Changyou.com Issues Q1 Guidance - Quick Facts

(RTTNews) - Changyou.com Limited (CYOU) announced, for the first quarter of 2016, the company expects: total revenues to be between $120 million and $130 million, including online game revenues of $95 million to $105 million; Non-GAAP net income attributable to Changyou.com to be between $30 million and $35 million; and Non-GAAP income per ADS to be between $0.56 and $0.65.

Dewen Chen, Co-CEO, said, "2015 has been a year of re-focus for Changyou. We rationalized our operations, drove up efficiencies and realigned our R&D efforts, which yielded a 2015 record revenue of $762 million and a non-GAAP net income of $228 million. The strategy we set forward is 'Big IP, Top Games and Mass Marketing', meaning we will only bring to market the top-level games that meet all of our new testing criteria and we will support these top-level games with our best IP and marketing resources to ensure their success."