King Digital Entertainment has seen a 28% fall in net profit in the recent quarter. Its net profit was affected as a result of continued decline in revenue from its three-year-old "Candy Crush Saga" game. As per reports, the company posted net profit of $119 million in the second quarter. It fell from $165 million or 52 cents a share in the same period a year ago. Reports stated that revenue declined 18% to $490 million. The company said that the lower profit coupled with the declining performance of its hit game led to the loss. But the company will continue investing in it.
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King Digital Entertainment sees 28% Fall in Net Profit
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King Digital Entertainment sees 28% Fall in Net Profit
King Digital Entertainment has seen a 28% fall in net profit in the recent quarter. Its net profit was affected as a result of continued decline in revenue from its three-year-old "Candy Crush Saga" game. As per reports, the company posted net profit of $119 million in the second quarter. It fell from $165 million or 52 cents a share in the same period a year ago. Reports stated that revenue declined 18% to $490 million. The company said that the lower profit coupled with the declining performance of its hit game led to the loss. But the company will continue investing in it.Last edited by MiniGupta; 08-17-2015, 11:35 AM.It’s better to give than to receive. Especially adviceTags: None
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The company is waiting to expand its revenue base, with new products like ‘Alphabetty Saga’. Last year, King Digital’s dependence on the ‘Candy Crush’ franchise was strengthened when the company launched ‘Candy Crush Soda’, ‘Candy Crush Saga’ game’s derivative.
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