Glu Mobile has posted buoyant Q207 financials, with revenues up 43 per cent year-on-year.
In addition to revenues of $16.4 million, the US-based mobile games publisher also managed to stem its losses to $898,000 from $2.7 million in 2Q06.Glu's says its top ten titles represented approximately 53 per cent of revenue in the quarter, which was down from 62 per cent in 2Q06.
The average revenue per top ten title was $873,000, an increase of 23 per cent compared to $710,000 in 2Q06. New titles released in 2Q07 included Transformers, World Series of PokerPro Challenge and My Hangman.
Revenue for the six month period ended June 30, 2007 was $32.1 million, or 64 per cent up on the six months to 2Q06.
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