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moncler coats for cheap Sign in / Join NowGood day, ladies and gentlemen, and welcome to the Third Quarter 2017 Glu Mobile Earnings Conference Call. At this time all participants are in a listen only moncler womens jackets mode. Later, we will conduct a question and moncler outlet prices answer session and instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded.I would now like to turn the call over to. Bob Jones, Investor Relations.Thank you, Andrew. Good afternoon, everyone, and thank you for joining us on the Glu Mobile third quarter 2017 financial results conference call. On the call today are Nick Earl, President and Chief Executive Officer; and Eric Ludwig, COO and Chief Financial Officer.During the course of this call, we will be making forward looking moncler outlet online 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 we believe to be reasonable as of this date. We moncler outlet sale 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 cheap moncler jackets during this conference call. These risk factors are described more fully in our documents filed with the SEC, specifically the most recent reports on cheap moncler jackets mens Form 10 K moncler online store and Form 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 our GAAP results, and we encourage investors to consider all measures before making an investment decision.In order to comply with SEC guidance on the use of non GAAP financial measures, we have changed the way we present and discuss certain uk moncler sale non GAAP financial measures. Specifically, we no longer adjust for the change in deferred revenue when arriving at our non GAAP measures. However, we will provide the change in deferred revenue and deferred cost of revenue information so that investors can calculate our non GAAP results based on the same methodology we have used in prior quarters.Lastly, our supplemental presentation that can be accessed via our investor website has been updated to mirror the order of our prepared remarks. We encourage investors to follow along with the slides during this earnings call.And with that, I’d now like to turn the call over to Glu’s CEO, Nick Earl.Thanks, Bob. Good afternoon to everyone. On today’s call, I will review highlights of the quarter and provide an update on our growth strategy. Eric will then provide a more detailed discussion of the quarter’s financial performance as well as our guidance for the fourth quarter and full year 2017. Today marks my one year anniversary as CEO of Glu. I’m delighted to say that our year to date performance has progressed better than we expected and 2017 is shaping up to be a moncler usa record year. Our strong third quarter represents a record bookings quarter and underscores the progress we’ve made in creating a culture of creativity, operational excellence and financial discipline in this transformative year. We posted our fifth consecutive quarter of better than expected top line growth, driven by strong financial contribution from Design Home, MLB TAP Sports Baseball ’17 and several of our key evergreen titles. Bookings increased to $85.7 million, above the high end of moncler jacket our guidance of $78 million to $80 million and a 67% increase over last year’s third quarter, as well as an increase over the prior quarter’s booking of $82.5 million. It’s worth nothing that there were new launches in the third quarter; we continue to drive the strong top line performance completely from our live portfolio. Our effective user acquisitions investments and our strategic approach live operations and our growth in evergreen titles combined with the strong bookings increase led to improved bottom line performance in the quarter and we remain on track to meet our primary financial goal of returning to Adjusted EBITDA profitability beginning in the first quarter of 2018.I’ll dive into new quarter now starting with an update on Design Home. We are continued to execute well on moncler outlet our plans to maximize this title’s potential as we close out the year and enter 2018. Booking have increased significantly moncler sale online since we acquired Crowdstar a year ago we believe Design Home continues cheap moncler jackets womens to represent a significant growth opportunity in terms of booking and adjusted EBITDA Design Home moncler outlet store have delivered outstanding growth quarter over quarter, the top grossing mobile games need to continuously delivery feature set enhancement in order to grow LTV. For Design Home, these upgrades will include deepening and strengthening the meta game, providing users with the reasons to keep coming back. Another area of focus will be introducing augment and reality that will create a more in depth and interactive experience. We also intend to customizing game to specific global geographic locations which would expand addressable market and are considering introducing e commerce capabilities.We look forward to sharing more on this strategy as we formalize our growth plans for 2018 because we think about Design Home’s longer term potential it’s clear that the game has risen beyond arranging home furnishing and is now becoming a lifestyle app that appeals to a large, engaged and loyal audience.Moving on to our evergreen games. We are successful in Q3 in implementing our live ops strategy by updating our game with new features and content with the objective to continually reenergizing these games and lengthening their revenue tail. For example, our live ops strategy around Covet Fashion has maintained the game with the top of our list of evergreen titles in terms of bookings. Importantly, we believe Covet still has growth potential. Our creative team has done an exceptional job introducing game updates, new features and new modes of the title helping it achieve more than $9 million in bookings in the quarter.Design Home and Covet Fashion two titles that highlight what we see as terrific opportunity in the home and fashion genres. These are large and underserved market and the area that we have been able tap into with these key