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Kim Kardashian helps Glu Mobile to record profits

Glu Mobile says that strong sales of mobile hit Kim Kardashian: Hollywood have helped the company achieve its strongest quarter results ever.
Glu Mobile says that strong sales of mobile hit Kim Kardashian: Hollywood have helped the company achieve its strongest quarter results ever. The Kim Kardashian game, which launched earlier this year and has since situated itself high in the top grossing mobile charts, has led to a swing to profits for the company, beating all financial expectations. Glu says that a raft of other new mobile releases, including Dino Hunter: Deadly Shores and Tap Sports: Baseball, have also helped the company to turn things around. Glu's CEO Niccolo de Masi now believes that the company will see its revenues doubled this fiscal year. For the third quarter ended September 30, 2014, Glu posted revenues of $64.8 million, up from $21.7 million year-over-year, and profits of $10.6 million, compared to losses of $8 million year-over-year.

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