Company Overview

We are a leading online game developer and operator in China as measured by the popularity of TLBB and our mobile game TLBB 3D. We engage in the development, operation and licensing of diverse range of online games. Our flagship game TLBB has been in operation for almost nine years with over 300 million registered users. We have obtained the rights to develop and operate online games based on popular works including ten out of the sixteen Louis Cha novels and six of Huang Yi’s. We also have popular IPs such as the Legend of Sword and Fairy, Xuan Yuan Jian, as well as a number of well-known Japanese animation IP.

We also own and operate the 17173.com Website, one of the leading information portals in China, which provides news, electronic forums, online videos and other information services on online games to game players.

Our revenues grew from $755.3 million for the year ended December 31, 2014, to $761.6 million for the year ended December 31, 2015. Our net income attributable to Changyou.com Limited of $212.8 million for the year ended December 31, 2015, compared with net loss of $3.4 million for the year ended December 31, 2014.