News

Glu Mobile posts revenues of $68.7 million as Design Home has its strongest quarter yet

Glu Mobile posts revenues of $68.7 million as Design Home has its strongest quarter yet

Glu Mobile has released its financials for its Q2 FY17 for the three months ending June 30th 2017.

It posted revenues of $68.7 million for the quarter, up 42% year-on-year. However, net loss increased to $23.6 million, up from a loss of $17.9 million in FY16.

Bookings for the quarter rose significantly to $82.5 million, exceeding Glu's own guidance. This represents a 62% increase year-on-year.

Design Home, picked up by Glu when it acquired Crowdstar back in November 2016, continues to be the jewel in the developer's crown. The game managed to hit 17th place on the US iPhone game grossing ranks, and 28th on the overall grossing rank.

Happy home designers

"We had a better than expected quarter and a strong first half that reflects great execution on our strategy to position Glu for sustainable and profitable growth," said Glu CEO Nick Earl.

"The significant quarterly bookings increase was driven by Design Home, which is emerging as a leading growth game for the company, as well as MLB Tap Sports Baseball 2017 and Covet Fashion. We are also seeing improved performance trends in a number of other key evergreen titles."

Glu already has big plans for the future, having partnered with WWE on an upcoming game utilising its roster of wrestlers. It is also focusing some of its efforts on the recently-rebranded Restaurant Dash with Gordon Ramsay, which has so far generated $23 million in bookings since launch.


Deputy Editor

Ric has written for PocketGamer.biz for as long as he can remember, and is now Deputy Editor. He likes trains.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Important information

This site uses cookies to store information on your computer. By continuing to use our site, you consent to Steel Media's privacy policy.

Steel Media websites use two types of cookie: (1) those that enable the site to function and perform as required; and (2) analytical cookies which anonymously track visitors only while using the site. If you are not happy with this use of these cookies please review our Privacy Policy to learn how they can be disabled. By disabling cookies some features of the site will not work.