King.com passes 300 million Facebook MAUs
According to AppData, King Digital has cracked the 300 million monthly active user mark, which puts them at over three times the MAUs of Zynga. King Digital went public on the New York Stock Exchange this past week, but the stock has not been performing well.
Investors are concerned that King Digital could be a “one-hit wonder.” A majority of King’s revenues are from the game “Candy Crush.”
King Digital is the most profitable tech company to go public since Facebook’s IPO. King Digital generated $1.88 billion in revenue last year with an after-tax profit of 30%. Zynga has not yet profitable since going public.