King, the maker of the popular mobile game Candy Crush, just filed to raise $500 million in an IPO.
Here’s the F-1 filing.
Their growth numbers are insane. Here are the key numbers.
Note the revenue chart. In Q4 2012, total revenue was $71 million. A year later, that jumped to $632 million. And the margins are big. On that $632 million in revenue, they booked $269 million in profit.
It’s worth noting that several metrics actually show a tiny dip in Q4 vs. Q3 of last year, which might raise an eyebrow.
Dr. North does say, "Sell Electrons". Sounds like someone is doing just that.
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I can't believe they make so much money off such a simple game. Candy Crush is definitely King's cash cow.
During the game there are many episodes like Candy Factory , Jelly Jungle , just to name a few.
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