King Beats Expectations, Even With Fewer People Playing Its Games

King King Digital took its time handing out it first earnings report on Wednesday. But when it got around to it, the company behind Candy Crush delivered good news: Revenue, which had been declining in advance of its IPO this year, has ticked up again. And King is beginning to make the argument that it is not a one-hit wonder. King generated a staggering $607 million in revenue — up 3x in the last year — and reported adjusted earnings of 61 cents a share, which grew at the same pace. Those numbers beat Wall Street estimates. But the crucial comparisons are with King’s previous quarter. And those numbers look promising, too. Revenue, which had declined from Q3 to Q4 last year, started growing again, from $602 million to $606.7 million. But King can boast stronger user growth numbers, which means it is finding new people to play its new games, even as Candy Crush declines.

Read the full story at re/code.