Glu Mobile (GLUU) Misses Q3 EPS by 6c, Sales Beat

Glu Mobile (NASDAQ: GLUU) reported Q3 EPS of ($0.09), $0.06 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $81.1 million versus the consensus estimate of $80.29 million.

Nick Earl, Chief Executive Officer, stated, “As I reach my one-year anniversary as CEO of Glu, I am delighted to recognize our team’s exceptional execution of our growth strategy. Our strong operating performance in the quarter and year to date reflects our creative culture and better than expected results from our portfolio of growth and evergreen titles. Design Home continues to be a strong growth driver and demonstrates Glu’s ability to combine our scaled operations and user acquisition strategy with quality IP.\"

“While our new strategy is working well and generating improved financial results, there is still work to be done,” added Earl. “Our pipeline is active and we remain focused on executing on our live operations strategy of increasing social interaction and user engagement. We believe we are on track to reach our primary financial goal of achieving sustained profitability on an adjusted EBITDA basis beginning in the first quarter of 2018.”

For earnings history and earnings-related data on Glu Mobile (GLUU) click here.

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