Glu Mobile (GLUU) Misses Q4 EPS by 8c, Offers Guidance
Glu Mobile (NASDAQ: GLUU) reported Q4 EPS of ($0.01), $0.08 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $95.6 million versus the consensus estimate of $95.98 million.
Glu is providing its financial outlook for the first quarter of 2019 and updating guidance for the full year 2019 as follows:
First Quarter 2019 Guidance: | � | � | � | � | ||
| � | ||||||
| in millions | Low | � | High | |||
| Bookings | $88.0 | $90.0 | ||||
| Platform commissions, excluding any impact of deferred platform commissions | $23.1 | $23.6 | ||||
| Royalties, excluding any impact of deferred royalties | $4.4 | $4.5 | ||||
| Hosting costs | $1.5 | $1.5 | ||||
| User acquisition and marketing expenses | $21.4 | $21.7 | ||||
| Adjusted other operating expenses | $31.6 | $31.7 | ||||
| Depreciation | $1.0 | $1.0 | ||||
| � | ||||||
| Supplemental information: | ||||||
| Income tax | $0.2 | $0.2 | ||||
| Stock-based compensation | $6.9 | $6.9 | ||||
| Amortization of intangible assets | $1.3 | $1.3 | ||||
| Weighted-average common shares outstanding – basic | 145.4 | 145.4 | ||||
| Weighted-average common shares outstanding – diluted | 159.0 | 159.0 | ||||
| � |
| Full Year 2019 Guidance | � | � | ||
| � | ||||
| in millions | Low | � | High | |
| Bookings | $435.0 | $445.0 | ||
| Platform commissions, excluding any impact of deferred platform commissions | $113.0 | $116.0 | ||
| Royalties, excluding any impact of deferred royalties | $27.0 | $28.0 | ||
| Hosting costs | $6.5 | $7.0 | ||
| User acquisition and marketing expenses | $102.0 | $103.0 | ||
| Adjusted other operating expenses | $137.5 | $138.0 | ||
| Depreciation | $4.0 | $4.0 | ||
| � | ||||
| Supplemental information: | ||||
| Income tax | $0.4 | $0.4 | ||
| Stock-based compensation | $27.7 | $27.7 | ||
| Amortization of intangible assets | 4.4 | 4.4 | ||
| Weighted-average common shares outstanding – basic | 148.5 | 148.5 | ||
| Weighted-average common shares outstanding – diluted | 162.6 | 162.6 | ||
| Cash and cash equivalent balance | At least $150.0M | |||
For earnings history and earnings-related data on Glu Mobile (GLUU) click here.