![]() ![]() ![]() ![]() King may also be faring better than other high-profile IPOs when it comes to its financial health. Zynga had a much-ballyhooed IPO in late 2011, but the company faltered after having trouble transitioning into a mobile company from one whose games are played mostly on a desktop computer.īut Ricardo Zacconi, King's co-founder and CEO, told CNBC Wednesday morning that the company is "not just a one-hit wonder" and pointed out that it has three games in the top 10 on Facebook. King's debut has drawn comparisons to another game maker, Zynga Inc. He suggested the company may have fared better if it had gone public in September at its peak. Its current quarter wraps up Monday and he thinks investors may be anticipating another dip in revenue. He pointed to a slowdown in revenue and profit between its last two quarters as an indicator. "Candy Crush" has been immensely popular but Gaskins said it is a maturing product that consumers are growing tired of. "The history of game companies is that none of them can prove that they can consistently introduce new products to grow revenue. "It's a one-hit-wonder," said Francis Gaskins, director of research for and president of. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |