Changyou.com Limited announced unaudited consolidated earnings results for the fourth quarter and fiscal year ended December 31, 2018. For the fourth quarter of 2018, the company's total revenue was USD 117,771,000 against USD 144,458,000 a year ago. Operating profit was USD 8,149,000 against USD 35,275,000 a year ago. Net income was USD 10,062,000 against USD 34,101,000 a year ago. Basic net income attributable to the company per ADS was USD 0.19 against USD 0.65 a year ago.

For the full year of 2018, the company's total revenue was USD 485,763,000 against USD 580,261,000 a year ago. Operating profit was USD 99,981,000 against USD 90,481,000 a year ago. Net income was USD 83,925,000 against USD 81,839,000 a year ago. Basic net income attributable to the company per ADS was USD 1.59 against USD 2.07 a year ago. Diluted net income attributable to the company per ADS was USD 1.57 against USD 2.04 a year ago.

For the fourth quarter of 2018, the company reported goodwill impairment and impairment of intangible assets acquired as part of acquisition of a business of USD 16,369,000.

For the first quarter of 2019, the company expects total revenue to be between USD 105 million and USD 115 million, including online game revenue of USD 80 million to USD 90 million; GAAP net income attributable to company to be between USD 22 million and USD 27 million, and GAAP net income per fully-diluted ADS to be between USD 0.41 and USD 0.50.