Glu Mobile, Inc. (NASDAQ:GLUU) Q3 2018 Earnings Conference Call Transcript

Nov 06, 2018 • 05:00 pm ET


Glu Mobile, Inc. (NASDAQ:GLUU) Q3 2018 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Q3 2018 Glu Mobile Earnings Conference Call. (Operator Instructions) As a reminder, today's conference is being recorded for replay purposes.

It is now my pleasure to turn the conference over to Harman Singh, Vice President of Finance and Investor Relations. Please go ahead.

Harman Singh

Thank you, operator. Good afternoon, everyone, and thank you for joining us on Glu Mobile's third quarter 2018 earnings conference call. On the call today are Nick Earl, President and Chief Executive Officer; and Eric Ludwig, COO and Chief Financial Officer. During this call, we will be making forward-looking statements regarding future events and the future financial performance of the company. Any forward-looking statements that we make today are based on assumptions that the company believes to be reasonable as of this date. We undertake no obligation to update these statements as a result of future events. We caution you to consider the important factors that could cause actual results to differ materially from those in the forward-looking statements, in the press release and during this conference call. These risk factors are described more fully in our documents filed with the SEC, specifically, the most recent reports on forms 10-K and 10-Q.

During this call, we will present both GAAP and non-GAAP financial measures. The non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results, and we encourage investors to consider all measures before making an investment decision. For complete information regarding our non-GAAP financial information, the most directly comparable GAAP measures and quantitative reconciliation of those figures, please refer to the supplemental presentation accompanying today's earnings call that can be accessed via our Investor website,

As a reminder, consistent with our financial presentation and for all the information aside from bookings or otherwise stated below, we will discuss results on a GAAP basis and refer you to changes in deferred revenue, the deferred cost of revenue and non-GAAP operating expenses total in our financial tables. This data will provide GAAP to non-GAAP reconciliation of the quarter's financial results based on the same methodology we've used in prior quarters. We're also providing a supplementary Excel file on our IR website to more easily aid in this reconciliation. Both the PowerPoint and Excel files are now accessible on the website. We encourage you to follow along with the slides during this earnings conference call.

And with that, I'd like to turn the call over to Nick.

Nick Earl

Hello, and thank you for joining us for Glu's third quarter 2018 earnings call. I will review highlights from our strong Q3 financial results and then provide an update on our game development plans. Eric will then discuss our Q3 results in more detail, in addition to our fourth quarter and full year outlook.

Glu continued the strong momentum established in the first half of the year as bookings reached a record level in the third quarter, along with another quarter of increased