Newly public Chinese online gamer Perfect World (NSDQ: PWRD) has announced Q3 revenues of $28.5 million, up 1,474 percent from last year. Sequential growth came in at 65 percent. Net income of $16.5 million was up from a net loss of $14.9 million a year ago. Average current users for the quarter came in at 513,000, an increase of 335 percent since last year and 15 percent over last quarter. In addition to the rapid user growth, ARPU was up 39 percent sequentially on games whose model is based on in-game transactions. The company’s explosive growth resembles another Chinese online gaming firm, Giant Interactive, (NYSE: GA) which recently came public, although the company said in this release that the coming quarter may see a sequential decline due to difficult comparisons.

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Earnings Release | Webcast (8:00 AM est)