King Digital Entertainment plc (KING) Reports Q2 EPS of $0.52; Trims FY14 Outlook

King Digital Entertainment plc (NYSE: KING) reported Q2 EPS of $0.52, versus $0.39 reported last year. Revenue for the quarter came in at $593.6 million, versus $455.5 million reported last year.

Announces $150 million special dividend; the Company's executive officers, directors, founders and affiliated funds, including Bellaria Holding S.a.r.l of whom Apax WW Nominees Ltd is the sole shareholder, together representing 80% of outstanding shares, agree to a new lockup with the Company through the date following the Company's announcement of fourth quarter and full year 2014 earnings.

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Outlook

The following forward-looking statements reflect King's expectations as of August 12, 2014:

Based on recent results and our insights into the second half of the year, the Company expects gross bookings to decline sequentially in third quarter 2014, followed by sequential gross bookings growth in fourth quarter 2014. For full year 2014, the company expects growth in gross bookings as compared to full year 2013.

Quarter Ending September 30, 2014:

• Gross bookings of $500 million to $525 million

Fiscal Year Ending December 31, 2014:

• Gross bookings of $2.25 billion to $2.35 billion

For earnings history and earnings-related data on King Digital Entertainment plc (KING) click here.

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