Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Candy Crush Declines, King Goes Flat

Jay YarowMay 8, 2014, 02:56 IST

King Digital, the company behind Candy Crush, had a rough day. The stock was down 13.4%, putting it at $16.25 per share. The stock was priced at $22.50 when it IPO'd.

It started off as a relatively benign day for King. It reported earnings that were pretty good. Revenue was ahead of expectations, and even up from the fourth quarter. However, it wasn't enough.

The big problem for King seems to be that Candy Crush declined on a quarter-over-quarter basis. While the other games made up for the decline, investors are skeptical of the long term prospects for King.

Plus, as you can see in this chart of King's revenue from our friends at Statista, it's basically gone flat for the last three quarters.

Statista/Business Insider