Tag: Mobile Gaming Companies
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Kabam’s Downfall: Talking the Talk
The growth in the numbers of technology startups valued over $1 Billion, so-called unicorns, has abruptly stopped and even reversed. In the last several months, a number of unicorns have seen their valuations marked down by mutual funds. This has been accompanied by a number of titillating articles about frivolous spending — Dropbox’s Chrome Panda sculpture — and debauchery — Zenefits’…
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Zynga: A Sleeping Dog in 4Q14
We forecast that Zynga’s 4Q14 bookings will be at the low end of guidance of around $183 million, based on App Annie revenue ranking trends. QoQ revenue growth in casino games has been wiped out by QoQ declines from its tentpole game FarmVille 2: Country Escape. While new releases Looney Tunes Dash! and New Words…
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Kabam’s IPO Plans Are Kaput
Summary Kabam is a mobile game startup with IPO aspirations and a reportedly $1 billion-plus valuation. In early December, the CEO delayed IPO plans, blaming generally unfavorable conditions for a mobile game company IPO. We show that the real reason for the delay was the disastrous performance of two of three new releases based on…
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Machine Zone: IPO or What?
Machine Zone [MZ] is a Palo Alto-based, mobile gaming start-up with a massively popular Top 3 app store hit called “Game of War: Fire Age.” [GoW] MZ describes Game of War: Fire Age as “.. a real-time mobile massively-multiplayer online game and parallel chat-speak translation application that translates over 40 languages for its players in…
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Glu Mobile Will Beat Guidance Based on App Store Data
First quarter 2014 has just closed as I write this article about GLU Mobile (GLUU), a pure play mobile gaming company. With access to daily app store revenue rankings for the past 3 months, I believe that GLU’s revenue will exceed guidance a full month ahead of its 10-Q release and conference call scheduled for…