Gameloft Record Third-Quarter Sales Of €55.4M, Up 37%
PARIS, November 5, 2012 /PRNewswire/ --
Third-Quarter Smartphone Sales Up 124%
Full-Year Sales expected over €205M in 2012
Gameloft achieved record revenues of €55.4 million in the third quarter of 2012. Growth remained very strong in the third quarter, reaching 37%. On a constant exchange rate basis, growth for the third quarter was 33%. North America represented 32% of the company's quarterly sales; EMEA, 26%; APAC, 22%; and LATAM, 19%.Over the first nine months of 2012, Gameloft achieved consolidated sales of €150.6 million, up 28% year on year. On a constant exchange rate basis, growth for the first nine months was 26%.
In million EUR 2012 2011 Variation 1st Quarter 44.8 39.5 +14% 2nd Quarter 50.4 37.4 +35% 3rd Quarter 55.4 40.6 +37% First Nine Months 150.6 117.4 +28%Third-quarter sales were driven by the massive success of Gameloft games on smartphones and tablets. Gameloft's third-quarter sales on smartphones and tablets grew by 124% year on year and represented 56% of total sales compared to only 34% in the same period in 2011. The strong acceleration of growth enjoyed by Gameloft's smartphone activity in the last two quarters is related to the success of the freemium and paymium models put in place by the company in March 2011. Gameloft's number of monthly active users currently stands at 56 million and 60% of the company's smartphone revenues derive from in-app purchases and advertising revenues. The strong growth of smartphone and tablet shipments around the world should continue to sustain Gameloft's growth in the coming quarters. In addition, the upcoming release of many new high-profile games such as Modern Combat 4: Zero Hour, Zombiewood, Heroes of Order & Chaos, My Little Pony, PLAYMOBIL Pirates, UNO™ & Friends should allow solid top-line growth in the final quarter of the year. Therefore the company now targets a little over €205 million in sales for the full year of 2012, up more than 25% year on year. The Group's fourth-quarter sales will be published on January 29, 2013, after the market closes. About Gameloft:
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