8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TOSECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934

Date of report:April 30, 2014(Date of earliest event reported)

Glu Mobile Inc.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

001-33368	91-2143667
(Commission File Number)	(IRS Employer Identification No.)
500 Howard Street, Suite 300
San Francisco, California	94105
(Address of Principal Executive Offices)	(Zip Code)

(415) 800-6100
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 30, 2014, Glu issued a press release announcing its financial results for the first quarter ended March 31, 2014. A copy of the press release is attached as Exhibit 99.01 to this Current Report on Form 8-K. In addition, on April 30, 2014, Glu made available on its corporate website at www.glu.com/investors supplemental slides that were referenced during the Company’s earnings call to discuss its financial results for the first quarter ended March 31, 2014. A copy of such supplemental slides is attached as Exhibit 99.02 to this Current Report on Form 8-K.

The information in this Item 2.02, including Exhibits 99.01 and 99.02 to this Current Report on Form 8-K, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the accompanying Exhibits 99.01 and 99.02 shall not be incorporated by reference into any registration statement or other document filed by Glu with the Securities and Exchange Commission, whether made before or after the date of this Current Report on Form 8-K, regardless of any general incorporation language in such filing (or any reference to this Current Report on Form 8-K generally), except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.01	Press release issued by Glu regarding its financial results for the first quarter ended March 31, 2014, dated April 30, 2014.
99.02	Supplemental slides made available by Glu on its corporate website on April 30, 2014.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Glu Mobile Inc.
Date:	April 30, 2014	By:  /s/ Scott J. Leichtner
		Name:  Scott J. Leichtner
		Title: Vice President and General Counsel

2

EXHIBIT INDEX

Number	Description
99.01	Press release issued by Glu regarding its financial results for the first quarter ended March 31, 2014, dated April 30, 2014.
99.02	Supplemental slides made available by Glu on its corporate website on April 30, 2014.

3

EX-99.01

Exhibit 99.01

Glu Reports Record First Quarter 2014 Financial Results

• Record Q1 non-GAAP revenues of $47.0 million, up 90% year-over-year and significantly exceeded guidance
• Record Q1 GAAP revenues of $44.6 million
• Record Adjusted EBITDA for the first quarter of $6.5 million also significantly exceeded guidance
• 2014 non-GAAP revenue guidance increased
• Signed definitive agreement to acquire PlayFirst Inc., owner of Diner Dash franchise
• Selected as first partner to bring film franchise James Bond: 007 to mobile gamers worldwide

SAN FRANCISCO--(BUSINESS WIRE)--April 30, 2014--Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced financial results for its first quarter ended March 31, 2014.

“Our record Q1 2014 results highlight Glu’s continued strong execution and consumer traction with our Deer Hunter and Eternity Warriors franchises,” stated Niccolo de Masi, Chief Executive Officer of Glu.

“We are pleased to be gaining critical mass in the casual gaming genre through our pending acquisition of PlayFirst – owner of the Diner Dash®, Cooking Dash®, Wedding Dash® and Hotel Dash® IP. Over the past ten years the Dash franchise has been installed 750 million times on all platforms and we believe it is primed for reinvigoration with fully free-to-play releases.

De Masi continued, “We look forward to our strong lineup of Q3 titles including our Hercules theatrical and Kim Kardashian partnership titles, Tap Sports: Baseball, and Dino Hunter – already tracking well in limited release beta. Our robust suite of core and casual franchises positions Glu for consistent growth long term.”

First Quarter 2014 Financial Highlights:

• Revenue: Total GAAP revenue was $44.6 million in the first quarter of 2014 compared to $24.6 million in the first quarter of 2013. Total non-GAAP revenue was $47.0 million in the first quarter of 2014, an increase of 90% compared to $24.7 million in the first quarter of 2013. Non-GAAP revenue excludes changes in deferred revenue.
• Gross Margin: GAAP gross margin was 69% in the first quarter of 2014 compared to 65% in the first quarter of 2013. Non-GAAP gross margin was 69% in the first quarter of 2014 compared to 69% in the first quarter of 2013. Non-GAAP gross margin excludes changes in deferred revenue and royalties and amortization of intangible assets.
• GAAP Operating Income (Loss): GAAP operating income was $0.7 million in the first quarter of 2014 compared to a $(5.5) million loss in the first quarter of 2013.
• Non-GAAP Operating Income (Loss): Non-GAAP operating income was $5.8 million in the first quarter of 2014 compared to a loss of $(2.2) million during the first quarter of 2013. Non-GAAP operating income (loss) excludes changes in deferred revenues and deferred cost of revenues, amortization of intangible assets, non-cash warrant expense, stock-based compensation expense, restructuring charges, change in fair value of the Blammo earnout, and transitional costs.
• Adjusted EBITDA: Adjusted EBITDA was $6.5 million for the first quarter of 2014 compared to a loss of $(1.4) million during the first quarter of 2013. Adjusted EBITDA is defined as non-GAAP operating income/(loss) less depreciation.
• GAAP Net Income (Loss) and EPS: GAAP net income was $0.1 million for the first quarter of 2014 compared to a GAAP net loss of $(5.5) million for the first quarter of 2013. GAAP EPS was $0.00 for the first quarter of 2014, based on 85.4 million weighted-average diluted shares outstanding, compared to a loss of $(0.08) for the first quarter of 2013, based on 66.4 million weighted-average basic shares outstanding.
• Non-GAAP Net Income (Loss) and EPS: Non-GAAP net income was $5.4 million for the first quarter of 2014 compared to a loss of $(2.3) million for the first quarter of 2013. Non-GAAP EPS was $0.06 for the first quarter of 2014 based on 85.4 million weighted-average diluted shares outstanding, compared to a loss of $(0.03) for the first quarter of 2013 based on 66.4 million weighted-average basic shares outstanding.
• Cash Flows Generated (Used) in Operations: Cash flows generated from operations were $3.8 million for the first quarter of 2014 compared to cash flows used in operations of $(3.7) million for the first quarter of 2013.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Recent Developments and Strategic Initiatives:

