Gameloft reports Q1 2014 earnings, sees increase in sales from free-to-play model
Mobile and social game company Gameloft has announced its earnings for Q1 2014, seeing first quarter growth of 4 percent year over year. For Q1 2014, Gameloft achieved sales of €56.2 million ($77.9 million), up from €54.2 million ($75.1 million) in Q1 2013.
The company attributes this growth to game updates released for existing Gameloft titles, which gives these apps longer lifespans. Revenue from older games such as World at Arms, Order & Chaos Online, Ice Age Village and UNO & Friends increased by over 30 percent quarter over quarter.
In the past 30 days, 160 million users played Gameloft titles on their smartphones or tablets.
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