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March 30, 2015 4:35 PM ET

Software

Company Overview of King Digital Entertainment plc

Company Overview

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. The company primarily provides Candy Crush Saga, Candy Crush Soda Saga, Farm Heroes Saga, Pet Rescue Saga, and Bubble Witch 2 Saga games. It also offers king.com and royalgames.com Websites; facebook; and mobile platforms, such as iOS and Android. King Digital Entertainment plc is based in Dublin, Ireland.

Fitzwilton House

Wilton Place

Dublin,  2

Ireland

1,200 Employees

Phone:

44 20 3451 5464

Key Executives for King Digital Entertainment plc

King Digital Entertainment plc does not have any Key Executives recorded.

King Digital Entertainment plc Key Developments

King Digital Entertainment plc Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-05-2015 08:10 AM

King Digital Entertainment plc Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-05-2015 08:10 AM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Hope F. Cochran, Chief Financial Officer, Riccardo Zacconi, Chief Executive Officer.

King Digital Entertainment plc Declares Special Dividend, Payable on March 24, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

King Digital Entertainment plc's board of directors declared a special dividend to shareholders of $0.94 per share or approximately $300 million in aggregate payable to shareholders of record on March 4, 2015. The dividend is expected to be paid on March 24, 2015. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $545,617,000 against $601,715,000 for the same period in the last year. Profit before tax was $204,084,000 against $206,829,000 for the same period in the last year. Profit was $140,617,000 against $159,246,000 for the same period in the last year. Earnings per diluted share attributable to the equity holders of the company were $0.44 against $0.50 for the same period in the last year. Adjusted revenue was $559,200,000 against $601,439,000 for the same period in the last year. Adjusted EBITDA was $237,344,000 against $268,972,000 for the same period in the last year. Adjusted profit was $184,184,000 against $204,851,000 for the same period in the last year. Adjusted EPS was $0.57 against $0.64 for the same period in the last year. Net cash generated from operating activities was $154.6 million against $293.4 million for the same period in the last year. Fourth quarter 2014 adjusted EBITDA represented an increase of $21 million, or 10%, compared to third quarter 2014 primarily due to higher gross bookings as well as a funded game development project completed in the period, partially offset by higher cost of services related to the increase in gross bookings, a planned increase in marketing spend to support newly launched games as well as an increase in research and development as it continues to focus on expanding and enhancing its game portfolio. CapEx in the fourth quarter of 2014 was $17 million, which is higher than third quarter primarily due to facilities build-out to support its growing staff. For the year, the company reported revenue of $2,260,241,000 against $1,884,301,000 for the same period in the last year. Profit before tax was $768,278,000 against $714,275,000 for the same period in the last year. Profit was $574,851,000 against $567,594,000 for the same period in the last year. Earnings per diluted share attributable to the equity holders of the company were $1.79 against $1.75 for the same period in the last year. Net cash generated from operating activities was $661,285,000 against $685,542,000 for the same period in the last year. Purchase of intangible assets was $9,729,000 against $7,611,000 for the same period in the last year. Purchase of property, plant and equipment was $31,274,000 against $15,347,000 for the same period in the last year. Adjusted revenue was $2,283,609,000 against $1,889,567,000 for the same period in the last year. Adjusted EBITDA was $950,246,000 against $824,742,000 for the same period in the last year. Adjusted profit was $737,757,000 against $647,224,000 for the same period in the last year. Adjusted EPS was $2.30 against $2.00 for the same period in the last year. Net cash generated from operating activities was $661.3 million against $685.5 million for the same period in the last year. The company expects gross bookings for the first quarter of 2015 to be between $575 million and $600 million, and EBITDA margin to be consistent with past performance at approximately 40%. Overall, for 2015, the company expects EBITDA margin to be lower than 2014 due to the changes in VAT rules as well as investments in R&D and marketing in the new genres that will take place in 2015.

King Digital Entertainment plc Presents at Deutsche Bank 23rd Annual Media, Internet and Telecom Conference, Mar-10-2015 03:30 PM

King Digital Entertainment plc Presents at Deutsche Bank 23rd Annual Media, Internet and Telecom Conference, Mar-10-2015 03:30 PM. Venue: The Breakers® Hotel, One South County Road, Palm Beach, FL 33480, United States. Speakers: Hope F. Cochran, Chief Financial Officer and Principal Accounting Officer.

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