In its first earnings report as a public company, Chinese online gamer Giant Interactive (NYSE: GA) posted Q3 revenue of $54.1 million, up 164.2 percent from last year. Net income grew 152.6 percent to $38.7 million ($.19 per ADS). But the company’s growth isn’t so blistering on a sequential basis. Revenue and income grew by 9.5 percent and 9.8 percent, respectively. The company also saw slight sequential declines in its average number of concurrent users, although it attributed this to its efforts at stamping out gold farmers—players whose sole purpose is to harvest online gold for resale. There’s actually an interesting exchange on the conference call between an analyst and CEO Yuzhu Shi about what exactly gold farming is, and why the company felt it worthwhile to implement curbs on it. Obviously, this is sort of a new one for analysts to think about. The stock is off over 26 percent today, and it’s now down nearly 50 percent from its peak

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• Chinese Online Gamer Giant Interactive Raises $813 Million in IPO; Shares Up on Day One