• Today, we announced the entry into a definitive agreement to acquire PlayFirst – creators of casual game franchises Diner Dash®, Cooking Dash®, Hotel Dash® and Wedding Dash®.
• In April, we announced that Glu will partner with EON Productions and MGM Interactive to create the world’s first free-to-play mobile game based on the James Bond 007 film franchise.
• In April, we announced the availability of Deer Hunter 2014 for Amazon Fire TV.
• In March, we launched Frontline Commando 2, the third installment of Glu’s popular Frontline Commando franchise.

“Our ability to exceed expectations during the first quarter was primarily driven by the ongoing momentum of Deer Hunter 2014 and success of Eternity Warriors 3,” stated Eric R. Ludwig, Glu’s Chief Financial Officer. “We were particularly pleased with the significant improvement in operating leverage, evidenced by the generation of $6.5 million in Adjusted EBITDA or 14% of total non-GAAP revenues. The combination of Glu’s improving operating metrics and strengthening balance sheet positions the company to extend its leadership position during 2014 and beyond.”

Business Outlook as of April 30, 2014:

The following forward-looking statements reflect expectations as of April 30, 2014 and include the expected impact of the PlayFirst acquisition that we expect to close by the second half of May 2014. Results may be materially different and are affected by many factors, such as: consumer demand for mobile entertainment and specifically Glu’s products; consumer demand for smartphones, tablets and next-generation platforms; our ability to improve the monetization of our titles and evolve our studio and continue to successfully launch true games-as-a-service; our ability to successfully integrate the business of PlayFirst with our company and realize the expected synergies of the acquisition; development delays on Glu's products; continued uncertainty in the global economic environment; competition in the industry; storefront featuring; changes in foreign exchange rates; Glu's effective tax rate and other factors detailed in this release and in Glu's SEC filings.

Second Quarter Expectations – Quarter Ending June 30, 2014:

• Non-GAAP revenues are expected to be between $30.6 million and $32.7 million.
• Non-GAAP gross margin is expected to be approximately 67%.
• Non-GAAP operating expenses are expected to be between $25.7 million and $26.0 million.
• Adjusted EBITDA, defined as non-GAAP operating loss excluding depreciation of approximately $600,000, is expected to range from a loss of $(3.4) million to $(4.5) million.
• Income tax expense is expected to be approximately $(190,000).
• Non-GAAP net loss is expected to be between $(4.1) million and $(5.2) million, or between $(0.05) and $(0.06) per weighted-average basic share outstanding, which excludes approximately $1.9 million of anticipated stock-based compensation expense, $459,000 for amortization of intangibles and any Blammo earnout charges. Additionally, non-GAAP net loss excludes the transitional costs and amortization of intangibles, if any, related to PlayFirst that will be recorded on completion of the transaction and purchase accounting.
• Weighted-average common shares outstanding are expected to be approximately 86.0 million basic and 91.5 million diluted.

2014 Expectations – Full Year Ending December 31, 2014:

• Non-GAAP revenues are expected to be between $155.0 million and $161.5 million.
• Non-GAAP gross margin is expected to be approximately 67%.
• Adjusted EBITDA is expected to range from $5.0 million to $6.7 million.
• Non-GAAP net income is expected to be between $1.4 million and $3.2 million, or between $0.02 and $0.03 per weighted-average diluted share outstanding, which excludes approximately $7.6 million of anticipated stock-based compensation expense, $3.7 million for amortization of intangibles and any Blammo earnout charges. Additionally, non-GAAP net loss excludes the transitional costs and amortization of intangibles, if any, related to PlayFirst that will be recorded on completion of the transaction and purchase accounting.
• Weighted-average common shares outstanding are expected to be approximately 86.4 million basic and 92.7 million diluted.
• We expect to have cash and short-term investments at December 31, 2014 of $34.5 million with no debt.

Quarterly Conference Call

Glu will discuss its quarterly results via teleconference today at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Please dial (866) 582-8907, or if outside the U.S., (760) 298-5046, with conference ID # 23139192 to access the conference call at least five minutes prior to the 1:30 p.m. Pacific Time start time. A live webcast and replay of the call will also be available on the investor relations portion of the company's website at www.glu.com/investors. An audio replay will be available between 4:30 p.m. Pacific Time, April 30, 2014, and 8:59 p.m. Pacific Time, May 7, 2014, by calling (855) 859-2056, or (404) 537-3406, with conference ID # 23139192.

Disclosure Using Social Media Channels

Glu currently announces material information to its investors using SEC filings, press releases, public conference calls and webcasts. Glu uses these channels as well as social media channels to announce information about the company, games, employees and other issues. Given SEC guidance regarding the use of social media channels to announce material information to investors, Glu is notifying investors, the media, its players and others interested in the company that in the future, it might choose to communicate material information via social media channels or, it is possible that information it discloses through social media channels may be deemed to be material. Therefore, Glu encourages investors, the media, players and others interested in Glu to review the information posted on the company forum (http://ggnbb.glu.com/forum.php) and the company Facebook site (https://www.facebook.com/glumobile) and the company twitter account (https://twitter.com/glumobile). Investors, the media, players or other interested parties can subscribe to the company blog and twitter feed at the addresses listed above. Any updates to the list of social media channels Glu will use to announce material information will be posted on the Investor Relations page of the company's website at www.glu.com/investors.

