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Candy Crash
Who could have seen that coming? Oh apart from all the 14 analysts that cover it (9 Buys, 5 holds). KING is down 25% after hours, at record lows after missing on revenues, gross bookings, and active users and slashing outlook:
- *KING 2Q REV. $593.6M, EST. $605.7M
- *KING CUTS OUTLOOK FOR YEAR '14 GROWTH RATES
In a desperate attempt to save the stock price they announced a huge $150 million (46.9c per share) special dividend...but it's not working.
Oops...
Don;t worry these guys have your back...
The data:
- King Digital 2Q adj. EPS 59c, est. 59c.
- 2Q rev. $593.6m, est. $605.7m
- Gross bookings $611.1m vs $641m q/q; says q/q decrease in gross bookings due to lower gross bookings from
- Candy Crush Saga
- Sees 3Q gross bookings $500m-$525m; sees q/q bookings growth in 4Q
- Sees year gross bookings $2.25b-$2.35b
- 2Q monthly active users up 1% q/q to 485m; daily active users down 3% q/q to 138m
Charts: Bloomberg
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What a saga.
Candy Crushed
Does this mean I wont get 12 annoying game requests from my half retarded cousin on facebook every hour?
Actually it probably means you will get 36
Slight PE problem
That mobile ad is on ZH btw....I fucking hate it and the others
Make this a paid site please!
AdBlock Plus or AdBlock Edge - work like a charm.
I'm going to get out my Pet Rock and polish it, and fire up the old SEGA.
lol!
Hail to the KING, baby!
The KING is dead. Long live the KING.
King cobra, king kong. Donkey kong. Kongo
What are you waiting for, Christmas?
Nobody could have seen that coming.
Well, accept for you and me maybe....
http://www.zerohedge.com/news/2014-03-26/candy-crush-maker-ipo-opens-ugl...
Lol..... That's funny. Did you see nodebt's comment in that thread?
Yep....I'm so glad we get to have fun with this again....I was laughing my ass off that day.
I was laughing at mine actually. We're well beyond the lipstick phase looks like the bacon ain't going over too well either.
They advertise some new game down here all the time...a witch thing..and its a terrible add.....it does not make sense at all....
LOL
"Candy Says, I've come to hate my stock price . . ."
What I find shocking is the $600m posted revenue. I was expecting a dollar.
If it was considered 'outperform' and 'overweight' before, imagine how much gooder it will be now that it has lost a few pounds.
"Even more better" FTFY
Special dividend?
They're supposed to lever up and announce a repurchase program equal to half the company.
Amateurs.
The F-1 reads like an F-U
You get what you deserve when you listen to an ANALyst
I think it is highly probable that these games are used to identify those who need to be culled.
Anyone who spends hours joining up groups of coloured blobs using a machine which is an order of magnitude or two more powerful than the computer that landed men on the moon needs to be thrown in a ditch.
We built the internet to join up dots.... come on guys.
It's not all well in Candy Land.
Why would they have a special dividend within a year of going public? What the hell is wrong with them? Why don't they just admit that they are no longer entertaining and pull a Robin Williams?
doesnt this company make one popular game? one? its like putting the knack in the rock and roll hall of fame because they hit big with my sharona........................
Hey - I know - let's do an IPO and then pay some of the money straight back via a dividend!
I'm sure the underwriters, and other assorted investment bank leeches will be more than happy to refund their fees on this portion of it...
Finally, some sanity restored in the market. Should have loaded the truck with puts on this fat pig the past few days.
Hind-sight is always 20/20. Fore-sight, is always a fog.
The biggest travesty was they were allowed to IPO and made the sacks of shit running the company millions of dollars.
The company copies a game that has been out for years, tries to trademark the word candy, and still gets called a successful business.
A whole generation of 'gamers' who can't throw a ball 10 feet and have a real street smarts IQ of a turnip.
That's nothing. How is Facebook worth $190 billion? It has a declining user base.