Tag Archives: king

King Digital continues to ‘crush’ mobile game competition

All hail, the king of mobile games! King Digital Entertainment (KING) continued its reign atop the lists of highest grossing mobile video game companies in February. King was No. 1 in top-grossing games last month for Apple ‘s (AAPL) iPhone and iPad as well as Google ‘s (GOOGL) Google Play download store for Android smartphones and tablets. King was No. 1 across all platforms in January as well. London-based King had three of the top 10 titles on on all platforms with “Candy Crush,” “Candy Crush Soda Saga” and “Farm Heroes Saga.” Privately held Finnish game company Supercell was in second place and also had three of the top 10 titles with “Clash of Clans,” “Boom Beach” and “Hay Day.” Privately held Machine Zone of Palo Alto, Calif., came in third with just one game in the top 10, “Game of War: Fire Age.” Supercell and Machine Zone had competing…

‘Soda Saga’ game performs royally for King Digital

King Digital Entertainment (KING) got a fizzy lift from its “Candy Crush Soda Saga” game in the fourth quarter. The London-based mobile game publisher late Thursday delivered Q4 earnings that beat Wall Street’s expectations, giving its shares a nice pop Friday. King Digital stock was up more than 12% in midday trading on the stock market today, near 16.50. Meanwhile, rival mobile game company Zynga (ZNGA) took a dive after reporting December-quarter sales well below forecasts. Named after the co-founder’s dog, Zynga lived up to its name, falling 15% in midday trading Friday, to 2.25. King (KING) said that it had earned 57 cents a share excluding items on sales of $559 million in Q4. Analysts polled by Thomson Reuters were modeling 47 cents and $520 million. Using Generally Accepted Accounting Principles (GAAP), King’s earnings per share were 44 cents in Q4, vs. expectations for 38 cents. King also announced a…