Shanda reports 26% revenue jump in Q2

Staff writer
Daily News

Shanda Interactive Entertainment announced its unaudited consolidated financial results for the second quarter ended June 30, 2011.

Consolidated net revenues increased 5% quarter-over-quarter and increased 26% year-over-year to 1,709.8 million yuan ($264.2 million).

Shanda Games’ revenues increased 5% quarter-over-quarter and increased 19% year-over-year to 1,320.5 million yuan ($204.0 million). Shanda Online’s revenues increased 2% quarter-over-quarter and increased 24% year-over-year to 308 million yuan ($47.6 million).

Other revenues decreased 1% quarter-over-quarter and increased 53% year-over-year to 403.8 million yuan ($62.4 million).

“We continued to solidify our position at the forefront of interactive entertainment this quarter by further expanding the breadth and depth of our content as well as broadening the reach of our platform,” said Tianqiao Chen, chairman, CEO and president of Shanda.

“We believe our strategic initiatives and investments in new products and services will help us better capture the tremendous opportunities in the fast-evolving internet industry and rebuild the cultural landscape in China.”

Related content