Gameloft Q4 Results Revealed
The publisher revealed an annual sales increase of 46%...
Gameloft today announced consolidated sales of $28 million dollars for the last quarter of 2006, up 41% compared to the same period the year previous. Full-year sales totaled $89 million, a year-over-year increase of 46%. In September the company revised its revenue target upwards to just under $89 million, with these results revealing that the new 2006 target was hit and slightly exceeded.
The company noted that in 2006 group sales evened out significantly. In 2005, Europe, North America and the rest of the world represented respectively 57%, 29% and 13% of sales. In 2006, Europe represented 43% of sales, North America 41% and the rest of the world 17%.
Gameloft launched 45 new titles in 2006 including licensed releases such as Mission Impossible III and And1 Street Ball as well as original titles, including Brain Challenge and Platinum Sudoku. Despite these product launches, Gameloft noted that the company's back catalogue accounted for 70% of total 2006 downloads.
Gameloft also released preliminary 2007 guidance, aggressively targeting $116 million to $130 million in total sales for the year. Additionally, Gameloft announced plans to release 50 titles in 2007, with Lost, Desperate Housewives, Tom Clancy's Ghost Recon Advanced Warfighter, and Real Football 2007 all slated for release in Q1 & Q2.