Perfect World

Chinese online game developer and operator.

Launch date

Mar 2004

Employees

1001-5000 people

Market cap

Enterprise valuation

CAD2.3b (Public information from Sep 2024)

Beijing China (HQ)

http://www.pwrd.com

https://twitter.com/perfectworldent https://www.facebook.com/PerfectWorldEntertainment https://www.linkedin.com/company/perfect-world-co.-ltd.https://play.google.com/store/apps/details?id=com.pwrd.wlwzint

Revenues, earnings & profits over time

EUR	2020	2021	2022	2023	2024	2025	2026
Revenues	1.3b	1.1b	959m	974m	846m	1.1b	1.2b
% growth	27 %	(17 %)	(10 %)	2 %	(13 %)	24 %	13 %
EBITDA	353m	96.6m	257m	102m	123m	189m	198m
% EBITDA margin	28 %	9 %	27 %	10 %	15 %	18 %	17 %
Profit	194m	46.1m	172m	61.4m	51.7m	119m	149m
% profit margin	15 %	4 %	18 %	6 %	6 %	11 %	13 %
EV / revenue	5.6x	4.7x	2.9x	2.7x	1.9x	1.5x	1.3x
EV / EBITDA	20.3x	51.6x	10.9x	25.8x	13.4x	8.1x	7.7x
R&D budget	199m	276m	286m	274m	-	-	-
R&D % of revenue	16 %	26 %	30 %	28 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Oct 2011	N/A	N/A	IPO
Dec 2021*	Embracer	$125m Valuation: $125m 0.1x EV/LTM Revenues 0.3x EV/LTM EBITDA	Acquisition
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

By Country

China 9 United States 3

By Industry

Gaming 3 Sports 1 Marketing 1

By Round

SERIES A 5 SEED 4 EARLY VC 2 ACQUISITION 1 ANGEL 1

ACQUISITION by Perfect World Mar 2010

Fuzhou Online Game Information Technology

Archosaur Games

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