titles. Elsewhere in evergreen portfolio, Kim Kardashian Hollywood which enjoys its three year anniversary in June, delivered another strong quarter with booking up sequentially as a result of new features, generating sequential growth in mature game, from mature game is another strong proof point that our evergreen live ops strategy is working.Earlier this year I outlined three pillars of our growth strategy, that will serve as a foundation for our efforts to create strong bookings growth, sustainable adjusted EBITDA profitability and increase shareholders value over time. We pivoted from celebrity based model to a creative driven approach led by experienced and accomplished mobile game developers. We continue to innovate cheap moncler coats mens our evergreen title by applying live ops strategy. We also completely revamp our green light processes and instituted rapid prototyping with smaller teams, greater creativity, and blue ocean opportunities and significantly lower upfront cost.As a result, we are making smarter investment decision driven by data analysis and beta performance before committing cheap moncler sale large dollars to a project. The third pillar is cost control, which we believe will lead to greater efficiency and operating leverages as the top line grow. We still have some work to do but we’ve made https://www.moncler-jacket-outlet.com tremendous progress with studio consolidation and expense reduction. Over the next few months we will finalize our restructuring plan and we remain committed to entering 2018 with a clean slate and significant runway for profitable growth which we expect to occur beginning in the first quarter of 2018.Beyond IAP revenue, we believe moncler sale outlet we have also begun to uk moncler outlet scratch the surface of what we potentially going to accomplish from an advertising perspective, we see this is a core competency in the area of business that we believe can expand from current levels. Ultimately it’s a high margin revenue stream that can add incrementally to our top and bottom lines.Overall, we feel good about the execution on our strategy to date. And believe the foundation is now in place to potentially create Top 10 grossing games and apps, stock revenue and produce repeatable bookings over the long term. As reported in our October 11 press release, the Swift Life, an app in partnership with Grammy award winning artist Taylor Swift is now in beta, checking up the first box in the process of getting the game ready for expected worldwide launch by the end of this best moncler jackets year. For those of who haven’t seen this app is an innovative and clear departure from typically celebrity games. It’s fully curated social network for Taylor and her millions of fans to share updates, new content, news and stories. While it’s still early in the beta testing process and the two territories represent a small sample size, we are very encouraged with the high engagement, solid early retention and nearly perfectly five star rating we’ve seen so far which tells us the Taylor fans like the presentation and design.We will continue to watch look long term engagement, retention and monetization closely as we add to the beta audiences. Once we launch worldwide we will be able determine retention and monetization for a fully scale of audience. We are just in the infancy of the potential of this app but we are very much look forward to growing into something truly meaningful, expect more detail on our next call.We continue to anticipate three or four launches in 2018 in addition to releasing an update to our very successful MLB Tap Sports Baseball franchise in time for next year’s baseball season. Our WWE title is progressing well and moving into the next phase of production with a preliminary target launch in mid year 2018. We’ve decided to delay Last Day Alive until the first quarter of 2018 in order to get team more time to work on certain enhancement that we expect will maximize the game’s potential.A year ago I set a high bar for game teams to achieve in order to launch a title globally, this new approach led us to kill ultimate Chef and Car Town Racing after beta and is designed to keep us disciplined in demanding that new title hit our hurdles and achieve the quality we are looking for before we turn them live worldwide.Looking beyond next year, we have a very active pipeline of games that are moving to our rapid prototyping and green light process. We moncler uk outlet have created an internal three year plan with a goal of delivery new games that have potential to become growth games and blockbuster hit. Our new launches will emphasis social interaction, deep data, live event and enhance content all features which moncler sale will drive higher engagement and create greater opportunity to increase monetization.We are very pleased to report that after a rigorous prototyping process we’ve green lit Mike Olsen’s team’s first game partnering with top tier entertainment brand. We are really excited to see this title make the cut in our prototyping program.In summary, we are on track for terrific year of growth in 2017 that we believe puts us in a door step of returning Glu to consistent moncler outlet woodbury adjusted EBITDA profitability beginning in 2018. I’d like to share our year to date performance highlights which help us to get this position. First, the Crowdstar acquisition which included Design Home and Covet Fashion has outperformed tremendously thanks to quality IP combined with our investments in infrastructure optimization user acquisitions and advertising.We generated a record 12 months trailing booking, we discount moncler jackets successfully executed in our creative strategy and green lit our first two games that aligned with our new process. We’ve reduced our cost and studio footprint, and streamline our central tech function, we believe we are on track with our three phases to achieve the sustained EBITDA profitability by first quarter 2018 and finally we have cultivated a creative collaborative and agile culture that is fundamental to our success moncler coats for cheap.