Use of Non-GAAP Financial Measures

To supplement Glu's unaudited condensed consolidated financial data presented in accordance with GAAP, Glu uses certain non-GAAP measures of financial performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Glu's results of operations as determined in accordance with GAAP. The non-GAAP financial measures used by Glu include historical and estimated non-GAAP revenues, non-GAAP cost of revenues, non-GAAP operating expenses, non-GAAP gross profit, non-GAAP gross margins, non-GAAP operating income/(loss), non-GAAP net loss and non-GAAP basic and diluted net loss per share. These non-GAAP financial measures exclude the following items from Glu's unaudited consolidated statements of operations:

• Change in deferred revenues and deferred cost of revenues;
• Amortization of intangible assets;
• Non-cash warrant expense;
• Stock-based compensation expense;
• Restructuring charges;
• Change in fair value of Blammo earnout;
• Transitional costs;
• Release of tax liabilities; and
• Foreign currency exchange gains and losses primarily related to the revaluation of assets and liabilities.

In addition, Glu has included in this release “Adjusted EBITDA” figures which are used to evaluate Glu’s operating performance and is defined as non-GAAP operating income/(loss) excluding depreciation.

Glu may consider whether significant non-recurring items that arise in the future should also be excluded in calculating the non-GAAP financial measures it uses.

Glu believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding Glu's performance by excluding certain items that may not be indicative of Glu's core business, operating results or future outlook. Glu's management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing Glu's operating results, as well as when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate comparisons of Glu's performance to prior periods.

Cautions Regarding Forward-Looking Statements

This news release contains forward-looking statements, including those regarding our “Business Outlook as of April 30, 2014” (“Second Quarter Expectations – Quarter Ending June 30, 2014” and “2014 Expectations – Full Year Ending December 31, 2014”) and the statements that we believe the Dash franchise is primed for reinvigoration with fully free-to-play releases; we look forward to our strong line up of Q3 titles; our robust suite of core and casual franchises positions Glu for consistent growth long term; and the combination of Glu’s improving operating metrics and strengthening balance sheet positions the company to extend its leadership position during 2014 and beyond. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Investors should consider important risk factors, which include: the risks identified under "Business Outlook as of April 30, 2014"; the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize a sufficient return on our investment with respect to our efforts to develop free-to-play games for smartphones, tablets and next-generation platforms, the risk that we will not be able to maintain our good relationships with Apple and Google; the risk that our development expenses for games for smartphones, tablets and next-generation platforms are greater than we anticipate; the risk that our recently and newly launched games are less popular than anticipated or decline in popularity and monetization rate more quickly than we anticipate; the risk that our newly released games will be of a quality less than desired by reviewers and consumers; the risk that the mobile games market, particularly with respect to free-to-play gaming, is smaller than anticipated; and other risks detailed under the caption "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission on March 14, 2014 and our other SEC filings. You can locate these reports through our website at http://www.glu.com/investors. We are under no obligation, and expressly disclaim any obligation, to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

About Glu Mobile

Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of free-to-play games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as CONTRACT KILLER, DEER HUNTER, ETERNITY WARRIORS, and FRONTLINE COMMANDO on a wide range of platforms including iOS, Android, Windows Phone, and MAC OS. Glu’s unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with a major office outside Seattle, and international locations in Canada, China, India, Japan, Korea, and Russia. Consumers can find high-quality entertainment wherever they see the ‘g’ character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at www.facebook.com/glumobile.

CONTRACT KILLER, DEER HUNTER, ETERNITY WARRIORS, FRONTLINE COMMANDO, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc.

Glu Mobile Inc.
Consolidated Balance Sheets
(in thousands)
(unaudited)
	March 31,			December 31,
	2014			2013
ASSETS
Cash and cash equivalents	$	36,954		$	28,496
Accounts receivable, net		19,695			18,305
Prepaid expenses and other current assets		8,899			7,663
Total current assets		65,548			54,464
Property and equipment, net		4,737			5,096
Restricted cash		1,730			1,730
Other long-term assets		616			637
Intangible assets, net		4,917			5,599
Goodwill		19,474			19,485
Total assets	$	97,022		$	87,011
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	8,723		$	10,657
Accrued liabilities		2,028			1,971
Accrued compensation		5,790			5,378
Accrued royalties		1,830			1,727
Deferred revenues		20,680			18,224
Total current liabilities		39,051			37,957
Other long-term liabilities		2,229			2,357
Total liabilities		41,280			40,314
Common stock		8			8
Additional paid-in capital		307,421			298,593
Accumulated other comprehensive income		391			307
Accumulated deficit		(252,078	)		(252,211	)
Stockholders' equity		55,742			46,697
Total liabilities and stockholders' equity	$	97,022		$	87,011

