King Digital Entertainment (KING) Tops Q4 EPS by 10c

King Digital Entertainment (NYSE: KING) reported Q4 EPS of $0.57, $0.10 better than the analyst estimate of $0.47. Revenue for the quarter came in at $545.6 million versus the consensus estimate of $519.23 million.

Network Reach

• Network reach rose to record quarterly highs for MUUs, MAUs and DAUs in fourth quarter 2014.
• MUUs were 356 million in fourth quarter 2014, up 8 million, or 2%, from third quarter 2014, and up 52 million, or 17%, from fourth quarter 2013.
• MAUs were 533 million in fourth quarter 2014, up 38 million, or 8%, from third quarter 2014, and up 125 million, or 31%, from fourth quarter 2013.
• DAUs were 149 million in fourth quarter 2014, up 12 million, or 9%, from third quarter 2014, and up 25 million, or 20%, from fourth quarter 2013.
• The sequential increases in network reach metrics were due to an increase in our mobile players, which was primarily driven by newer games, and partially offset by a decline in our Facebook players. The higher growth in MAUs relative to growth in MUUs indicates a higher portion of players are playing more than one of our games, which we believe is primarily due to our active cross-promotion efforts.

Outlook

The following forward-looking statement reflects King's expectations as of February 12, 2015:

Based on recent results and our insights to date, the Company expects gross bookings of $575 million to $600 million in first quarter 2015. As we look toward the full year, we expect the general shape of quarterly gross bookings in 2015 to be similar to 2014, with the second and third quarters being softer periods than the first and fourth.

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

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