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Glu Mobile (GLUU) Misses Q4 EPS by 8c, Offers Guidance

February 4, 2019 4:08 PM

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 LowHigh
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 LowHigh
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.

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Earnings Guidance

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