Freemium game developer Glu Mobile returns to profitability as revenue rises 18%

Brief: Glu Mobile boosted revenue by 18% to $112. 9 million in Q4 from a year earlier on the strength of games like "Design Home," "Covet Fashion" and "Tap Sports Baseball. " The mobile game developer posted a profit of $10. 8 million, compared with a loss of $1. 3 million a year earlier, per an announcement. Glu Mobile reported growth in bookings, a measure of financial performance, of 10% to a record $423.

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