Glu Mobile Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
	Three Months Ended
	March 31,			March 31,
	2014			2013
Revenues	$	44,580		$	24,605
Cost of revenues:
Platform commissions, royalties and other		13,202			7,462
Amortization of intangible assets		554			1,074
Total cost of revenues		13,756			8,536
Gross profit		30,824			16,069
Operating expenses:
Research and development		15,579			11,630
Sales and marketing		9,485			5,008
General and administrative		4,926			3,919
Amortization of intangible assets		127			495
Restructuring charge		-			511
Total operating expenses		30,117			21,563
Income/(loss) from operations		707			(5,494	)
Interest and other income/(expense), net:
Interest income		6			3
Other income/(expense), net		(136	)		129
Interest and other income/(expense), net		(130	)		132
Income/(loss) before income taxes		577			(5,362	)
Income tax provision		(444	)		(135	)
Net income/(loss)	$	133		$	(5,497	)
Net income /(loss) per share:
Basic	$	0.00		$	(0.08	)
Diluted	$	0.00		$	(0.08	)
Weighted average common shares outstanding:
Basic		79,719			66,397
Diluted		85,398			66,397
Stock-based compensation expense included in:
Research and development	$	2,317		$	668
Sales and marketing		101			67
General and administrative		561			510
Total stock-based compensation expense	$	2,979		$	1,245

Glu Mobile Inc.
GAAP to Non-GAAP Reconciliation
(in thousands, except per share data)
(unaudited)
	For the Three Months Ended
		March 31,			June 30,			September 30,			December 31,			March 31,
		2013			2013			2013			2013			2014
GAAP revenues			24,605			24,445			21,722			34,841			44,580
Change in deferred revenues			111			(1,251	)		886			8,005			2,377
Non-GAAP Revenues			24,716			23,194			22,608			42,846			46,957
GAAP gross profit			16,069			15,697			12,769			24,034			30,824
Change in deferred revenues			111			(1,251	)		886			8,005			2,377
Amortization of intangible assets			1,074			1,078			1,082			1,004			554
Non-cash warrant expense			-			-			427			-			-
Change in deferred platform commissions and royalty expense			(138	)		419			(245	)		(1,753	)		(1,209	)
Non-GAAP gross profit			17,116			15,943			14,919			31,290			32,546
GAAP operating expense			21,563			21,651			20,612			27,505			30,117
Stock-based compensation			(1,245	)		(736	)		(720	)		(1,584	)		(2,979	)
Amortization of intangible assets			(495	)		(495	)		(229	)		(117	)		(127	)
Change in fair value of Blammo earnout			(29	)		47			31			(56	)		(304	)
Restructuring charge			(511	)		(937	)		-			-			-
Non-GAAP operating expense			19,283			19,530			19,694			25,748			26,707
GAAP operating income/(loss)			(5,494	)		(5,954	)		(7,843	)		(3,471	)		707
Change in deferred revenues			111			(1,251	)		886			8,005			2,377
Non-GAAP cost of revenues adjustment			936			1,497			1,264			(749	)		(655	)
Stock-based compensation			1,245			736			720			1,584			2,979
Amortization of intangible assets			495			495			229			117			127
Change in fair value of Blammo earnout			29			(47	)		(31	)		56			304
Restructuring charge			511			937			-			-			-
Non-GAAP operating income/(loss)			(2,167	)		(3,587	)		(4,775	)		5,542			5,839
GAAP net income/(loss)			(5,497	)		(2,921	)		(7,968	)		(3,523	)		133
Change in deferred revenues			111			(1,251	)		886			8,005			2,377
Non-GAAP cost of revenues adjustment			936			1,497			1,264			(749	)		(655	)
Non-GAAP operating expense adjustment			2,280			2,121			918			1,757			3,410
Foreign currency exchange loss/(gain)			(129	)		(137	)		159			130			136
Release of tax liabilities			-			(3,148	)		-			-			-
Non-GAAP net income/(loss)		$	(2,299	)	$	(3,839	)	$	(4,741	)	$	5,620		$	5,401
Reconciliation of net income/(loss) and net income/(loss) per share:
GAAP net income/(loss) per share - basic		$	(0.08	)	$	(0.04	)	$	(0.11	)	$	(0.05	)	$	0.00
GAAP net income/(loss) per share - diluted		$	(0.08	)	$	(0.04	)	$	(0.11	)	$	(0.05	)	$	0.00
Non-GAAP net income/(loss) per share - basic		$	(0.03	)	$	(0.05	)	$	(0.07	)	$	0.07		$	0.07
Non-GAAP net income/(loss) per share - diluted		$	(0.03	)	$	(0.05	)	$	(0.07	)	$	0.07		$	0.06
Shares used in computing Non-GAAP basic net income/(loss) per share			66,397			69,812			71,529			78,071			79,719
Shares used in computing Non-GAAP diluted net income/(loss) per share			66,397			69,812			71,529			81,433			85,398
Non-GAAP operating expense break-out:
GAAP research and development expense		$	11,630		$	11,224		$	11,405		$	12,618		$	15,579
Stock-based compensation			(668	)		(163	)		(268	)		(849	)		(2,317	)
Non-GAAP research and development expense			10,962			11,061			11,137			11,769			13,262
GAAP sales and marketing expense			5,008			5,143			5,361			10,608			9,485
Stock-based compensation			(67	)		(93	)		(40	)		(103	)		(101	)
Non-GAAP sales and marketing expense			4,941			5,050			5,321			10,505			9,384
GAAP general & administrative expense			3,919			3,852			3,617			4,162			4,926
Change in fair value of Blammo earnout			(29	)		47			31			(56	)		(304	)
Stock-based compensation			(510	)		(480	)		(412	)		(632	)		(561	)
Non-GAAP general and administrative expense		$	3,380		$	3,419		$	3,236		$	3,474		$	4,061

