King Digital Entertainment’s Profit Down – WSJ

Posted by Social Media | Aug 13, 2015 | Coconut Grove | 0 |

King Digital Entertainment’s Profit Down – WSJ

STOCKHOLM— King Digital Entertainment PLC posted a 28% drop in net profit in the most recent quarter, as revenue from its three-year-old “Candy Crush Saga” game continued to decline.

The Swedish company reported net profit of $119 million, or 38 cents per share in the second quarter, down from $165 million, or 52 cents a share in the same period a year earlier. Revenue fell 18% to $490 million.

Source: www.wsj.com

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