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Glu Mobile Inc (GLUU.OQ)

GLUU.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Glu Reports Q4 Revenue Rose 73 Pct To $80.2 Mln
Thursday, 8 Feb 2018 04:05pm EST 

Feb 8 (Reuters) - Glu Mobile Inc ::GLU REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 REVENUE ROSE 73 PERCENT TO $80.2 MILLION.Q4 BOOKINGS GROW 44% YEAR OVER YEAR TO $83.2 MILLION.QTRLY LOSS PER SHARE $0.29.SEES Q1 2018 BOOKINGS $72 MILLION TO $74 MILLION.SEES FULL YEAR 2018 BOOKINGS $325 MILLION TO $335 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.03, REVENUE VIEW $77.6 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Glu Mobile Says Co Entered Agreements Related To Divestiture Of Game Development Studio
Friday, 5 Jan 2018 04:42pm EST 

Jan 5 (Reuters) - Glu Mobile Inc ::GLU MOBILE-ON DEC. 31, 2017 CO ENTERED AGREEMENTS RELATED TO DIVESTITURE OF GAME DEVELOPMENT STUDIO THROUGH SALE OF ITS UNIT GLU MOBILE (RUSSIA) LIMITED.GLU MOBILE SAYS UNDER SHARE PURCHASE AGREEMENT ‍SABER PURCHASED ALL OF ISSUED AND OUTSTANDING SHARE CAPITAL OF CO'S UNIT - SEC FILING.GLU MOBILE-‍TOTAL CASH CONSIDERATION GLU IS RECEIVING UNDER SPA IS $2.8 MILLION PLUS AMOUNT OF CASH THAT REMAINED IN GMRL'S BANK ACCOUNTS AS OF CLOSING DATE​.GLU MOBILE INC - ‍IN ADDITION, ON DECEMBER 31, 2017, GLU ENTERED INTO AN ASSET PURCHASE AND LICENSE AGREEMENT WITH MGL​.GLU MOBILE INC - ‍PURSUANT TO APLA, GLU SOLD FOUR MOBILE GAMES (AND RELATED INTELLECTUAL PROPERTY AND OTHER RIGHTS) DEVELOPED BY MOSCOW STUDIO​.GLU MOBILE INC - ‍IN CONNECTION WITH DIVESTITURE OF MOSCOW STUDIO, GLU EXPECTS TO RECORD A NON-CASH LOSS RANGING FROM $6.4 MILLION TO $6.6 MILLION IN Q4 2017​.  Full Article

Glu Announces Sale Of Its Moscow Studio
Friday, 5 Jan 2018 04:42pm EST 

Jan 5 (Reuters) - Glu Mobile Inc ::GLU MOBILE INC - DEAL FOR APPROXIMATELY $4.5 MILLION.GLU ANNOUNCES SALE OF ITS MOSCOW STUDIO.  Full Article

Glu reports Q3 ‍loss per share $0.09​
Wednesday, 1 Nov 2017 04:05pm EDT 

Nov 1 (Reuters) - Glu Mobile Inc :Glu reports third quarter 2017 financial results.Q3 revenue $81.1 million versus I/B/E/S view $80.6 million.Glu Mobile Inc - qtrly ‍loss per share $0.09​.Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.  Full Article

Glu Mobile says committed to restructuring plan - SEC filing ‍​
Wednesday, 23 Aug 2017 05:10pm EDT 

Aug 23 (Reuters) - Glu Mobile Inc :Glu Mobile says committed to restructuring plan consisting of the elimination of 46 positions in Glu’s San Francisco & Long Beach offices - SEC filing ‍​.Glu Mobile Inc - ‍expects to incur pre-tax charges of approximately $1.5 million to $1.75 million related to restructuring plan​.Glu Mobile Inc - ‍expects to recognize substantially all of restructuring-related costs during Q3 of 2017​.‍Committed to a restructuring plan consisting of the discontinuation of all operations at Glu's Long Beach studio​.Glu Mobile - actions associated with restructuring plan are expected to be substantially completed by end of Q3 2017, fully completed by end of Q4 2017​.Glu Mobile Inc - ‍Chief technology officer of Glu, Tim Wilson's employment with the company will terminate effective September 1, 2017​.  Full Article

