The9 sees revenues increase, reports net loss of $45.2 million in 2011
Chinese gaming company The9 has reported a net loss of $45.2 million for the 2011 fiscal year, a 43 percent decrease over the company’s 2010 net loss of $76.3 million. Its overall loss in the third and fourth quarters was $34.9 million, up 240% from the first half of the year, when the company reported an $11.7 million loss.
The company attributed the loss to an increase in marketing expenses for its game Firefall, as well as increased research, development and headcount expenses due to the establishment of overseas offices.
The9’s
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