Mobile: Gameloft Publishes Q3 Results

Author: by Scott Armstrong, Modojo.com

Major mobile publisher/developer Gameloft (Midnight Pool, Lumines, Mission Impossible III) has announced that it has generated consolidated sales of 16.1M euros ($20.5 million) in the third quarter of 2006, up by 47% compared with 2005. Over the first nine months of 2006, sales reached 46.7 million euros ($59.4 million), showing an increase of 49%. No overall profit or loss information was stated for the French-headquartered company, which is not required to provide this information quarterly. The company, which also publishes titles such as Asphalt: Urban GT 2, And1 Street Ball and Paris Hilton's Diamond Quest, has a number of cellphone game releases planned for the upcoming fourth quarter, including Rayman Raving Rabbids, Asphalt 3: Street Rules, Tennis Open 2007, and Open Season. Mobile gaming generated 98% of the company's sales during the first nine months of the year, an increase of 52% compared with the same period in 2005. Within the mobile games activity, the sale of downloadable games, which are the company's core business and account for 91% sales, has increased by 85% over the first nine months of the financial year. North America has become Gameloft's major source of revenue, accounting for 44% of the company's sales during the third quarter of 2006, compared with 38% in Europe and 18% in the rest of the world, mainly Asia and South America. Over the first nine months of 2006, Europe accounted for 42% of the Group's sales, North America 41% and the rest of the world 17%.