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Glu Mobile: Katy Perry Games Has Double The Revenue Potential

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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. 




Comments

ritu verma said…
Katheryn Elizabeth Hudson, famously known as Katy Perry is an American singer, songwriter and actress. My Blog
October 23, 2017 at 2:16 AM
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