Giant Network Q1 2026 Earnings Report

Key insights

7 takeaways

01
Giant Network reported Q1 2026 operating revenue of 2.33 billion yuan, a 221.70% year-over-year increase.See it on page 2
02
Net profit attributable to shareholders reached 1.08 billion yuan, marking a 210.58% surge compared to the same period in 2025.See it on page 2
03
Operating cash flow grew by 507.43% to 1.32 billion yuan, primarily fueled by increased game-related income.See it on page 3
04
Operational expenditures rose significantly, with sales expenses climbing 151.06% due to promotions and R&D costs increasing 93.78% due to personnel expenses.See it on page 3
05
The company executed a strategic outflow of 1.48 billion yuan for external investments during the quarter.See it on page 11
06
Basic earnings per share rose to 0.57 yuan, representing a 200% improvement over the prior year.See it on page 10
07
Total assets reached 20.49 billion yuan by March 31, 2026, an 8.07% increase from the end of 2025.See it on page 7

Summary

Giant Network’s 2026 first-quarter earnings report reflects a period of significant financial expansion, characterized by triple-digit growth in core revenue and profitability. For the three months ending March 31, 2026, the company recorded operating revenue of 2.33 billion yuan, representing a 221.70% increase compared to the same period in 2025. Net profit attributable to shareholders reached 1.08 billion yuan, a 210.58% surge year-over-year. This performance was supported by a robust increase in operating cash flow, which rose by 507.43% to 1.32 billion yuan, primarily driven by higher game-related income.

The company’s financial position remains stable, with total assets reaching 20.49 billion yuan by the end of the quarter, an 8.07% increase from the previous year-end. The surge in revenue was accompanied by higher operational expenditures, including a 151.06% rise in sales expenses due to increased promotional activities and a 93.78% increase in research and development costs attributed to rising personnel expenses. Despite these costs, the company maintained a strong bottom line, with basic earnings per share rising to 0.57 yuan, a 200% improvement over the prior year.

Operational highlights for the quarter include the implementation of a second employee stock ownership plan, which involved the non-trading transfer of over 3.17 million shares to core staff to incentivize long-term performance. The company’s investment activities saw a significant outflow of 1.48 billion yuan, reflecting a strategic increase in external investments. As of the end of the quarter, the company reported 69,450 shareholders. This unaudited report underscores a period of aggressive growth and investment, with the company’s financial trajectory heavily influenced by the scaling of its core gaming operations and strategic capital allocation.