Sky-mobi Limited announced its unaudited financial results for the first quarter ended March 31, 2016.
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Total revenue was RMB83.7 million ($13 million), compared to RMB98.1 million in the previous quarter and RMB233 million during the same period last year.
The sequential decrease was primarily a result of the three mobile carriers' continued tightening of security policies governing payment transactions, and tighter control measures on payment transactions implemented by the three mobile carriers during the weeks surrounding China's annual consumer rights day on March 15, 2016.
Revenue from the smartphone business was RMB81.7 million ($12.7 million), or 97.6% of total revenue, compared to RMB96.6 million in the previous quarter, or 98.5% of total revenue, and RMB219.3 million during the same period last year, or 94.1% of total revenue.
The decreases were primarily due to the continued tightening of payment security policies by the three mobile carriers.
Revenue can be further broken down into three categories: "revenue from single-player games", "revenue from multiplayer games" and "other revenue".
Revenue from single-player games was RMB67.6 million ($10.5 million), compared to RMB79.1 million in the previous quarter and RMB194.9 million during the same period last year.
ARPU1 for single-player games was RMB11.3, compared to RMB10.3 in the previous quarter as the decline in the paying user base was faster than the reduction in revenue from single-player games.
Revenue from multiplayer games was RMB13.0 million ($2.0 million), compared to RMB12.7 million in the previous quarter and RMB22.8 million during the same period last year. ARPU for multiplayer games was RMB147.6, compared to RMB173.6 in the previous quarter as the decline in paying user base was slower than the reduction in revenue from multiplayer games.
Other revenue was RMB3.2 million ($0.5 million), compared to RMB6.4 million in the previous quarter and RMB15.3 million during the same period last year.
Total cost of revenue was RMB61.9 million ($9.6 million), compared to RMB74.7 million in the previous quarter and RMB185.3 million during the same period last year. ■