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Sales Reach €65.1 Million for the First Quarter of 2016, Representing 5% Growth at Constant-Exchange RatePARIS, April 28, 2016 /PRNewswire/ -- Gameloft, a leading digital and social game developer, releases its sales figures for the first quarter ended March 31, 2016. "The company's growth dynamic maintained satisfactory levels over the first quarter of 2016. Driven by the solid performance of sales of virtual products and the strong growth of advertising revenues, Gameloft's sales figure increased by 5% at constant-exchange rate in the first quarter of 2016," states Michel Guillemot, Gameloft CEO. "At the start of a new development cycle focused on programmatic advertising, Gameloft benefits from a new organizational structure that is profitable and centered on the efficiency and creativity of its development teams," concludes Michel Guillemot. Selected Financial Highlights and Metrics
Selected Product Highlights
On March 22, 2016, Gameloft presented its development strategy and financial outlook for 2018. The company aims to accelerate the transition from the current business model to a model combining free-to-play and advertising. To do so, Gameloft has created an internal advertising agency working in 40 markets and has connected its available inventory to 10 key players in mobile programmatic advertising. The company expects to continue expanding its network in this quarter, particularly in Asian countries. This advertising agency allows Gameloft to offer a secure, high-quality integrated platform to brands and agencies and to reach high advertising revenue per player with increasingly native formats. Gameloft is entering a new phase of profitable growth that should allow it to target the following objectives:
The sales figure for Q2 2016 will be published on July 28, 2016, after the market closes. About Gameloft A leading digital and social game publisher, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms and with an audience of 157 million monthly users offers via Gameloft Advertising Solutions a unique level of visibility and involvement to advertisers. Gameloft operates its own established franchises such as Asphalt®, Order & Chaos, Modern Combat and Dungeon Hunter and also partners with major rights holders including Universal, Illumination Entertainment, Disney®, Marvel®, Hasbro®, Fox Digital Entertainment, Mattel® and Ferrari®. Gameloft distributes its games in over 100 countries and employs 6,000 people worldwide. Gameloft is listed on NYSE Euronext Paris (NYSE Euronext: GFT.PA, Bloomberg: GFT FP, Reuters: GLFT.PA). Gameloft's sponsored Level 1 ADR (ticker: GLOFY) is traded OTC in the US. Auditing procedures on the first quarter sales figures have not been performed. This press release includes information about the objectives of the Group and forward-looking statements. These statements are sometimes identified by the use of the future or conditional tense, as well as terms such as "estimate", "believe", "have the objective of", "intend to", "expect", "result in", "should" and other similar expressions. It should be noted that the realisation of these objectives and forward-looking statements is dependent on the circumstances and facts that arise in the future. Forward-looking statements and information about objectives may be affected by known and unknown risks, uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by the Company. These factors may include changes in the economic and commercial situation, regulations and the risk factors described in Gameloft's Registration Document (§2.1.7) filed with the AMF under number D.15-0405 on April 24, 2015. This press release and the information contained herein do not constitute either an offer to sell or purchase or the solicitation of an offer to sell or purchase securities of Gameloft. The distribution of this press release in certain jurisdictions may be restricted by law. Gameloft assumes no responsibility for any violation of such restrictions by any person. For more information, consult http://www.gameloft.com SOURCE Gameloft |