Party down 30% on weak earnings projections...hmmmmmm???

One Analyst Got it Right

I see WPTE is down %10 as well

[RydenStoompala]

Ok.

Now?


How about now?

[Photoc]

[ QUOTE ]
Remember, a 10% increase in player population now is equivalent to a town in the midwest U.S.

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FYP [img]/images/graemlins/grin.gif[/img]

[RydenStoompala]

Your avatar is lumpy.

They're only down because the growth is slowing like a small westbound car hitting a large eastbound bus. Nothing serious.

Guess the fun is over guys, time to quit poker. It was fun while it lasted.

[Bellagibro]

We'll just have to pay $4 rake for Party to maintain profit levels. No problem.

[Reef]

guess all you multi tabling TAG's better pack up and go home (figuratively).. No fish to see here..

[mmbt0ne]

Everyone responding like this is an "online poker is doomed" post, please collect your retart badges at the back door.

Party's stock dropped 30% on earning projections. Stock != good player profitability.

[Uglyowl]

http://www.partygaming.com/images/in...5_06_09_05.pdf

Sounds like the problem really isn't getting new players, but it costs more to keep them there (read reloads, r******k, beanies, etc.)

Also it says the new players tend to be more casual who play less often than the core players (less revenue per customer) (read less sharks)



-Revenues up 87% year over year

-Earnings up 70%

-Real money sign ups up 73%

-Plan on introducing other currency games

-Skins revenue account for 3.6% of Party's revenue, up from 2.3% last year (r*******k whores)

-New player sign-ups are as expected, a significant amount outside U.S.

-Retention rates (read reload bonuses) and player yields continue to decline (read r********k).

-7% of revenue lost compared to prior year due to competitive pressure, they even mention reload bonuses.