Gameloft Quarter 1 Sales up 14% to €44.8 Million - News

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Gameloft has reported on its first quarter sales which has increased 14 percent compared to the same quarter one year go to €44.8 Million. Its strongest sector of growth came from smartphones which saw revenue increase by 59 percent. Asia Pacific and Latin America made up 44 percent of the companies sales, while North America made up 30 percent and the rest of the world made up the other 25 percent.

"The rapid growth enjoyed by Gameloft's smartphone activity is also related to the success of the freemium and paymium models put in place twelve months ago. Gameloft's number of monthly active users currently stands at 45 million and more than half of Gameloft's smartphone revenues now derive from in-app purchases and advertising revenues."

"The huge growth of smartphone and tablet shipments around the world should continue sustaining Gameloft's growth in the coming quarters. In addition, the landmark success enjoyed by recently launched games such as Ice Age Village and Shark Dash and the acceleration of product launches should allow sales growth to increase significantly in the second quarter of 2012."

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