Feb 18, 2020
Glu Mobile (NASDAQ: GLUU) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “FY20 guide in-line despite softer 1Q, overall outlook still excludes new game potential. GLUU’s guidance for FY20 bookings and adj. EBITDA was effectively in-line with expectations and continues to exclude any potential contribution from what could be 3-4 new game launches throughout FY20. 1Q20 bookings and adj. EBITDA came in softer than expected with midpoints of ~$94M and ~($1.65M), attributable to the seasonal drop off in TSB bookings, more aggressive UA spend (lower CPIs) and heavy marketing and correlated UA spend for the launch of Disney in late March (without any bookings contribution).”
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About Glu Mobile
Glu Mobile (NASDAQ: GLUU) is a leading creator of mobile games. Founded in 2001, Glu is headquartered in San Francisco with additional locations in Foster City, Toronto and Hyderabad. With a history spanning over a decade, Glu’s culture is rooted in taking smart risks and fostering creativity to deliver world-class interactive experiences for our players. Glu’s diverse portfolio features top-grossing and award-winning original and licensed IP titles including, Cooking DASH, Covet Fashion, Deer Hunter, Design Home, Diner DASH Adventures, MLB Tap Sports Baseball and Kim Kardashian: Hollywood available worldwide on various platforms including the App Store and Google Play. For more information, visit www.Glu.com.
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