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Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming

Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming
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5 Reasons Electronic Arts Is Buying Glu Mobile


Author Bio
On the heels of a $1.2 billion deal to buy U.K.-based
Codemasters (announced in late 2020), 
Electronic Arts (NASDAQ:EA) is scooping up one of the leading mobile game developers in the world. 
Here are five charts that illustrate why Electronic Arts is spending $2.1 billion to buy
1. Accelerating mobile growth
Over the last decade, EA used acquisitions to build a diversified mobile portfolio, which currently makes up 13% of total bookings. It has dozens of mobile titles, including older hits like
Plants vs. Zombies alongside mobile versions of EA Sports titles such as
FIFA Mobile.
Image source: Getty Images. ....

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Glu Reports Fourth Quarter and Full Year 2020 Financial Results – Consumer Electronics Net


2 months ago
Fourth quarter revenue up 25% year over year to $141.4 million; bookings grow 15% year over year to $124.8 million
Full year 2020 revenue up 31% to $540.5 million; bookings reach record $560.6 million, up 32% year over year
Fourth quarter record GAAP net income of $23.9 million; $20.4 million for the full year
Fourth quarter GAAP diluted earnings per share of $0.13; $0.12 for the full year
Fourth quarter free cash flow of $46.2 million; full year 2020 free cash flow of $69.0 million up 132% year over year
SAN FRANCISCO–(BUSINESS WIRE)–Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games, today announced financial results for its fourth quarter and full year ended December 31, 2020. ....

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