Glu Mobile Earnings: Here’s Why the Stock is Falling Now

Glu Mobile, Inc. (NASDAQ:GLUU) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.65%.

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Glu Mobile, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $-0.01 in the year-earlier quarter.

Revenue: Decreased 11.79% to $19 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Glu Mobile, Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $18.03 million.

Quoting Management: “We were pleased with the monetization milestones delivered during the quarter in a number of both new and existing titles,” stated Niccolo de Masi, Chief Executive Officer of Glu. “We anticipate further monetization and retention traction as we continue to evolve our studio and begin to launch true games-as-a-service.”

Key Stats (on next page)…

Revenue decreased 9.44% from $20.98 million in the previous quarter. EPS increased to $-0.03 in the quarter versus EPS of $-0.05 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from $0 to a loss $0.04. For the current year, the average estimate has moved down from $0 to a loss of $0.11 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]