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GameFly files IPO, now publicly traded companyDVDBack23 @ Feb 11, 2010 21:39 | 3 comments
The company has 334,000 subscribers and had revenue of $46.4 million for the six months ended September 30th, 2009. Net profit was $3 million, a drop year-on-year.
Additionally, GameFly is also in control of a network of gaming-related sites that bring in about 4.4 million unique users per month.
The company says it will use the IPO money for future growth. |
The video game rental service GameFly has filed an IPO today, becoming a publicly traded company and raising $50 million USD. The company will trade on the NASDAQ under the ticker GFLY.
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Comment by: Se7ven (Feb 12, 2010 23:20) Maybe now they can reduce their turn around time,and buy enough new copies to go around of a really hyped release. |
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Comment by: Gnawnivek (Feb 19, 2010 21:02) Yeah, i canceled the service because i hardly ever get the games on the top of the queue. The games have used price of $15, i get them w/o problems. Of course, then again, i can just buy the game for $15 and don't have to worry about returning it, lol.
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Comment by: Se7ven (Feb 20, 2010 00:56) That is the main reason i left game fly both time i was a member.i would never ever get the games at the top of my queue.and i would have them up weeks before their release. todd logan
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