Categories Earnings, Leisure & Entertainment

Glu Mobile Inc. (GLUU): Q4 2019 Earnings Snapshot

— Glu Mobile Inc. (NASDAQ: GLUU) reported net income of $10.8 million or $0.07 per share for the fourth quarter of 2019, vs. $0.08 per share expected.

— Total revenue rose 18% to $112.9 million during the three-month period, vs. $103.62 million expected

— Bookings increased 10% annually to $108.4 million

— Expects bookings to be in the range of $93 million to $95 million in the first quarter of 2020

— Expects full-year 2020 booking to be between $423 million and $433 million

— Looking for platform commissions, excluding any impact of deferred platform commissions, of $111.2-$113.9 million

— Expects royalties, excluding any impact of deferred royalties, in the range of $25.4 million to $26.0 million for 2020

— Estimates full-year hosting costs to be in the range of $7.2 million to $7.4 million

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Also Read:  Adobe (ADBE) stock gains as Q3 earnings, revenue beat Street view

Most Popular

Major earnings conferences to watch this week

After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the

Illumina (ILMN) is uniquely placed to offer long-term returns. Here’s why

Illumina, Inc. (NASDAQ: ILMN), a pioneer in genome sequencing technology, has strived to strengthen its unique position in the healthcare sector through strategic partnerships and technological innovation. Its performance so

The COVID-19 pandemic gave these companies an unexpected opportunity

The COVID-19 pandemic raged through the first half of this year and continues to impact the world without signs of abating. Amid this health crisis, several companies reported strong results

One thought on “Glu Mobile Inc. (GLUU): Q4 2019 Earnings Snapshot

Comments are closed.