Categories Earnings, Technology

Glu Mobile Inc (GLUU): Q3 2019 Earnings Snapshot

— Glu Mobile Inc. (NASDAQ: GLUU) reported third-quarter 2019 loss of $0.03 per share, vs. $0.03 per share profit expected.

— Total revenue rose 8% to $107.1 million, vs. $110.9 million expected.

— Bookings up 20% to $120.4 million

— Q4 books expected in the range of $101.5 million to $103.5 million.  For the full year, booking are projected in the range of $416.4 million to $418.4 million.

— Glu Mobile expects to exit 2020 with Adjusted EBITDA margin of at least 15%.

— GLUU shares were plunged 9.6% immediately following the announcement.

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