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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Perfect World
Perfect World (002624) investor relations material
Perfect World Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue was RMB2.36B, up 36.85% YoY; attributable net income was RMB505.6M, up 211.47%, while YTD revenue and net income declined 5.61% and 41.83%, respectively.
Neverness to Everness drove gaming growth and operating cash inflow; YTD results also reflected lower film revenue, weaker agency-game income, and the absence of prior-year disposal gains.
Financial highlights
Q3 adjusted attributable net income was RMB471.3M, up 185.49% YoY; YTD adjusted net income was RMB260.7M, down 46.04%.
YTD operating revenue was RMB5.11B versus RMB5.42B a year earlier; attributable net income was RMB387.1M versus RMB665.5M.
Total assets were RMB10.98B at quarter-end, up 4.92% from year-end; equity attributable to shareholders was RMB7.08B, down 0.66%.
Segment performance
YTD gaming revenue rose 7.09% to RMB4.79B, led by Neverness to Everness; lower revenue from Zhuxian World, CS:GO, and Dragon Oath 2: Flying Dragon War partly offset the growth.
YTD gaming attributable net income was RMB433.9M, down RMB283.0M YoY, largely reflecting prior-year one-time proceeds from the sale of the Chengfeng studio; adjusted gaming net income fell 28.7% to RMB390.4M.
Film revenue fell 66.58% to RMB306.9M YTD as fewer titles aired and generated recognized revenue; attributable net loss was RMB4.1M and adjusted net loss RMB29.8M.
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Latest events from Perfect World
- Revenue fell 38%, while asset-sale gains softened a loss-making H1.002624
Q2 2024 - Project write-downs and weaker content revenue drove a RMB1.288bn FY24 shareholder loss.002624Q4 2024
- Fewer releases and maturing titles drove losses as new game tests moved forward.002624Q3 2024
- Q1 growth was led by Zhuxian World and film releases, with disposal gains lifting reported earnings.002624Q1 2025
- Revenue and adjusted earnings rebounded, while a studio sale boosted reported profit.002624Q2 2025
- Revenue recovered and earnings returned to profit, with NTE leading the 2026 growth agenda.002624Q4 2025
- New game and film releases drove growth and a YTD return to profit.002624Q3 2025
- Revenue and earnings declined sharply as game receipts fell and fewer films were released.002624Q1 2026
- NTE billings topped RMB2bn, but launch costs and deferred revenue recognition drove an H1 loss.002624Q2 2026
Next Perfect World earnings date
Q4 202627 Apr, 2027
Perfect World
Next Perfect World earnings date
Q4 202627 Apr, 2027
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