Glu Mobile Inc. (NASDAQ:GLUU) had a great day Friday. GLUU took a nice 10 cent jump in price and held it throughout the day. The mobile game company released news that Design Home recently reached 1M users. This is good news for the company.
“Since launch, Design Home has captivated a large, global audience, many of whom don’t normally consider themselves traditional gamers,” said Nick Earl, Glu’s President & CEO.
“We’ve invested significantly in building the user base for this title and we’re delighted to be seeing the return on that investment. I’m incredibly proud of the highly engaging content our team continues to deliver for players and look forward to Design Home’s continued success.”
Glu Mobile Inc. (NASDAQ:GLUU) trumpets itself as a Company that develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, celebrity, sports, and simulation genre mobile games.
It creates games based on its own brands, including Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, Tap Sports Baseball, and Tap Sports Football.
The company also creates games based on third-party licensed brands, such as Kim Kardashian: Hollywood, Kendall and Kylie, Katy Perry Pop, James Bond: World of Espionage, Mission Impossible: Rogue Nation, and Sniper X With Jason Statham.
Glu Mobile Inc. markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide.
The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.
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Design Home has achieved remarkable success, having generated more than 25.5 million downloads and $41.4 million in bookings through the end of the second quarter of 2017.
According to the company, Design Home is an interactive platform that brings design dreams to life with a competitive twist! Users have the opportunity to decorate living rooms, dining rooms, bedrooms and outdoor spaces with thousands of furniture and home décor items from today’s leading brands. New challenges are available daily, set against stunning interior spaces from around the world. Design beautiful, unique interiors in this visually stunning 3D experience.
GLUU’s Design Home has achieved rankings of #1 Top Free and #17 Top Grossing game in the U.S. App Store for iPhone. Additionally, Design Home has reached #1 Top Free and #23 Top Grossing game in the U.S. Google Play Store.
Glu Mobile Inc. (NASDAQ:GLUU) is a company we frequently have our eye on because you never know when they are going to run into a hit. Mobile games can run up the charts cause a frenzy and then fade. It would be best for investors to be paying attention to the most downloaded charts during times they are interested in buying GLUU. The stock now has a market cap of 494.26M with 135.42M shares outstanding. Stay tuned as we will be proving updates on the recent moves for GLUU. For continuing coverage on shares of $GLUU stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: We hold no position in $GLUU, either long or short, and we have not been compensated for this article.