Thursday, February 5, 2015

Glu Mobile: Katy Perry Games Has Double The Revenue Potential


Summary

  • Glu Mobile smashed Q4 earnings estimates due to in large part to the lasting success of the Kim Kardashian game.
  • The mobile game developer signed an exclusive deal with Katy Perry to produce a game for release in late 2015.
  • Stock remains attractively priced at only $530 million with huge potential upside from the Katy Perry game due to large fan base.
Glu Mobile (NASDAQ:GLUU) announced blowout Q414 earnings along with the signing of a five-year, exclusive mobile gaming partnership with singer Katy Perry. After a year of record revenue for the mobile game developer, based mostly of the success of the Kim Kardashian game, a comparison of social media fandom between the two stars could portend a higher level of success for the Katy Perry game.

Read the full article on Seeking Alpha.


Disclosure: Long GLUU. Please review the disclaimer page for more details. 




1 comment:

Savita Bhabhi said...

Katheryn Elizabeth Hudson, famously known as Katy Perry is an American singer, songwriter and actress. My Blog