Hangzhou Electn Soul NetworkNet loss widened due to decline in top-up revenue for Dream of Three Kingdoms 2 and fall in mobile game revenue.

Dianhun Network disclosed its 2026 half-year performance forecast, expecting a net loss of 47 million to 65 million yuan for the first half, with the loss widening significantly compared to the same period last year. The company stated that the expected loss is mainly due to a year-on-year decline in top-up revenue for Dream of Three Kingdoms 2, increased selling expenses from marketing new games, and substantial exchange losses from the depreciation of the US dollar against the yuan. Dianhun Network has been exploring esports, IP derivatives, and AI, while pushing client games to mobile, but client games still account for 63.63% of total revenue, while mobile game revenue fell 25.44% year-on-year. Game industry commentator Zhang Shule noted that whether Dianhun Network can leverage multi-platform data interoperability to address the pain points of porting client games to mobile is key to realizing its esports ambitions.
Hangzhou Electn Soul NetworkNet loss widened due to decline in top-up revenue for Dream of Three Kingdoms 2 and fall in mobile game revenue.