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Gameloft Publishes Q3 Results
Written by Scott Armstrong on Monday, October 30, 2006
North America contributed as the main source of revenue
Gameloft announced that it has generated consolidated sales of 16.1M euros in the third quarter of 2006, up by 47% compared with 2005. Over the first nine months of 2006, sales reached 46.7 millions euros, showing an increase of 49%.
Mobile gaming generated 98% of the company's sales during the first nine months of the year, an increase of 52% compared with the same period in 2005. Within the mobile games activity, the sale of downloadable games, which are the company's core business and account for 91% sales, has increased by 85% over the first nine months of the financial year.
North America has become Gameloft's major source of revenues, accounting for 44% of the company's sales during the third quarter of 2006, compared with 38% in Europe and 18% in the rest of the world, mainly Asia and South America. Over the first nine months of 2006, Europe accounted for 42% of the Group's sales, North America 41% and the rest of the world 17%.
The company has a number of releases planned for the end of year period with titles such as Rayman Raving Rabbids, Asphalt 3: Street Rules, Tennis Open 2007, and Open Season available between October and December.