Glu Mobile Inc.
Non-GAAP Adjusted EBITDA
(in thousands)
(unaudited)
	For the Three Months Ended
	March 31,			June 30,			September 30,			December 31,			March 31,
	2013			2013			2013			2013			2014
GAAP net income/(loss)	$	(5,497	)	$	(2,921	)	$	(7,968	)	$	(3,523	)	$	133
Change in deferred revenues		111			(1,251	)		886			8,005			2,377
Change in deferred platform commissions and royalty expense		(138	)		419			(245	)		(1,753	)		(1,209	)
Non-cash warrant expense		-			-			427			-			-
Amortization of intangible assets		1,569			1,573			1,311			1,121			681
Depreciation		731			661			633			682			620
Stock-based compensation		1,245			736			720			1,584			2,979
Change in fair value of Blammo earnout		29			(47	)		(31	)		56			304
Restructuring charge		511			937			-			-			-
Foreign currency exchange loss/(gain)		(129	)		(137	)		159			130			136
Interest and other income		(3	)		(26	)		(4	)		-			(6	)
Income tax provision/(benefit)		135			(2,870	)		(30	)		(78	)		444
Total Non-GAAP Adjusted EBITDA	$	(1,436	)	$	(2,926	)	$	(4,142	)	$	6,224		$	6,459

In addition to the reasons stated above, which are generally applicable to each of the items Glu excludes from its non-GAAP financial measures, Glu believes it is appropriate to exclude certain items for the following reasons:

Change in Deferred Revenues and Deferred Cost of Revenues. At the date we sell certain premium games and micro-transactions, Glu has an obligation to provide additional services and incremental unspecified digital content in the future without an additional fee. In these cases, we recognize the revenues and any associated cost of revenues, including platform commissions and royalties, on a straight-line basis over the estimated life of the paying user. Internally, Glu’s management excludes the impact of the changes in deferred revenue and deferred cost of revenues related to its premium and free-to-play games in its non-GAAP financial measures when evaluating the company’s operating performance, when planning, forecasting and analyzing future periods, and when assessing the performance of its management team. Glu believes that excluding the impact of the changes in deferred revenues and deferred cost of revenues from its operating results is important to facilitate comparisons to prior periods during which Glu did not delay the recognition of significant amounts of revenue related to its games and to understand Glu’s operations.

Amortization of Intangible Assets. When analyzing the operating performance of an acquired entity, Glu's management focuses on the total return provided by the investment (i.e., operating profit generated from the acquired entity as compared to the purchase price paid) without taking into consideration any allocations made for accounting purposes. Because the purchase price for an acquisition necessarily reflects the accounting value assigned to intangible assets (including acquired in-process technology and goodwill), when analyzing the operating performance of an acquisition in subsequent periods, Glu's management excludes the GAAP impact of acquired intangible assets to its financial results. Glu believes that such an approach is useful in understanding the long-term return provided by an acquisition and that investors benefit from a supplemental non-GAAP financial measure that excludes the accounting expense associated with acquired intangible assets.

Non-cash Warrant Expense. In the third quarter of 2013, Glu recorded a non-cash charge related to the vesting of warrants to purchase shares of common stock issued to a brand holder as part of a third party licensing, development and publishing arrangement. These charges were computed using the Black-Scholes valuation model and were recorded in cost of revenues. When evaluating the performance of its consolidated results, Glu does not consider non-cash warrant expense as it places a greater emphasis on overall stockholder dilution rather than the accounting charges associated with the vesting of any warrants. As the non-cash warrant expense impacts comparability from period to period Glu believes that investors benefit from a supplemental non-GAAP financial measure that excludes these charges.

Stock-Based Compensation Expense. Glu adopted ASC 718, "Compensation – Stock Compensation" beginning in its fiscal year ended December 31, 2006. Included in the stock compensation expense is the contingent consideration potentially issuable to the Blammo employees who were former shareholders of Blammo, which is recorded as research and development expense over the term of the earn-out periods, since these employees are primarily employed in product development. Glu re-measures the fair value of the contingent consideration each reporting period and only records a compensation expense for the portion of the earn-out target which is likely to be achieved. In addition, Glu is exposed to potential continued fluctuations in the fair market value of the contingent consideration in each reporting period, since re-measurement is impacted by changes in Glu’s share price and the assumptions used by Glu. When evaluating the performance of its consolidated results, Glu does not consider stock-based compensation charges. Likewise, Glu's management team excludes stock-based compensation expense from its short and long-term operating plans. In contrast, Glu's management team is held accountable for cash-based compensation and such amounts are included in its operating plans. Further, when considering the impact of equity award grants, Glu places a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants. Glu believes it is useful to provide a non-GAAP financial measure that excludes stock-based compensation in order to better understand the long-term performance of its business.

Restructuring Charges. Glu undertook restructuring activities in the first and second quarters of 2013 and recorded (1) non-cash restructuring charges due to vacating a portion of its offices in Washington, vacating its Brazil office and writing-off the cumulative translation adjustment upon substantial liquidation of its Brazilian entity; and (2) cash restructuring charges due to the termination of certain employees in its Brazil, China, Europe and U.S. offices. Glu recorded the severance costs as an operating expense when it communicated the benefit arrangement to the employee and no significant future services, other than a minimum retention period, were required of the employee to earn the termination benefits. Glu believes that these restructuring charges do not reflect its ongoing operations and that investors benefit from a supplemental non-GAAP financial measure that excludes these charges.

