Changyou.com Limited reported unaudited consolidated earnings results for the third quarter ended September 30, 2018. For the quarter, the company reported total revenue of $117,960,000 compared to $165,572,000 a year ago. Operating profit was $28,794,000 compared to operating loss of $29,818,000 a year ago. Income before income tax expense was $42,872,000 compared to loss before income tax expense of $23,010,000 a year ago. Net income attributable to the company was $55,239,000 or $1.03 per diluted share compared to net loss attributable to the company of $6,774,000 or $0.13 per basic and diluted share a year ago. Non-GAAP net income attributable to Changyou.com Limited was $54 million compared with a net loss of $5 million in the third quarter of 2017. Non-GAAP operating profit was $28 million, compared with a non-GAAP operating loss of $28 million in the third quarter of 2017. The year-over-year changes in GAAP and non-GAAP net loss was mainly due to impairment charges related to the MoboTap business that were recognized in the third quarter of 2017.

The company provided earnings guidance for the fourth quarter of 2018. For the quarter, the company expected total revenue to be between $110 million and $120 million, including online game revenue of $85 million to $95 million; non-GAAP net income attributable to Chanyou.com Limited to be between $23 million and $28 million, and non-GAAP net income per fully-diluted ADS to be between $0.43 and $0.52. Share-based compensation expense to be around $1 million, assuming no new grants of share-based awards. Taking into account the elimination of the impact of these share-based awards, GAAP net income attributable to Changyou.com Limited to be between $22 million and $27million, and GAAP net income per fully-diluted ADS to be between $0.41 and $0.50.