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Gameloft Releases 3rd Quarter Sales for 2011, $55 Million USD Made!
Gameloft, a leading developer of iOS games and more, has achieved consolidated sales of €40.6 million (~$55 Million USD) during the third quarter of 2011, up by 17% from the previous year. On a constant exchange rate basis, the third quarter growth was 21%. Europe represented 29% of the company’s sales during the quarter, North America 28% and the rest of the world 43%. During the first nine months of 2011, Gameloft consolidated sales reached €117.4 million, up by 16% year on year. On a constant exchange rate basis, nine-month growth was 18%. In € millions FY2011 FY2010 Variation 1st Quarter 39.5 (~$53 USD) 33.0 +20% 2nd Quarter 37.4 (~$51 USD) 33.6 +11% 3rd Quarter 40.6 (~$55 USD) 34.7 +17% 9-Month Total 117.4 101.3 +16% The company’s growth accelerated during the third quarter, confirming the strong performance already achieved during the first six months of the year. This growth was driven by sales in emerging countries and by the massive success of Gameloft games on smartphones and tablets around the world. Gameloft’s third quarter sales on smartphones and tablets grew by 60% year on year and represented 34% of total sales. Additional highlights include: The dynamism of the smartphone and tablet market, driven by the success of Apple and Android, should continue sustaining Gameloft's growth in the upcoming quarters. The release of new gaming platforms, such as smart TVs and next-generation set-top boxes, should provide the company with strong growth opportunities in the coming years. Successful games for Q3, and that are also expected to continue to gain momentum throughout Q4 and beyond, include Modern Combat 3: Fallen Nation, The Adventures of Tintin and Brothers In Arms 2: Global Front Free+. The dynamism of the smartphone and tablet market, driven by the success of Apple and Android, should continue sustaining Gameloft's growth in the upcoming quarters. Additionally, the release of new gaming platforms, such as smart TVs and next-generation set-top boxes, should provide the company with strong growth opportunities in the coming years. Therefore, Gameloft is expecting continued top-line and bottom-line growth in 2011. The significant success enjoyed by recently launched games such as Modern Combat 3: Fallen Nation, The Adventures of Tintin and Brothers In Arms 2: Global Front Free+ should allow solid sequential growth in the fourth quarter of 2011. In the long-term, the company appears to be in an ideal position to benefit from the rapid growth of the digital distribution of video games on mobile phones, tablets, next-generation set-top boxes and smart TVs. About Gameloft A leading global publisher of digital and social games, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms, including mobile phones, smartphones and tablets (including Apple® iOS and Android® devices), set-top boxes, connected TVs and consoles. Gameloft partners with leading international brands such as UNO®, Spider-Man®, James Cameron’s Avatar™, Ferrari® and Sonic Unleashed®. Gameloft also operates its own established franchises, such as Real Football, Asphalt™, Modern Combat 3: Fallen Nation and N.O.V.A Near Orbit Vanguard Alliance®. Gameloft is present in all continents, distributes its games in 100 countries and employs over 4,000 developers.