Revenues were slightly better due to World of Warcraft strength. WoW grew to 91% of total revenues. Other sources of revenue at the company have failed to materialize. EPS came in 12 cents better entirely on non-operational items: better forex, lower tax rate, better interest income. In fact, they missed operating income estimates slightly.
Citigroup and Credit Suisse downgrade this morning citing dependence on WoW and lack of bargaining power at the license renegotiation table.
Friday, August 8, 2008
The Nine (NCTY) 2Q:2008 results
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