Earnings Call: Glu Says New Platforms Have Hurt Traditional Carrier Business; Cash Balance Sinks

imageThe mobile games industry still has to figure out a lot, and there’s no better confirmation of that than listening to Glu (NSDQ: GLUU) Mobile’s third-quarter earnings call, which detailed a laundry list of concerns, ranging from industry-specific things, such as figuring out what business model works best to the impacts of the poor economy, and things specific to Glu, such as its shrinking cash position as the final payment comes due on an acquisition. Glu’s CEO Greg Ballard: “We are disappointed in our Q3 performance…We expect these conditions to continue and are assumptions are reflected in our fourth-quarter outlook. It’s unfortunate that these economic conditions are occurring when there

loading

Comments have been disabled for this post