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

Glu Mobile reported results for the third fiscal quarter of 2020 (ended September 30). The company not only showed record revenue, but also managed to finish the period with a profit.Overall figures for the third quarter

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?