Glu Mobile (GLUU) Misses Q1 EPS by 6c

Glu Mobile (NASDAQ: GLUU) reported Q1 EPS of ($0.06), $0.06 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $107.3 million versus the consensus estimate of $96.41 million.

Company raises 2020 full year bookings guidance to a range of $490 million to $500 million.

Nick Earl, Chief Executive Officer, stated, “As we go through these unprecedented times, the mobile gaming industry is providing interactive social entertainment in the shelter-in-place environment. We have been successfully operating our business with no disruptions during the COVID-19 pandemic, and in March, we launched Tap Sports Baseball 2020, the latest version of our very successful baseball franchise, and Disney Sorcerer’s Arena, which is off to a great start. We also saw improved performances from Diner DASH Adventures and Kim Kardashian: Hollywood in the quarter, which when added to the strong early results we have seen in Disney Sorcerer’s Arena, and combined with our three proven Growth Games, puts us in a great position to significantly stack bookings and scale our business. While the second half of the year brings an unusually high level of uncertainty, we believe we are well positioned to deliver on our improved outlook for the full year 2020.”

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

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