TREE NEWS update: Chinese game developer Glacier Network said it expects a net loss attributable to shareholders of 125 million to 178 million yuan (about $17.4M-$24.8M) for Jan. 1 to Sept. 30, 2026, versus a 502 million yuan profit a year earlier. Excluding non-recurring items, the loss is projected at 169 million to 222 million yuan. Third-quarter net loss is seen at 107 million to 152 million yuan, compared with a 166 million yuan profit a year ago.
Glacier Network Expects $17.4M-$24.8M Loss for First Three Quarters of 2026
AI take
The swing from a 502 million yuan profit to a projected loss, with the adjusted loss exceeding the headline figure, points to deteriorating core operations rather than one-off charges. The third-quarter loss alone accounts for the bulk of the nine-month shortfall, suggesting the downturn intensified rather than stabilized. Whether the non-recurring items that narrowed the reported loss recur, and whether the third-quarter trend extends into the final quarter, are the open questions.
Generated by AI for reference only.
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