Among the only pureplay public company in mobile content space in U.S., Glu Mobile reported its Q2 earnings today: it had a loss of $898,000, compared with $2.7 million a year-ago. Revenues rose 43 percent to $16.4 million, but below expectations of $16.7 million, according to Reuters Estimates.
Some other numbers:
— Glu’s top ten titles represented approximately 53 percent of revenue in Q2, which was down from 62 percent of revenue from a year ago.
— The average revenue per top ten title was $873,000, an increase of 23 percent compared to $710,000 in the year-ago quarter.
Release | Call Webcast
From Needham analyst Mark May, in a research note this morning: Management confirmed on the call that it would likely not renew certain licenses with Hasbro when they expire at the end of this year. While those titles likely represent between 13-15% of revenues today, management indicated that they are in decline and represented less than 10% of forecasted CY08 revenues…The largest revenue-generating title affected is Monopoly Here and Now, a title that represented roughly 13% (or $2.0M) of revenue in 1Q07 but that fell to a
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