Change in Fair Value of Blammo Earnout. As part of the acquisition of Blammo, Glu committed to issue additional consideration in the form of Glu’s common stock to the former, non-employee Blammo shareholders if certain revenue targets are achieved. Glu recorded the estimated contingent consideration liability at acquisition and will adjust the fair value of the liability each reporting period. When analyzing the operating performance of an acquired entity, Glu’s management focuses on the total return provided by the investment (i.e., operating profit generated from the acquired entity as compared to the purchase price paid including the final amounts paid for contingent consideration) without taking into consideration any expenses recognized post-acquisition related to the change in fair value of the contingent consideration. Because the final purchase price paid for an acquisition necessarily reflects the accounting value assigned to both the consideration, including the contingent consideration, paid and to the intangible assets (including goodwill) acquired, when analyzing the operating performance of an acquisition in subsequent periods, the Company’s management excludes the GAAP impact of any adjustments to the fair value of these acquisition-related balances to its financial results. Glu believes that the fair value adjustments affect comparability from period to period and that investors benefit from a supplemental non-GAAP financial measure that excludes these charges.

Transitional Costs. GAAP requires expenses to be recognized for various types of events associated with a business acquisition such as legal, accounting and other deal related expenses. Additionally, Glu has incurred various costs related to the transition and integration of Blammo, GameSpy and Griptonite into Glu’s operations. Glu recorded these non-recurring acquisition and transitional costs as operating expenses when they were incurred. Glu believes that these acquisition and transitional costs affect comparability from period to period and that investors benefit from a supplemental non-GAAP financial measure that excludes these expenses.

Release of tax liabilities. In the second quarter of 2013, Glu recorded a non-cash income tax benefit related to the release of certain foreign income tax liabilities upon the expiration of the statute of limitations. Glu believes that this one-time tax benefit does not reflect its ongoing operations and that investors benefit from a supplemental non-GAAP financial measure that excludes this benefit.

Foreign currency exchange gains and losses. Foreign currency exchange gains and losses represent the net gain or loss that Glu has recorded for the impact of currency exchange rate movements on cash and other assets and liabilities denominated in foreign currencies related to the revaluation of assets and liabilities. Accordingly, foreign currency exchange gains and losses are generally unpredictable and can cause Glu’s reported results to vary significantly. Due to the unusual magnitude of these gains and losses, and the fact that Glu has not engaged in hedging or taken other actions to reduce the likelihood of incurring a sizeable net gain or loss in future periods, Glu began, with the quarter ended December 31, 2008, to present non-GAAP net loss and net loss per share excluding foreign exchange gains and losses for comparability purposes. Glu believes that these gains and losses do not reflect its ongoing operations and that investors benefit from a supplemental non-GAAP financial measure that excludes these items, enabling investors to compare Glu’s core operating results in different periods without this variability. Foreign exchange gains/(losses) recognized during 2013 and the first quarter of 2014 were as follows (in thousands):

March 31, 2013	$ 129
June 30, 2013	137
September 30, 2013	(159)
December 31, 2013	(130)
FY 2013	$ (23)
March 31, 2014	$ (136)

CONTACT:
Media & Investor Relations:
For Glu Mobile Inc.:
ICR, Inc.
Seth Potter, 646-277-1230
ir@glu.com

