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PUBG Mobile, Game For Peace Revenue Over $4.8 mn a Day

“App Store and Google Play users worldwide spent an average of $4.8 million per day last month between both PUBG Mobile versions,” Nelson wrote

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PUBG, Addictive, Game, Kills
With smartphones getting cheaper and better, mobile gaming has taken off and millions of Indian youth are now hooked to games like PlayerUnknown Battleground (PUBG). Pixabay

China’s Internet powerhouse Tencent’s revenue from PUBG Mobile and its new version, Game For Peace, crossed $4.8 million a day in May, becoming the worlds top grossing mobile app, according to a new report from mobile app intelligence firm Sensor Tower.

The two versions combined to generate an estimated $146 million in player spending during the month of May, about 126 per cent more than the nearly $65 million PUBG Mobile alone grossed in April, according to the estimate which excluded Android revenue from China.

Of the total revenue in May from PUBG Mobile, Game For Peace, nearly $101 million came from Apple’s store, and $45.3 million from Google’s platform.

pubg
Some players claimed to have received the reminder within an hour and a half of playing the game. Wikimedia Commons

Added together, the revenue from both versions of PUBG Mobile took in about 17 per cent more than the nearly $125 million made by second-place Honor of Kings, also from Tencent, Randy Nelson, Head of Mobile Insights, Sensor Tower wrote in a blog post, adding that the estimate excluded Android revenue from China.

“App Store and Google Play users worldwide spent an average of $4.8 million per day last month between both PUBG Mobile versions,” Nelson wrote.

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“The chief rival to both of Tencent’s titles, Fortnite from Epic Games, had its best month so far in 2019 on iOS, but its total player spending of $43.3 million was only about 43 percent of Game for Peace and PUBG Mobile’s combined take for May,” Nelson said. (IANS)

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Flipkart Acquisition Negatively Impacts Walmart International

Flipkart posted $6.14 billion (Rs 43,615 crore) revenue for the fiscal 2018-19, according to Chennai-based business intelligence platform Paper.vc

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Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. IANS

The Flipkart acquisition once again negatively impacted Walmart International’s operating income on Thursday which dropped to $600 million in the third quarter ending September from $1.2 billion a year-ago quarter — a massive drop of 46.2 per cent.

Operating income declined 5.4 per cent — or 4.1 per cent in constant currency — due in part to a non-cash impairment charge for Walmart International.

“As expected, the inclusion of Flipkart negatively affected operating income,” the company said in a statement on Thursday.

Net sales at Walmart International were $29.2 billion — an increase of 1.3 per cent.

The inclusion of Flipkart and strength in Walmex and China were partially offset by softness in the UK, said the company.

In the second quarter, the operating income of Walmart’s international operations fell by 29.3 per cent to $893 million while net sales declined marginally to $29.13 billion.

Walmart wrapped up Flipkart’s acquisition for $16 billion in 2018, which made it the world’s biggest e-commerce deal.

The company, however, was bullish on record sales it achieved during Flipkart’s “The Big Billion Day” festive sales in India.

walmart store
Walmart in Fajardo, Puerto Rico. Wikimedia Commons

“We celebrated the first anniversary of Flipkart and PhonePe as part of the Walmart family. It was great to see record sales in India during The Big Billion Days event,” said Doug McMillon, President and CEO, Walmart.

“Looking ahead, we’re prepared for a good holiday season. Our integrated offering with stores and eCommerce delivers value and convenience for our customers,” he added.

The US e-commerce behemoth reported $128 billion in total revenue for third quarter — an increase of $3.1 billion or 2.5 per cent.

The company had net cash provided by operating activities of $14.5 billion for the nine months ended October 31, 2019, which decreased when compared to $17.3 billion for the nine months ended October 31, 2018 primarily due to the timing of vendor payments and US associate payroll, as well as the inclusion
of Flipkart operations.

“We generated free cash flow of $6.8 billion for the nine months ended October 31, 2019, which decreased when compared to $10.3 billion for the nine months ended October 31, 2018 due to the same reasons as the decline in net cash provided by operating activities, as well as $0.8 billion in increased capital expenditures,” Walmart mentioned.

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Flipkart posted $6.14 billion (Rs 43,615 crore) revenue for the fiscal 2018-19, according to Chennai-based business intelligence platform Paper.vc.

“The financials reveal how the e-tailer has performed after Walmart acquired 77 per cent of its equity in August 2018 for $16 billion (Rs 1,07,662 crore),” said Paper.vc.

According to the posted financials, the group firm (Flipkart) managed to achieve a 63 per cent reduction in losses to $2.42 billion (Rs 17,231 crore) for the fiscal under review, from the $6.6 billion (Rs 46,895 crore) loss posted in 2017-18. (IANS)