Monday, August 31, 2009

Un Bon Résultat: Gameloft Shows Solid H1 Rev Growth & Profit

Gameloft's earnings release today, which provides more detail about their H1 2009 performance than a topline announcement last month, reveals that the French publisher is doing a commendable job adapting to the ever evolving mobile distribution paradigm, while effectively managing costs. The company grew revenues 19% over the same period last year, generated over $9mil in cash and realized its healthiest Net Income result since 2006.

Gameloft's stubborn dedication to a philosophy of developing internally and growing organically means that it hasn't bowed to the urge to buy development studios or struggling rivals...and thus may be one of the few companies in mobile entertainment that can claim to have no financial debt. It's also kept them focused on developing production and distribution capabilities for new mobile and other portable gaming (PSN, DSiWare, WiiWare, etc.) platforms. Frankly, that whole stubborn philosophy thing looks like its beginning to pay off for Gameloft's investors.

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