Glu Mobile (GLUU) Misses Q2 EPS by 13c, Revenues Miss; Raises Bookings Guidance

Glu Mobile (NASDAQ: GLUU) reported Q2 EPS of ($0.05), $0.13 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $133.3 million versus the consensus estimate of $165.3 million.

“The second quarter financial results were the best in Glu’s history,” said Nick Earl, Chief Executive Officer. “We saw record quarterly bookings in all three of our Growth Games and the continued resurgence of Kim Kardashian: Hollywood and Diner DASH Adventures. Additionally, our latest launch, Disney Sorcerer’s Arena, showed strength in its first full quarter. This progress reinforces our growth objective of stacking bookings that scale and increase profitability over time. Looking ahead, our focus is to continue to drive strong Growth Game performance through our live ops, develop our robust pipeline of new potential Growth Games, and strategically layer on accretive acquisitions.”

GUIDANCE:

Company raises 2020 full year bookings guidance to a range of $538 million to $548 million

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

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