GLU MOBILE

Global developer and publisher of freemium mobile games.

Launch date

Sep 2001

Employees

Market cap

Enterprise valuation

AUD2.2b (Public information from Jan 2021)

San Francisco California (HQ)

http://www.glu.com/

https://twitter.com/glumobile https://www.linkedin.com/company/glu-mobile/https://apps.apple.com/app/id1031706898 https://play.google.com/store/apps/details?id=com.glu.baseball17

Revenues, earnings & profits over time

USD	2017	2018	2019	2020	2021	2022	2023
Revenues	320m	385m	423m	561m	595m	625m	653m
% growth	-	20 %	10 %	33 %	6 %	5 %	4 %
EBITDA	(9.0m)	41.0m	41.0m	76.0m	88.0m	84.0m	111m
% EBITDA margin	(3 %)	11 %	10 %	14 %	15 %	13 %	17 %
Profit	(97.0m)	13.0m	8.0m	20.0m	54.0m	65.0m	-
% profit margin	(30 %)	3 %	2 %	4 %	9 %	10 %	-
EV / revenue	1.6x	3.0x	1.8x	2.1x	-	3.5x	-
EV / EBITDA	-55.4x	28.2x	18.4x	15.6x	-	26.2x	-
R&D budget	88.0m	91.3m	94.6m	-	-	-	-
R&D % of revenue	28 %	24 %	22 %	-	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Mar 2002	N/A	N/A	Series A
May 2003	New Enterprise Associates	$4.8m	Series B
Jul 2004	Scale Venture Partners New Enterprise Associates Globespan Capital Partners	$20.0m	Series C
Apr 2005	Notable Capital Time Warner	$27.7m	Series D
Mar 2007	N/A	$84.0m Valuation: $327m	IPO
Jul 2010	Scale Venture Partners New Enterprise Associates Notable Capital Stephens Investment Management	$13.0m	Post IPO Equity
Sep 2010	N/A	$10.1m	Post IPO Equity
Jun 2014	N/A	$34.5m	Post IPO Equity
Apr 2015	Tencent	$126m	Post IPO Equity
Feb 2016	Tencent	$23.7m	Post IPO Equity
Jun 2020*	N/A	$160m	POST IPO SECONDARY
Feb 2021	Electronic Arts	$2.1b	Acquisition
Total Funding		AUD81.1m

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by GLU MOBILE Nov 2016

ACQUISITION by GLU MOBILE Dec 2016

ACQUISITION by GLU MOBILE Jul 2014

ACQUISITION by GLU MOBILE Nov 2007

ACQUISITION by GLU MOBILE May 2014

ACQUISITION by GLU MOBILE Aug 2012

ACQUISITION by GLU MOBILE Apr 2006

ACQUISITION by GLU MOBILE Aug 2011