Glu Mobile ended the quarter with record revenue of $158 million

The company’s revenue grew by 48% year-on-year and amounted to $158.5 million.

• Receipts including deferred income (bookings) amounted to $147.3 million and increased by 22% compared to the results for the third quarter of 2019.
• Net profit amounted to $13.4 million (while Glu lost $5.1 million over the same period last year).
• According to Eric R. Ludwig, COO of the company, effective investments in attracting users and reducing operating costs contributed to profit growth.
• Data on games for the third quarter

Bookings of the Design Home project increased by 15% year-on-year and amounted to $52.1 million.

• The company has also added a Design Home Inspired store to the game, where you can buy real interior items.Covet Fashion game receipts increased by 30% year-on-year and amounted to $22.4 million.
• Bookings of Tap Sports Baseball franchise games totaled $30 million.
• Crowdstar studio, which Glu bought in 2017 for $45 million, presented the Table & Taste project.
• The company hopes that it will help it to occupy a niche in the category of cooking games.Also in the third quarter, other successful Glu franchises, including Kim Kardashian: Hollywood, performed well.
• Also on the topic:
  

• After a year of softlonch, Glu Mobile released a battler about Disney heroesGlu Mobile has released its first social casino
• Tencent sells 7.2 million shares of Glu Mobile
• Is there any news?