The9 Limited
Rating: Sector Perform
Price: $9.13

Results miss estimates due to loss of ‘WoW.’ The9 reported Q1 revenue of $62.4 million and GAAP loss per share of ($0.26) versus our estimates of $60.3 million and $0.29. It also reported Q2 revenue and GAAP loss per share of $42.2 million and ($0.46) versus our estimates of $71.5 million and $0.48. Results were much worse than expected because of the loss of World of Warcraft (WoW) in early June and associated depreciation and other expenses recognized due to the loss.

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For commercial defamation and property loss; Cases heard June 18th and July 18th

Unclear if the government will issue a license to operate the game before resolved