King Digital Entertainment (KING) Tops Q2 EPS by 6c, Gross Bookings Beat

King Digital Entertainment (NYSE: KING) reported Q2 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $500 million versus the consensus estimate of $490.03 million. Reports total gross bookings of $529 million, above high end of previously provided guidance range.

King CEO Riccardo Zacconi said, "Our second quarter 2015 gross bookings exceeded the high end of our guidance range and for the third consecutive quarter, Candy Crush Saga, Candy Crush Soda Saga and Farm Heroes Saga ranked within the top 10 grossing games in the Apple App Store and Google Play Store in the U.S. These results reflect our execution on delivering new content and features in our franchise games and demonstrate the continued benefits from operating global mobile game franchises and the strength of their brands. We are also pleased to have recently launched Paradise Bay, our first resource management game, and Scrubby Dubby Saga, our first game with a slider mechanic, and look forward to introducing these fresh games to our massive player base and to players around the globe."

Outlook

The following forward-looking statement reflects King's expectations as of August 13, 2015:

Based on the timing of our game releases and recent trends, we expect gross bookings of $460 million to $485 million in third quarter 2015. Taking these factors into account as we look toward the remainder of the year, we expect gross bookings in fourth quarter 2015 to be fairly consistent sequentially.

For earnings history and earnings-related data on King Digital Entertainment (KING) click here.

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