Gameloft's smartphone and tablet sales grow 59 percent year-over-year
Revenue grows 14 percent on the back of strong sales on smartphones and in emerging markets
Gameloft has released its financial earnings report for the first quarter of 2012. Total consolidated sales for the quarter came to EUR44.8 million ($58.9 million), up 14 percent from a EUR39.5 million ($52 million) total in 2011. Asia-Pacific (APAC) and Latin America (LATAM) represented 44 percent of Gameloft's sales for the quarter. North America followed with 30 percent, while Europe, the Middle East, and Africa (EMEA) came to 25 percent.
Sales of Gameloft titles on smartphones and tablets grew by 59 percent year-over-year, representing 40 percent of the company's total sales. Gameloft's monthly active users currently number 45 million, with more than half of smartphone revenue coming from in-app purchases and advertising revenue.
The company expects sales to continue to grow on the back of increasing smartphone and tablet shipments worldwide. Gameloft intends to accelerate its product launches in order to improve sales growth in the second quarter of 2012.
Gameloft's financial results for the second quarter will be published on July 26, 2012.