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Monday, October 29, 2007 

Gameloft third quarter financial results

Gameloft has released it's third quarter financial results showing a 51% growth in sales over the first 9 months of 2007, standing at € 70.2 million. The third quarter had a all time high revenue of € 24.4 million.

The thirds quarter last year brought Gameloft € 16.1 million in revenue, meaning the revenue has grown 51% year-on-year. Of the € 24.4 million, mobile game downloads represented € 23.2 million in revenue. The mobile game downloads have grown 58% year-on-year.

Europe remains the primary mobile games market for Gameloft as it generated 44% of the revenue. North America follows at 35% of the revenue. The remaining 21% is spread over the other global markets. The strongest growth has actually been outside of Europe and North America as the other markets grew 82%.

Gameloft expects a really good fourth quarter with the holidays in mind. Gameloft will release in total 25 new mobile games during the fourth quarter in order to increase revenue even more. The new games include Heroes, CSI Miami and a new title in the Prince of Persia line.

Gameloft has yet again topped up the 2007 outlook. The company has now set their sales target at € 100 million.


Pedro "K2" Macêdo

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