Changyou.com Limited reported unaudited consolidated earnings results for the second quarter ended June 30, 2018. For the quarter, the company reported total revenue of USD 112,827,000 against USD 150,361,000 a year ago. Operating profit was USD 25,695,000 against USD 53,506,000 a year ago. Income before income tax expense was USD 39,857,000 against USD 61,640,000 a year ago. Net income was USD 32,083,000 against USD 51,580,000 a year ago. Net income attributable to the company was USD 32,105,000 against USD 51,544,000 a year ago. Diluted net income attributable to the company per ADS was USD 0.60 against USD 0.96 a year ago. Non-GAAP net income attributable To the company was USD 28 million, compared with net income of USD 61 million in the second quarter of 2017 and a net loss of USD 16 million in the first quarter of 2018. Non-GAAP operating profit was USD 21 million, compared with non-GAAP operating profit of USD 63 million in the second quarter of 2017 and USD 35 million in the first quarter of 2018. Operating cash flow for the second quarter of 2018 was a net inflow of USD 45 million.

For the third quarter of 2018, the company expects total revenue to be between USD100 million and USD 110 million, including online game revenue of USD 80 million to USD 90 million. Non-GAAP net income attributable to the company be between USD 20 million and USD 25 million, and non-GAAP income per fully-diluted ADS to be between USD 0.37 and USD 0.47. Share based compensation to be around USD 1 million, assuming no new grants of share-based awards. GAAP net income attributable to the company to be between USD 19 million and USD 24 million, and GAAP income per fully-diluted ADS to be between USD 0.35 and USD 0.45.