Changyou.com Limited announced unaudited consolidated earnings results for the fourth quarter and fiscal year ended December 31, 2017. For the quarter, the company's total revenue was USD 144,458,000 against USD 130,523,000 a year ago. Operating profit was USD 35,275,000 against USD 37,817,000 a year ago. Income before income tax expense was USD 45,590,000 against USD 51,244,000 a year ago. Net income was USD 34,101,000 against USD 41,888,000 a year ago. Net income attributable to the company was USD 34,206,000 against USD 41,019,000 a year ago. Diluted net income attributable to the company per ADS was USD 0.64 against USD 0.77 a year ago. Non-GAAP operating profit was USD 35,445,000 against USD 36,879,000 a year ago. Non-GAAP net income attributable to the company was USD 34,373,000,000 against USD 40,073,000 a year ago. Non-GAAP diluted net income attributable to the company per ADS was USD 0.64 against USD 0.75 a year ago. Operating cash flow for the fourth quarter of 2017 was a net inflow of USD 78 million. The year-over-year change in operating profit was mainly due to impairment charges related to the MoboTap business that were recognized during the third quarter of 2017. 

For the year, the company's total revenue was USD 580,261,000 against USD 525,385,000 a year ago. Operating profit was USD 90,481,000 against USD 130,853,000 a year ago. Income before income tax expense was USD 122,606,000 against USD 168,653,000 a year ago. Net income was USD 81,839,000 against USD 147,070,000 a year ago. Net income attributable to the company was USD 108,834,000 against USD 144,947,000 a year ago. Diluted net income attributable to the company per ADS was USD 2.04 against USD 2.72 a year ago. Non-GAAP operating profit was USD 107,874,000 against USD 139,255,000 a year ago. Non-GAAP net income attributable to the company was USD 126,215,000,000 against USD 153,316,000 a year ago. Non-GAAP diluted net income attributable to the company per ADS was USD 2.36 against USD 2.85 a year ago. The year-over-year change in operating profit was mainly due to impairment charges related to the MoboTap business that were recognized during the third quarter of 2017. 

For the first quarter of 2018, the company expects total revenue to be between USD 120 million and USD 130 million, including online game revenue of USD 90 million to USD 100 million; Non-GAAP net income attributable to the company to be between USD 25 million and USD 30 million, and non-GAAP income per fully-diluted ADS to be between USD 0.47 and USD 0.56. Taking into account the elimination of the impact of these share-based awards, GAAP net income attributable to the company to be between USD 23 million and USD 28 million, and GAAP income per fully-diluted ADS to be between USD 0.43 and USD 0.52. For the first quarter of 2018, the company expects a seasonal downturn for TLBB PC game due to the Chinese New Year holidays. The company also expects revenue from Legacy TLBB Mobile to decline, but at a slower rate than occurred during the fourth quarter of 2017.