King Digital Is Still Crushing The Market


Mobile game maker King Digital Entertainment's quarterly revenue and profit handily beat market estimates as newer games such as Candy Crush Soda Saga more than made up for the declining popularity of older titles.

King Digital, whose shares jumped 18% in extended trading yesterday, also said it would buy Seattle-based game developer Z2Live.

Total gross bookings, an indicator of future revenue, increased 8% to $586 million in the fourth quarter ended 31 December from the third quarter 2014.

Analysts on average had expected bookings of $541.4 million, according to market research firm StreetAccount.

Candy Crush Saga, a free game that makes money by selling virtual items to gamers who move candies to line up at least three of the same color, accounted for about 45% of the bookings.

Bookings from the game, however, declined from a quarter ago.

Candy Crush Soda Saga, a sister title of the original, also follows a similar match-three format.


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