$93 million in profit. The fiscal year will end March 31, 2014.

Elaine Huang

Elaine is a fervent believer that if there ever is a zombie apocalypse, we will all be snapping away at them with our phones and posting them onto Instagram. A Mass Communication graduate of Ngee Ann Polytechnic's School of Film and Media Studies, she enjoys writing about technology and entrepreneurs. When not hashtagging her way through all sorts of trouble, Elaine is probably contemplating how to write in the third person.

Related posts

Top