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'Candy Crush' maker King Digital's bookings beat estimates
May 14, 2015 / 8:12 PM / 3 years ago

'Candy Crush' maker King Digital's bookings beat estimates

May 14(Reuters) - King Digital Entertainment Plc, a maker of games for social media platforms and mobile devices, reported better-than-expected gross quarterly bookings, helped by the success of “Candy Crush Soda Saga”.

Total gross bookings, an indicator of future revenue, rose 3.1 percent to $604.5 million in the first quarter ended March 31 compared with the fourth quarter of 2014.

Analysts on average had expected bookings of $589.7 million, according to market research firm Factset StreetAccount.

Net income rose to $164.1 million, or 51 cents per share, from $127.2 million, or 41 cents per share, a year earlier.

Revenue fell 6.1 percent to $569.5 million. (Reporting by Subrat Patnaik in Bengaluru; Editing by Simon Jennings)

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