EX-99.02

Exhibit 99.02

Slide: 1 Title: Glu Mobile Q114 Earnings Call April 30, 2014  Page 1 Slide: 2 Title: Safe Harbor Statement  This presentation contains "forward-looking" statements including those regarding: our quarterly and full year guidance for 2014; that we have an expanding global presence, particularly in APAC; our expected next title releases for each of our franchises; the expected timing of launching Diner Dash X and additional Dash franchise releases; the anticipated closing date of the PlayFirst acquisition; estimated growth and expected trends in smartphone users and global mobile traffic; momentum in global tablet growth; our belief that the shooter genre is well positioned for long-term growth in mobile free-to-play from current levels; our expected Q3-2014 title lineup; our belief that there is a significant opportunity for increased mobile ad spending, particularly in the U.S.; our expectation of the quad screen future; expected trends in wearable computing; our 2014 quarterly and full year guidance including PlayFirst; and that Glu has a strong secular growth opportunity. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Investors should consider important risk factors, which include: the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize a sufficient return on our investment with respect to our efforts to develop free-to-play games for smartphones and tablets, the risk that we do not maintain our good relationships with Apple and Google; the risk that our development expenses for games for smartphones are greater than we anticipate; the risk that our recently and newly launched games are less popular than anticipated; the risk that our newly released games will be of a quality less than desired by reviewers and consumers; the risk that the mobile games market, particularly with respect to social, free-to-play gaming, is smaller than anticipated; risks related to the restatement of certain of our historical financial statements and other risks detailed under the caption "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission on March 14, 2014 and our other SEC filings. You can locate these reports through our website at http://www.glu.com/investors. These "forward-looking" statements are based on estimates and information available to us on April 30, 2014 and we are under no obligation, and expressly disclaim any obligation, to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.  Page 2 Slide: 3 Title: Use of Non-GAAP Financial Measures  Glu uses in this presentation certain non-GAAP measures of financial performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Glu's results of operations as determined in accordance with GAAP. The non-GAAP financial measures used by Glu include non-GAAP revenues, non-GAAP smartphone revenues, non-GAAP freemium revenues, non-GAAP cost of revenues, non-GAAP gross profit,  non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating margin, non-GAAP net income/(loss), non-GAAP net income/(loss) per share and Adjusted EBITDA. These non-GAAP financial measures exclude the following items from Glu's unaudited consolidated statements of operations: Change in deferred revenues and deferred cost of revenues;Amortization of intangible assets; Non-cash warrant expense;Stock-based compensation expense; Restructuring charges; Change in fair value of Blammo earnout; Transitional costs; Release of tax liabilities; andForeign currency exchange gains and losses primarily related to the revaluation of assets and liabilities. In addition, Glu has included in this presentation “Adjusted EBITDA” figures which are used to evaluate Glu’s operating performance and is defined as non-GAAP operating income/(loss) excluding depreciation.Glu believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding Glu's performance by excluding certain items that may not be indicative of Glu's core business, operating results or future outlook. Glu's management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing Glu's operating results, as well as when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate comparisons of Glu's performance to prior periods. For a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, please refer to the tables attached to Glu’s earnings press release for the quarter ended March 31, 2014, which is available on our website at http://www.glu.com/investors.  Page 3 Slide: 4  Page 4 Slide: 5 Title: Upward Step Change  Q1 2014 financial performance strongest in Glu’s history:Largest topline - $47m in non-GAAP revenuesMost profitable - $6.5m in Adjusted EBITDA2014 guidance strongest in Glu’s history (including PlayFirst):Expected $155.0m - $161.5m in non-GAAP revenue or 37 - 42% growth Y/YExpected full year Adjusted EBITDA profits of $5.0m - $6.7m  Page 5 Slide: 6 Title: Step Change in Performance  Page 6 Other Placeholder: Key focus areas coming together last two quarters:Monetize more deeplyOptimize more predictablyMarket more efficientlyBetter processes                      Better talent  Non-GAAP revenues have been restated or revised, as appropriate, to reflect gross accounting for digital storefronts for 2010, 2011, 2012  and Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release Slide: 7 Title: A Global Leader  Page 7  Only pure-play mobile gaming company listed in North America (NASDAQ: GLUU)Deeply aligned with mobile ecosystem (iOS & Android)Expanding global presence, particularly APACWell capitalized525+ employees Slide: 8 Title: Franchises  Core  Casual  Page 8 Slide: 9 Title: Management Team  Page 9  Pres. of StudiosMatt Ricchetti  Pres. of Pub.Chris Akhavan  CFOEric R. Ludwig  CEONiccolo De Masi Slide: 10 Title: Tightly Aligned w/ Ecosystem  Page 10  DistributionChannel  Technology Integration  New Devices at Launch  Quality Pipeline  90%+ Featuring Track Record Slide: 11 Title: Acquisition  Page 11 Slide: 12  10 years in operation750m total installs across the Dash franchise on all platforms; 75m on iOSIconic time management franchise added to Glu IP portfolio~32 employees joining Glu family in San FranciscoDiner Dash X launching in Q4 – first Dash title ‘free-to-play from ground up’Additional Dash franchise releases in 2015 using DD X engine  Page 12 Slide: 13  Consideration paid:3 million shares of GLUU common stockAssumption of up to $3.55 million net negative balance sheetOther:100% ownership from close; no earn-outImmediate integration into global Glu studio structureAnticipate closing by end of May 2014 Title: Deal Structure  Page 13 Slide: 14 Title: Accretive M&A w/o Impairments Other Placeholder: Aug’11:  Highly profitable, DH14 and Dino Hunter developerAug’11:  Stardom series, ~50% non-GAAP operating marginsMar’12:  Paid $5m for brand; saved approx. 