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Glu Mobile Inc. (GLUU) is a publicly-traded company based in San Francisco, California. It is a leading developer and publisher of mobile games, with a portfolio of over 15 titles that include many popular brands such as “Design Home,” “Covet Fashion,” “MLB Tap Sports Baseball,” and “Kim Kardashian: Hollywood.”
Glu Mobile Inc. is listed on the NASDAQ stock exchange and its stock price has seen some volatility over the past year. As of February 2023, the company's market capitalization is around $700 million.
In terms of financial performance, Glu Mobile Inc. reported revenue of $543.9 million in 2021, representing a 12% increase from the previous year. The company's net income for 2021 was $11.0 million, compared to a net loss of $48.3 million in 2020. This resulted in earnings per share (EPS) of $0.18 for 2021.
Glu Mobile Inc. has been successful in generating revenue from a large and growing user base, with over 1.1 billion total downloads to date. The company's growth strategy focuses on developing new games, expanding its portfolio of titles, and increasing engagement and monetization of its existing players.
Glu Mobile Inc. has also been active in pursuing strategic partnerships and acquisitions, including its acquisition of Crowdstar in 2016 and its strategic partnership with Supercell in 2018. These moves have helped the company to expand its portfolio of games and strengthen its position in the mobile gaming market.
Overall, Glu Mobile Inc. has demonstrated solid financial performance and growth in recent years, driven by its strong portfolio of mobile games and its focus on expanding its user base and increasing engagement and monetization. However, as with any publicly-traded company, there are risks and uncertainties that can impact its future performance, including the highly competitive nature of the mobile gaming market and the ongoing impact of the COVID-19 pandemic on the global economy.