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King booked $1.9B in 2013 revenue in 2013, with $568M in profit and 665 employees. Supercell (which sold 51% to Softbank for $1.5B in 2013) booked $892M, with $
by chaz 13y ago
King booked $1.9B in 2013 revenue in 2013, with $568M in profit and 665 employees. Supercell (which sold 51% to Softbank for $1.5B in 2013) booked $892M, with $464M EBITDA and 138 employees. Zynga booked $873M in revenue with 2,000 employees, with a $37M loss.
A lot of negativity here, but I think it could be interesting an interesting business. I wouldn't begrudge anyone who has a massive hit like Candy Crush and seeing how far the ride can go.
http://blogs.wsj.com/digits/2014/02/18/king-digital-in-ipo-filing-crushes-it-on-revenue-profit/ http://blogs.wsj.com/digits/2014/02/18/king-digital-in-ipo-f...
- JonFish85 13y agoIn my opinion (not investing advice!), they're (investors) exiting now via IPO because their brightest days are behind them. If they're raking in money without millions of shareholders, why would they IPO? They'll paint a rosy picture based on recent performance to pull in several billion dollars, cash out, and move on to the next project. Very, very few game companies make money in the long run ("long" being 5+ years).
- Consultant32452 13y agoWell they've positioned themselves well for the IPO by doing the trademark grab recently. If courts continue to allow them to assert their dominance I think they'll continue to make decent money for a while. I would agree that they're not a long game investment but I think they'll make it over 5 years.
- waylandsmithers 13y agoWhy not look for someone else to be left holding the bag when the mobile game playing public loses interest in Candy Crush? a la OMGPop/Draw Something selling to Zynga.