Tag Archives: king

King Digital Stock Falls As Q2 Bookings View Misses

King Digital Entertainment (KING), developer of the “Candy Crush” line of online video games, reported first-quarter earnings that beat views but gave a Q2 outlook that fell short of some estimates. The recent IPO earned 61 cents a share excluding items, the same as a year ago but beating the consensus estimate of 53 cents, as polled by Thomson Reuters. Revenue fell 6% to $570 million, above the consensus estimate of $563.4 million. King, based on

64% of mobile game revenue is from 0.23% of players

The freemium mobile game model remains very dependent on a tiny sliver of users for a majority of revenue, according to a new report, with just 0.23% of players accounting for 64% of total revenue. Mobile games, including King Digital Entertainment’s (KING) “Candy Crush Saga” and SuperCell’s “Clash of Clans,” make their money off of optional in-game purchases offering more turns, more weapons, etc. that give players an extra advantage. Thursday’s

King Digital ‘Candy Crush’ Franchise Sparks Upgrade

King Digital Entertainment (KING) should get a boost from five new game launches amid strength in the core “Candy Crush” franchise, says JPMorgan Chase, which upgraded the stock. Doug Anmuth, a JPMorgan analyst, on Monday upgraded the stock to overweight from neutral and set a price target of 20. King Digital stock was up more than 2.5% in midday trading in the stock market today, above 15. While some analysts have questioned King’s future beyond