GREE’s Q1 2013 sales dip 5.4% Q-over-Q to $466.7M, but sales in “recovery trend” after kompu gacha ban

The heavy costs of GREE’s international expansion and the lingering effects of the kompu gacha ban have taken a bite out of the Japanese giant’s profits. The company’s net profit for Q1 2013 fell 26.3 percent quarter-over-quarter and 3.6 percent year over year to 9.06 billion yen ($111.5 million).

Q1 2013 is GREE’s second straight quarter of declining revenues. Net sales for the period were 37.9 billion yen ($466.7 million) down 5.4 percent from Q4’s 40.08

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