Glu Mobile: This Growth Stock Is Taking Off in 2020 [The Motley Fool]
GLU MOBILE (GLUU)
Last glu mobile earnings: 2/5 04:02 pm
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Source: The Motley Fool
Glu Mobile ( NASDAQ:GLUU could be a winner Revenue was up growth stock Image source: Getty Images. Glu Mobile is set up for success in 00 Glu Mobile is guiding for bookings between $ million and $ million this year. Though the range is close to what the company generated in 09, investors should note that management hasn't included any potential contribution from the new games that are set to launch in 00. This means that Glu is confident it can deliver a modest performance this year even without new games. But more importantly, the company believes that its existing portfolio of titles can deliver growth in 00 at a lower cost base. The company projects user acquisition and marketing expenses of about $0 million this year at the midpoint of its guidance range. That's lower than the actual expense of $8 million incurred for this line item last year. So don't be surprised to see Glu Mobile deliver an improved earnings performance in 00 as it counts on the continued success of its three c
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