Shares in Candy Crush Saga maker fall by 10%

By Park Sae-jin Posted : May 28, 2015, 16:28 Updated : May 28, 2015, 16:28

Shares in the maker of hit smartphone game Candy Crush Saga fell more than 10 percent after-hours as the number of people spending money in-game falls fast.

London-based King Digital beat investor expectations in its latest results but warned that revenues for the current quarter would be "seasonally softer" and by hit by currency fluctuations.

First quarter revenue fell from $606.7 million to $569.5 million, with profits rising 31 percent to $210.9 million.

Candy Crush Saga and other titles are available to play on Facebook but traffic to the site has dwindled as the focus moves to mobile. King Digital now relies on smartphone and tablet use for 81 percent of its revenue.

While the firm's user base is growing - around 158 million people play King titles each day, the number of people spending money on in-game items and perks has fallen.

King's main game is Candy Crush Saga, but it has released other games to try to diversify.

A handful of new titles are expected later this year, including a resource management game similar to Zynga's FarmVille.

By Ruchi Singh
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