King Revenue and Profits Slip, Candy Crush Saga on the Decline - News
by William D'Angelo , posted on 07 November 2014 / 5,795 ViewsCandy Crush Saga developer King has released its quarterly report. Both non-GAAP and GAAP revenue and profits have slipped. Non-GAAP revenue dropped 16 percent year-over year to $543.9 million, while Candy Crush saga dropped 23 percent to $279 million. However, King's other games saw combined revenue increase six percent quarter-over-quarter to $264 million.
King also reported GAAP revenue dropped 17 percent year-over-year to $514.4 million. GAAP profits also dropped 38 percent year-over-year to $141.7 million.
The number of monthly active users did increase slightly to 348 million users, from 345 million users. However, the number of paid payers dropped to 8.7 million users, from 10.4 million users. Though the average spent per paid user did increase by seven percent.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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YES!!!! DIE DIIIEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I can't understand why so many people like the game...
Or how millions pay for things in those games
Easy come, easy go.
Glad games like this die fast
This is just the life cycle for all mobile developers. They have one super hit game that allows them to exist, and as it slowly dies, they slowly die with it.
REALLY?? I'm so shocked. Well it's a good thing they had the IPO while the company was at it's peak, that way all the creators could cash out and the average guy gets stuck with the bag.
Faith in Humanity +2
I m wondering about the guys who suggest nintendo to go mobile!Success of a mobile game is ephemeral!Just see how many games were huge and currently no one remembers or plays them!I was obsessed with Farmville and angry birds, I don't touch them anymore...! People,someday get bored with these games unlike Home/Handheld consoles games... Zynga was hyper-successive!No longer...
It constantly posts huge losses! Farmvile had 500m players,now it has 5m...?
the market cap of this stock was as high as 7 billion dollars, consider Nintendo is around 12 billion and Sony 22 billion. Bubble anyone?
Nintendo should go mobile. That's where it's at.
I hope you're joking,
Indeed it is pal. Indeed it its.