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KongZhong Reports 12th Consecutive Quarter Of Revenue Growth

August 17, 2005
Internet

KongZhong (KONG) has announced its unaudited second quarter 2005 financial results. Total revenue in the second quarter of 2005 grew 53% year-over-year and 8% sequentially to a new record $18.36 million.

Since inception, the Company has grown its revenues every quarter for 12 consecutive quarters.

2.5G revenue grew 41% year-over-year, but declined 1% sequentially to $13.52 million. 2G revenue grew 105% year-over-year and 48% sequentially to $4.82 million.

Net income for the quarter also reached a new record of $6.60 million, a 25% increase from second quarter 2004, and a 12% increase from first quarter 2005. Diluted earnings per ADS were $0.19, up from $0.17 in first quarter 2005.

Mobile game revenue from 2.5G services reached $1.79 million in the second quarter, which was 10% higher than the previous quarter. Revenue from Java games during the quarter was $455,000, up 27% from $358,000 in the first quarter.

Tags: 2.5G | 2G | 5G | finance | financial | game | games | Java | KONG | KongZhong | mobile | mobile game | revenue | Total

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