Glu Mobile Q2 revenue $68.7 mln versus I/B/E/S view $72.1 mln
Tuesday, 1 Aug 2017 04:05pm EDT 

Aug 1 (Reuters) - Glu Mobile Inc :Glu reports second quarter 2017 financial results.Q2 revenue $68.7 million versus I/B/E/S view $72.1 million.Glu Mobile Inc qtrly bookings of $82.5 million exceed high end of guidance; increases 62% year over year.Glu Mobile Inc - company raises 2017 full year bookings guidance to a range of $307 million to $312 million.Glu Mobile Inc sees Q3 2017 bookings $78.0 million $80.0 million.Glu Mobile Inc sees full year 2017 bookings $307.0 million to $312.0 million.  Full Article

Glu Mobile says entered multi-year agreement with WWE to develop mobile game
Tuesday, 20 Jun 2017 08:00am EDT 

June 20 (Reuters) - Glu Mobile Inc ::Glu Mobile Inc says has entered into a multi-year agreement with WWE to develop mobile game.Glu Mobile Inc says mobile games currently slated for global release in 2018.  Full Article

Glu Mobile reports Q1 loss per share $0.17
Wednesday, 3 May 2017 04:05pm EDT 

May 3 (Reuters) - Glu Mobile Inc :Glu reports first quarter 2017 financial results.Q1 revenue $56.8 million versus i/b/e/s view $53.5 million.Qtrly loss per share $0.17.Glu Mobile Inc - sees q2 bookings $71 million - $73 million.Glu Mobile Inc - sees fy bookings $280 million - $290 million.  Full Article

Glu Mobile Q4 loss per share $0.13
Wednesday, 8 Feb 2017 04:05pm EST 

Glu Mobile Inc : Glu Mobile Inc says total bookings were $57.8 million in Q4 of 2016 compared to $57.9 million in q4 of 2015 . Glu reports fourth quarter and full year 2016 financial results . Q4 loss per share $0.13 . Glu Mobile Inc says gross margin was 56 pct in Q4 of 2016 compared to 58 pct in Q4 of 2015 . Glu Mobile Inc says bookings are expected to be between $53.0 million and $55.0 million for Q1 . Q4 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S . Glu Mobile Inc says bookings are expected to be between $215.0 million and $225.0 million for 2017 .Glu Mobile Inc - total revenue was $46.3 million in Q4 of 2016 compared to $61.0 million in Q4 of 2015.  Full Article

Glu mobile cuts about 107 positions
Tuesday, 10 Jan 2017 04:53pm EST 

Glu Mobile Inc : Glu Mobile -elimination of approximately 107 positions . Committed to a restructuring plan consisting of discontinuation of all operations at Glu's Bellevue, Washington studio . Glu Mobile - expects to incur pre-tax charges of about $3.2 million to $3.5 million related to restructuring plan if contingent portion of plan is not triggered . Glu Mobile Inc- glu expects to recognize substantially all of restructuring-related costs during q1 of 2017 . Glu Mobile-expects overall headcount,research development expenses will be at about same level at end of 2017 as was before implementation of restructuring plan . Glu Mobile - will immediately begin transitioning game development, live operations for racing rivals title from co's california studio to carbonated inc . Glu Mobile - intends to add headcount in existing San Francisco Bay Area And Hyderabad, India locations to support its titles and develop additional titles . Glu Mobile - expects to incur pre-tax charges related to restructuring plan about $4.9 million to $5.4 million if contingent portion of plan is triggered . Glu Mobile says it has agreed to provide carbonated with development funding and a percentage of profits generated by racing rivals title to extent that carbonated is able to increase net revenues from the title.  Full Article

BRIEF-Glu Mobile QTRLY Loss Per Share $0.05

* COMPANY RAISES 2018 FULL YEAR BOOKINGS GUIDANCE BY $35.0 MILLION TO A RANGE OF $360.0 MILLION TO $370.0 MILLION