Don't Be Fooled by Glu Mobile's Recent Rise [The Motley Fool]
GLU MOBILE (GLUU)
Last glu mobile earnings: 2/5 04:02 pm
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Source: The Motley Fool
Here's why Glu Mobile's terrific revenue growth is not sustainable. Glu Mobile ( NASDAQ:GLUU ) has regained investor confidence after a tough start to the year as Wall Street seems to have taken note of the company's rapid top-line growth. The stock is up roughly 19% since the Feb. 9 drop that followed its quarterly earnings report on Feb. 8. The mobile gaming specialist has been aggressively pursuing revenue growth by striking big-name partnerships and setting up a strong portfolio of games, but this has come at a cost to margins. Can Glu get its act together and become a solid long-term pick? I don't think so. Here's why. Image Source: Getty Images. What's working for Glu Glu Mobile's business is growing rapidly. Its top line shot up 73% year over year during the fourth quarter that ended in December, driven by a 44% increase in bookings, which is the amount spent by users within games on virtual items. What's more, Glu's 2017 bookings increased 50% to
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