Gameloft Record Sales
Record Third Quarter Sales of €40.6 million
21% Growth Rate at Constant Exchange Rate
Paris (France), November 2, 2011 - Gameloft achieved consolidated sales of €40.6 million during the third quarter of 2011, up by 17% from the previous year. On a constant exchange rate basis, the third quarter growth was 21%. Europe represented 29% of the company’s sales during the quarter, North America 28% and the rest of the world 43%.
During the first nine months of 2011, Gameloft consolidated sales reached €117.4 million, up by 16% year on year. On a constant exchange rate basis, nine-month growth was 18%.
In € millions FY2011 FY2010 Variation
1st Quarter 39.5 33.0 +20%
37.4 33.6 +11%
40.6 34.7 +17%
117.4 101.3 +16%
The company’s growth accelerated during the third quarter, confirming the strong performance already achieved during the first six months of the year. This growth was driven by sales in emerging countries and by the massive success of Gameloft games on smartphones and tablets around the world. Gameloft’s third quarter sales on smartphones and tablets grew by 60% year on year and represented 34% of total sales.
The dynamism of the smartphone and tablet market, driven by the success of Apple and Android, should continue sustaining Gameloft’s growth in the upcoming quarters. Additionally, the release of new gaming platforms, such as smart TVs and next-generation set-top boxes, should provide the company with strong growth opportunities in the coming years.
Therefore, Gameloft is expecting continued top-line and bottom-line growth in 2011. The significant success enjoyed by recently launched games such as Modern Combat 3: Fallen Nation, The Adventures of Tintin and Brothers In Arms 2: Global Front Free+ should allow solid sequential growth in the fourth quarter of 2011. In the long term, the company appears to be in an ideal position to benefit from the rapid growth of the digital distribution of video games on mobile phones, tablets, next-generation set-top boxes and smart TVs.
The Group’s consolidated fourth quarter sales will be published on February 1, 2012, after the market closes.