King reverses course post-earnings; Zynga, Glu also off

|About: King Digital Entertainment Plc (KING)|By:, SA News Editor

Up premarket after posting a Q1 EPS beat and moderate Q/Q bookings growth, King Digital (KING -8.7%) has sharply reversed course. Concerns about softening Candy Crush Saga bookings and a Q/Q drop in monthly unique payers appear to be the triggers.

Peers Zynga (ZNGA -5.5%) and Glu Mobile (GLUU -5.6%) are also seeing decent losses amid a broader selloff in Internet stocks - in addition to King, Groupon, AOL, and Zulily are also down sharply post-earnings.