Glu Mobile Announces Q2 2014 Financial Results, Acquires Cie Games

Glu Mobile has announced its financial results for Q2 2014, seeing non-GAAP revenues of $35 million, up 51 percent year-over-year from $23.2 million in Q2 2013. GAAP revenue was $40.9 million for the quarter, up from $24.4 million in Q2 2013.

In addition, the company has announced its acquisition of Cie Games. The developer of Racing Rivals (pictured) and Car Town has been acquired for $100 million ($30 million in cash and $70 million in common stock), with the acquisition expected to close in August.

Glu attributes the quarter’s increase in revenue, in part, to the continued success of Deer Hunter 2014 and Eternity Warriors 3, as well as early success for the company’s Kim Kardashian: Hollywood, which launched in late June.