Barnes & Noble is opening its Nook e-reader platform to third-party electronics manufacturers, a move to limit overhead costs and reduce its losses in the competitive tablet segment.
Multi-channel videogame retailer GameStop reported first-quarter mobile sales of $46.8 million, an increase of 290 percent over year-ago totals. The firm's mobile efforts include Kongregate, a free gaming app optimized for Google's Android operating system.
Pandora Media reported first-quarter fiscal 2014 revenues of $125.5 million, a 55 percent year-over-year increase fueled by the continued growth of the streaming music service's mobile advertising efforts. Losses nevertheless widened to $28.6 million from $20.2 million during the year-ago period as content costs jumped 48 percent to $82.9 million.
Millennial Media reported revenues of $49.4 million for the first quarter of 2013, a year-over-year increase of 50.1 percent. Around 18 percent of the company's revenue came from outside the United States.
Electronic Arts reported fiscal fourth quarter revenues of $1.04 billion, up from $977 million in the year-ago period. Revenues from mobile games, online offerings and other digital channels increased 45 percent year-over-year to $618 million.
Glu Mobile said it would cut 12 percent of its workforce, or around 67 employees. The actions will leave the company with around 564 employees. However, Glu said the job cuts are part of an effort to centralize and streamline the production of games, and the company continues to hire new employees in specific functions. As a result, Glu said it expects to end 2013 with 580 employees.
Facebook announced revenue of $1.46 billion in the first quarter, an increase of 38 percent year-over year, meeting analyst expectations. Of that, revenue from advertising was $1.25 billion. The company said that 30 percent of its advertising revenue now comes from mobile, up from 23 percent in the previous quarter.
Don't look for Apple to roll out mobile payment services anytime soon: The segment is still not ready for primetime, according to comments made Tuesday by the computing giant's CEO Tim Cook.
eBay added roughly 2.8 million new customers through its mobile applications during the first quarter of 2013, with downloads of those apps now topping 162 million since late 2008.
Electronic Arts has no plans to release any new premium-download mobile games in 2013 and will instead focus its efforts exclusively on the free-to-play model.