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.