While some analysts were worried about Glu Mobile (GLUU) reporting lackluster Q1 results, the mobile game developer actually reported stellar numbers. The bookings guidance has the company on a path towards new records and the stock is in the process of a major breakout to test old highs around $11.75. My investment thesis remains highly bullish on the stock, even after a big rally and the risks of the current tailwind in engagement turning into a headwind.
Staying Strong
Like most mobile games, the stay-at-home orders led new players to discover Glu Mobile's