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Glu Mobile Inc. (NASDAQ: GLUU) - Fundamental Investment Case

Research

Publication Date: 05 Nov 2019 - By Vision R. By Vision R.
Actionable
Differentiated

Equity Fundamental Equity USA Telecom & Media

Glu Mobile develops and publishes mobile games based on third-party licensed brands along with its own intellectual property. Sales are concentrated among a handful of games and the United States is the largest geography at 74% of sales. Micro-transactions (i.e. in-app purchases) are over 85% of revenue, with the balance comprised of advertisements. 

Vision believes GLUU presents a compelling risk to reward opportunity with estimates calling for financial results to reaccelerate, reversing current trends and implying market share gains. Recently released and upcoming games have had struggles - the key game launching next year has been pushed back several times and is not unique in licensing or gameplay. Yet the company trades in-line with its historical NTM EV/Sales average. 

Glu Mobile Inc NASDAQ: GLUU - Fundamental Investment Case

Source: Vision Research Fundamental

Pages: 51

Released: 05 Nov 2019

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The Author

Vision R.

Telecom & Media, Technology, Industrials, Consumer

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