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GLU MOBILE INC

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Feb 26, 2021. Its latest SEC filing is a 15-12B from May 10, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Develops and publishes free-to-play mobile games for smartphone and tablet players, with in-game ads and offers for advertisers.

How Did They Make Money?

Players pay through digital storefronts for virtual currency or game items; the company earns that purchase revenue over the time players have access to the items and related game services. Advertisers pay for ads shown or offers completed in the games.

FY2020 revenue

Who Were Their Customers?

Players download Glu’s games through direct-to-consumer app storefronts and buy virtual items in them; advertisers reach players through in-game ads and offers.

Did Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2020 and turned 13 cents into free cash flow.

Operating income, FY2020
4% of revenue
▲ +183% vs FY2019 ($7.2M, 2%)
Net income, FY2020
4% of revenue
▲ +130% vs FY2019 ($8.9M, 2%)
Free cash flow, FY2020
13% of revenue
▲ +131% vs FY2019 ($29.9M, 7%)

How Were They Changing?

Since the FY2020 annual report
  • Apr 29, 2021 Electronic Arts completed its acquisition of Glu Mobile Glu became a wholly owned Electronic Arts subsidiary, and its shares were delisted from Nasdaq.

Grew. Revenue grew 88% in 3 years, from $286.8M in FY2017 to $540.5M in FY2020, about 24% a year.

Who Did They Compete With?

Competes with Activision, Disney, Electronic Arts, Gameloft, Netmarble, Rovio, Stillfront, Warner Brothers, Zynga, AppLovin, Epic Games, Jam City, Miniclip, Niantic, Playrix, Pocket Gems, Scopely, Supercell, and Reworks

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