Tag Archives: king

New King Digital Games Will Relieve ‘Candy Crush’ Dip

King Digital Entertainment (KING) stock was up 15% in heavy volume in afternoon trading Monday, after the company received positive reports from two analysts. King Digital is the developer of “Candy Crush Saga” and other mobile games. JPMorgan analyst Doug Anmuth said recent and upcoming game launches by King Digital should lead to growth and revenue diversification. This month, King launched “Candy Crush Soda Saga” in Canada, Sweden, Spain and

Soda-flavored ‘Candy Crush’ sequel aims to hook users

After getting millions of people hooked on its mobile puzzle game “Candy Crush Saga,” King Digital Entertainment (KING) is preparing to start dealing a follow-up, “Candy Crush Soda Saga,” which it hopes will be just as addicting. King  (KING)  soft-launched the new smartphone game last week on Google (GOOGL) Play for Android devices in four countries: Canada, Sweden, Spain and the Netherlands. The game debuted earlier than many had expected and is forecast for a more complete rollout in the third quarter, Pacific Crest Securities analyst Evan Wilson said in a note Tuesday. A version for Apple (AAPL) iOS devices is expected in the second half of the year. The game play of “Candy Crush Soda Saga” doesn’t differ much from that of the earlier game, making it more of a “sister title” than a sequel, Wilson said. As such, “Soda” isn’t expected to drive much incremental growth in total players, he said. But it could keep the current user base happy and occupied.

King’s ‘Candy Crush’ Declining ‘Faster Than Expected’

Newly public video game maker King Digital (KING) says fewer players paid to play its games in Q1 than had during the prior three months, sending its shares lower. Paying gamers jumped 190% year over year to 11.9 million in the first quarter, but slipped from 12.2 million in Q4. The company said in a press release that the decline might be because “occasional payers” have decided not to pay anymore. Shares fell more than 13% to 16.30 in the stock