Gameloft: Record Third Quarter Sales

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Almost everyone seems to have rapidly expanding sales these days in gaming. Here’s yet another report of just that.

Gameloft achieved consolidated sales of EUR34.7 million during the third quarter of 2010, up by 15% from the previous year. Europe represented 32.6% of the company’s sales during the quarter, North America 31.9% and the rest of the world 35.5%.

During the first nine months of 2010, Gameloft consolidated sales reached EUR101.3 million, up by 12% year on year. On a constant exchange rate basis, nine month growth was 10%.

    In EUR millions           2010          2009      Variation
    1st quarter               33.0          30.8         +7%
    2nd quarter               33.6          29.3        +15%
    3rd quarter               34.7          30.1        +15%
    9-month total            101.3          90.2        +12%

The company’s performance during the third quarter was very strong and confirms the steady growth experienced during the previous quarter. This was driven by sales in emerging countries and by the massive success of Smartphone devices around the world. In particular, Gameloft has seen its sales on iPhone and iPad grow by 80% during the first nine months of 2010. The company has positioned itself as a leading game publisher on Apple’s AppStore since launch.

Recent and future releases of high-performance Smartphones from such companies as Apple, Samsung, Nokia and Google should continue sustaining Gameloft’s growth in the upcoming quarters. Additionally, the release of new devices suited for video games, such as Apple’s iPad or Samsung’s Galaxy Tab, should allow Gameloft to continue its diversification on other platforms and provides the company with interesting relays for growth.

Therefore, Gameloft is expecting continued revenue and profitability growth in 2010. In the long term, the company appears in an ideal position to benefit from the rapid emergence of the digital distribution of video games on mobile phones, tablets, TVs, consoles and from the major technological innovations brought to the market.

The Group’s consolidated fourth quarter sales will be published on 31 January 2011 after the market closes.

In : PC

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