On Thursday, Shares of King Digital Entertainment PLC (NYSE:KING), lost -2.75% to $15.20.
King Digital Entertainment stated financial results for the second quarter ended June 30, 2015.
Recent Highlights
- Three King games were top 10 grossing games on both the Apple App Store and Google Play Store in the U.S. for second quarter 2015, marking the Company’s sixth successive quarter with at least three titles in the top 10 grossing games list on one or both of these major U.S. mobile platforms1
- MAUs, DAUs and average daily game plays raised year over year in second quarter 2015 driven by growth on the mobile platform
- Gross bookings from non-Candy Crush Saga2 titles raised 30% year over year to $324 million, or 61% of total gross bookings in second quarter 2015
- Launched Paradise Bay, King’s first resource administration game, on the Apple App Store and Scrubby Dubby Saga, our first slider mechanic game, on Facebook, expanding the global game portfolio to a total of 13 titles
- AlphaBetty Saga became the #1 download in the game category on both the Apple App Store and Google Play Store in the U.S. within three days of its June mobile launch
- Released “Sugar Track” extension in Candy Crush Saga, a feature which enables players to earn boosters by collecting special sugar drop candies on certain levels and ran live ops events in all franchises
- Broadened the game portfolio for the Amazon Appstore with launches of Bubble Witch 2 Saga, Candy Crush Soda Saga and AlphaBetty Saga
- Launched localized version of Paradise Bay in Japan, Korea and China simultaneously with the worldwide launch; launched localized versions of Pet Rescue Saga in Korea and China, and Pyramid Solitaire Saga in Japan
- Added 1,000th level to both Candy Crush Saga and Farm Heroes Saga
King Digital Entertainment plc, an interactive entertainment company, produces and distributes digital games on multiple platforms in the United States, the United Kingdom, Germany, and internationally.
Shares of Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA), inclined 0.98% to $51.58, during its last trading session.
Liberty Global plc, declared the publication of its 2014 Corporate Responsibility (“CR”) Report, which provides an overview of its economic, social and environmental impacts and performance. As the largest international cable company, Liberty Global remains committed to making a positive social contribution through its core cable TV and broadband business and by meeting its responsibilities to stakeholders.
Highlights of the 2014 CR Report comprise:
- Empowering young people to acquire and grow their digital skills through programs such as CoderDojo and YouRock. Liberty Global became a partner of both programs, which are part of its ‘promoting a digital society’ strategy and demonstrates its commitment to the European Commission’s Grand Coalition for Digital Jobs
- Engaging with thousands of entrepreneurs across several markets in online competitions and initiatives to support innovation in digital society. Projects comprised of Pitch to Rich in the U.K., Telenet’s Ideaslab in Belgium, Connected Health in the Netherlands and Think Big in Poland
- Ongoing to make advances in conserving energy and reducing greenhouse gas (“GHG”) emissions relative to our key measure - the amount of data traffic consumed by our customers. As contrast to 2013, the company improved its energy efficiency by 34% and its carbon efficiency by 31%
- Refurbishing 4.4 million set-top boxes and modems, avoiding about 7,200 metric tons of waste that would otherwise have ended up in landfill sites. This also resulted in a financial saving of $320 million
- Ongoing Liberty Global’s partnership with global supply chain assessment specialist EcoVadis to implement a robust approach for assessing social and environmental performance of Liberty Global’s suppliers
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally.
Finally, Tronox Ltd (NYSE:TROX), ended its last trade with -4.99% loss, and closed at $9.14.
Tronox Limited, stated second quarter 2015 revenue of $617 million contrast to $490 million in the second quarter 2014 and $385 million in the first quarter 2015. Adjusted EBITDA was $116 million, not taking into account $49 million of net lower of cost or market (LCM) charges, contrast to $103 million, not taking into account net non-cash LCM credits of $5 million, in the year-ago quarter and $73 million, not taking into account net non-cash LCM charges of $9 million, in the preceding quarter. Adjusted net loss attributable to Tronox Limited in the second quarter was $81 million, or $0.70 per diluted share, as compared to breakeven net income, or $0.00 per diluted share, in the year-ago quarter and a loss of $51 million, or $0.44 per diluted share, in the first quarter 2015.
Tom Casey, chairman and CEO of Tronox, said: “In our first quarter of operating two vertically integrated businesses, we delivered a high level of adjusted EBITDA and generated noteworthycash. Our two operating businesses, TiO2 and Alkali, generated adjusted EBITDA of $135 million in the quarter not taking into account net non-cash LCM charges. With that level of adjusted EBITDA, and after capital expenditures of $61 million, our businesses delivered $74 million of cash to the company. This quarter’s performance demonstrated our cash generation strength even under difficult market conditions in our TiO2 business. We are increasing our cash generation across the company, counting reducing our operating costs and working capital. In the second quarter, we signed a contract with a non-pigment company to sell high-quality ilmenite that we had formerly stockpiled in a transaction that will produce cash of about $35-37 million over the next six quarters. This is but one example of our heightened focus on cash generation.”
Casey concluded: “With the cash generation strength of our operating businesses, coupled with our cash generation initiatives sourced from operating cost and working capital reductions, in addition to capital expenditure reductions, we expect to generate positive free cash flow in 2016 after capital expenditures, interest expense and dividend payments. We intend to focus this cash surplus on deleveraging and providing for future growth of the company.”
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
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