Glu Mobile earned $56.8 million in the quarter

For the first quarter of 2017, the revenues of Glu Mobile, known by Kim Kardashian: Hollywood, amounted to $56.8 million, but it is still in the red.

$56.8 million is 4% more than a year earlier for the same quarter and 28% more than in the fourth quarter of 2016.

The number of funds that the company should receive as a result of completed sales (bookings) has also increased significantly: from $56.9 million a year earlier to $69 million in January-March.

But the company is still in the red. And he also grew up. If in the first quarter of 2016 the losses amounted to $8.5 million, then by the end of the first quarter of 2017 it was in the red by $22 million.

The number of available funds has also decreased. A year ago, the company had $159.2 million at its disposal, now it has $73.1 million.

Source: Glu Mobile