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Actionable news in KING: KING DIGITAL ENTERTAINMENT PLC,

King Digital’s Profit Up Slightly, Revenue Down

Mascots dressed as characters from the mobile game

The company said the increase in profit was due to a number of factors, including lower income-tax expenses.

In the third quarter, King’s gross bookings amounted to $502 million, above the company’s forecast, but about 8% lower than last year. The gross bookings are a mobile-gaming industry measure that includes virtual proceeds from in-game transactions that haven’t necessarily translated into full-fledged revenue yet.

King Digital attributed declining gross bookings on the aging of its hit signature game, but said newer games, in particular “Candy Crush Soda Saga,” a sequel to the original “Candy Crush” game, partially offset the decline.

“These...


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