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

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