Gameloft's 2007 results

French mobile game developer Gameloft (EPA:GFT) announced details of the company's sales results for Q4 2007 and for all of 2007. For the quarter, Gameloft had sales of EUR25.8 million, up 19% from the previous year. Full year sales increased by 40% compared to 2006, reaching EUR96.1 million.

The sales of downloadable games, which are the company's core business, reached EUR90.2 million during 2007, a 45% increase over 2006.

Europe represented 44% of sales for full-year 2007, North America 34% and the rest of the world 22%. The sharpest growth took place in the rest of the world, up 86%.

"The market shares gained by the company in 2007 are due to the strong performance of Gameloft's back catalog, which continued to account for more than 70% of the Company's downloads, and also investments in R&D made in 2007," said a Gameloft representative. "These investments allowed us to release more games than our competitors on more handsets across more countries. To date, Gameloft's catalogue includes 200 mobile games adapted to over 1,200 different handsets and sold in over 80 countries via direct distribution agreements signed with more than 180 carriers."

Gameloft is the biggest "pureplay" mobile game publisher in the world, and they are either #2 or #3 in market share for mobile games worldwide behind Electonic Arts (NASDAQ: ERTS).

Glu Mobile (NASDAQ:GLUU), the other #2 or #3 in market share, will issue its earnings release for the fourth quarter and year ended December 31, 2007 after the market close on Monday, February 11, 2008.