Friday, February 13, 2015

KING +17% after earnings


King Digital reported $0.57 in EPS on $559.2 million in revenue, against consensus estimates of $0.47 in EPS and $519.93 in revenue. In the same period of the previous year, it posted EPS of $0.64 and $601.4 million in revenue.


In the fourth quarter, King Digital reported a decrease of 7.2% in gross bookings to $586.3 million. For 2014 as a whole, gross bookings were up 20% to $2.4 billion.


DAUs were 149 million for the fourth quarter, compared to 124 million DAUs in the previous year. MAUs were 533 million for the fourth quarter, up from 408 million in the same period from the previous year.


Oh, and one other key difference: King announced a special dividend of $0.94 per share.


King’s quote was far shorter than Zynga’s, yet it had the oomph by saying:



Our full year and fourth quarter 2014 results demonstrate the strength of our franchises, the extraordinary power of our massive player network and our ability to repeatedly launch new top grossing games.

Read more: Zynga Breakeven vs. King Digital Earnings Beat (NASDAQ: ZNGA) (NYSE: KING) - 24/7 Wall St. http://ift.tt/1zAozlf







Submitted February 13, 2015 at 09:40AM by StockJock-e http://ift.tt/1vIdljJ

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