Online game maker King has had unexpected success with Candy Crush Saga. Now the company has hired J.P. Morgan according to The Wall Street Journal to prepare for an IPO. TechCrunch though has a report that says that this does not mean necessarily that King.com goes IPO. They just want to have the option. The failed IPO of Zynga is still a problem for an online game company IPO.
Social online games come and go. Draw Something was such a big hit that Zynga bought them for a lot of money and just recently they shut it down. King is going to release their next game. I guess King and investors will have a look at how well that game is going to be received. It is called Pet Rescue Saga.
King Digital Entertainment's $150M special dividend wasn't sweet enough to keep its shares from plummeting 22.7% in early trading today. The mobile game company known for its mega hit Candy Crush Saga touched a new low of $13.65, since going public in March at $22.50, after it reported softer than expected Q2 game sales and slashed its financial forecast for the rest of this year. Candy Crush numbers were especially bitter. Bookings at $361M dropped 16% from Q1. “The… ... Source: DeadlineFull article at: DeadlineAug 13 2014, 10:52am CDT
Disappointment over King Digital Entertainment’s “Candy Crush Saga” game prompts a downward revision of the company’s earnings outlook, while Macy’s and Deere are set to report their latest quarterly resul ... Source: MarketWatch
Full article at: MarketWatch
Aug 13 2014, 4:30am CDT
King, the maker of popular mobile games like Candy Crush Saga, will report earnings shortly after the closing bell Tuesday. Here's what Wall Street is expecting: EPS: $0.59 Revenue: $606 million Analysts are expecting King to meet or beat expectations when it reports its earnings, despite some concerns that Candy Crush usage is declining. But it seems that wasn't the case. King recently introduced a new game called Candy Crush Soda Saga and some other titles that peo ... Source: Business Insider
Full article at: Business Insider
Aug 12 2014, 2:56pm CDT
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