3X in royalties in 2 yrsAug’12:  90 days cash on cash return; core tech for GluOnNov’13:  Acqui-hire; developing baseball/sports games  Page 14 Slide: 15 Title: Market  Page 15 Slide: 16  Page 16  1.5BSmartphoneUsers  5B+ Mobile Phone Users  % of Internet Traffic  Global Smartphone vs. Mobile Phone Users2013E  Global Mobile Traffic as % of Total Internet Traffic, 12/08 – 5/13(with Trendline Projection to 5/15E)  Global Users (MM)  Source: Internet Trends D11 Conference, 5/29/2013, Mary Meeker, KPCB Morgan Stanley Research estimates.  Source: StatCounter Global Stats, 5/13.  Internet Trends D11 Conference, 5/29/2013, Mary Meeker, KPCB. Note that PC-based Internet data bolstered by streaming. Slide: 17 Title: Tablet Momentum  Page 17  First 12 Quarters Cumulative Unit Shipments, iPhone vs. iPad  Global Units Shipments (000)  Quarters After Launch  Source: Internet Trends D11 Conference, 5/29/2013, Mary Meeker, KPCB; Katy Huberty, Ehud Gelblum, Morgan Stanley Research. Gartner.  Apple, as of CQ1:13 (12 quarters post iPad launch).  Launch Dates: iPhone (6/29/07), iPad (4/3/10) Slide: 18 Title: The Big Get Bigger  Page 18  $50m+ estimated lifetime revenue games commonplace:A number of $100m+ estimated lifetime revenue titles:Three $1 billion+ estimated lifetime revenue mega-hits:We believe that Glu is the clear category leader in action: Slide: 19 Title: Category Leaders  Page 19 Slide: 20 Title: Action Leadership  Page 20 Other Placeholder: More than 40%* of console revenues from action/shooters:4th year in a row now we have shipped what we believe is the biggest & best free-to-play mobile action game of the year:We believe that the action genre is well positioned for long-term growth in mobile free-to-play from current levels Slide: 21 Title: Momentum Page 21 Slide: 22 Other Placeholder: Page 22 Slide: 23 Other Placeholder: Page 23 Slide: 24 Title: Strong Q3 Lineup  Page 24 Other Placeholder: Expected to launch in July ‘14Deer Hunter 2014 engineExpected to launch in July ‘14Stardom engine starring Kim KardashianExpected to launch in late July ‘14Launching with MGM movie release starring Dwayne “The Rock” JohnsonExpected to launch in August ‘14Social sports titleExpected to launch in September ‘14Latest  installment in CK franchise; PVP and PVE Slide: 25 Title: APAC  Page 25  Fastest growing mobile market globallyIncreasing percentage of Glu revenue Glu is arguably the strongest foreign player in China, and is expanding presence in key markets of Japan and Korea Other Placeholder: Phased global launch between Dec 17 and Jan 10Peak top 10 grossing in Korea on iOSPeak top 25 grossing in China on iOS Slide: 26 Title: Long Term Growth Opportunities  Page 26 Slide: 27 Title: Mobile Ad Spend Lags Mobile Usage  Page 27  % of Time Spent in Media vs. % of Advertising Spending, USA 2012  % of Total Media Consumption TimeOr Advertising Spending (Gp:) Internet Ad= $37B* (Gp:) Mobile Ad= $4B*   Note: *Internet advertising reached $37B in USA in 2012 per IAB, Mobile advertising reached $4B per eMarketer.  Print includes newspaperand magazine.  $20B opportunity calculated assuming Internet and Mobile ad spend share equal their respective time spent share.  Source:  Internet Trends D11 Conference, 5/29/2013, Mary Meeker, KPCB; Time spend and ad spend share data based on eMarketer (adjusted to exclude outdoors / classified media spend), 12/12 Slide: 28 Title: Quad Screen Future  Page 28 Slide: 29 Title: Wearables  Page 29  Source: Internet Trends D11 Conference, 5/29/2013, Mary Meeker, KPCB;  xxx  Technology Cycles Have Tended to Last Ten Years  MiniComputing1970s  PersonalComputing1980s  Desktop InternetComputing1990s  Mobile InternetComputing2008+  Wearable / EverywhereComputing2014+  MainframeComputing1960s Slide: 30 Title: Financial Summary  Page 30 Slide: 31  Q114 Financial Summary  Page 31 Slide: 32  Actual Non-GAAP Total Revenue ($M)  Page 32  Non-GAAP revenues have been restated or revised, as appropriate, to reflect gross accounting for digital storefronts for 2010, 2011, 2012  and Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release Slide: 33  Actual Adjusted EBITDA ($M)  Page 33 Slide: 34  GAAP Revenue by Geography ($M)  Page 34  Non-GAAP revenues have been restated or revised, as appropriate, to reflect gross accounting for digital storefronts for 2010, 2011, 2012  and Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release Slide: 35 Title: Non-GAAP Revenue Mix  Non-GAAP revenues have been restated or revised, as appropriate, to reflect gross accounting for digital storefronts for 2010, 2011, 2012  and Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release  Page 35 Slide: 36 Title: Non-GAAP Revenue by Title  Deer Hunter 2014   $17.2MZombies Ate My Friends     $0.4M  $47.0M Total Non-GAAP Revenues in Q114  Frontline Commando: D-Day          $2.4MStardom Hollywood          $1.8MSamurai vs. Zombies Defense 2       $0.3MHeroes of Destiny          $0.3M  Robocop  $3.5MFrontline Commando 2 $2.0MMotocross Meltdown $1.1MDefenders & Dragons $0.5M  Eternity Warriors 3 $10.2M  Page 36 Slide: 37  Installs and Cumulative Installs  Page 37  In millions Slide: 38  DAU and MAU  Page 38  In millions  Aggregate DAU and MAU for each period presented represents the aggregate metric for the last month of the period.  An individual who plays two different games in the same month is counted as two active users for that month when we aggregate DAU and MAU across games. In addition, an individual who plays the same game on two different devices during the same month (e.g., an iPhone and an iPad) is also counted as two active users for each such month when we average or aggregate DAU and MAU over time.  Our methodology for calculating DAU and MAU may differ from the methodology used by other companies to calculate similar metrics. Slide: 39 Title: Q114 Non-GAAP Results  Q413 Non-GAAP Results  Page 39 Slide: 40 Title: Strong Balance Sheet  Page 40 Slide: 41 Title: Guidance  Page 41 Slide: 42  2014 Full Year GuidanceGlu + PlayFirst  Page 42 Slide: 43  2014 Full Year GuidanceGlu + PlayFirst  Page 43 Slide: 44  Q214 GuidanceGlu + PlayFirst  Page 44 Slide: 45  2014 Full Year GuidanceGlu + PlayFirst  Page 45 Slide: 46 Title: Key Statistics  Page 46  Average Daily Volume is calculated using the last 90 calendar daysCash balance as of 03/31/2014 Slide: 47 Title: Key Operating Metrics (Gross Basis)  Page 47 Slide: 48  Strong secular global growth opportunityNew team & expertise delivering tangible resultsGames as a Service strategy bolsters fundamentals Other Placeholder: Page 48  Investment Overview  Page 48 Slide: 49 Title: GAAP to Non-GAAP Reconciliations  Page 49 Slide: 50  Page 50  Q114 GAAP to Non-GAAP Reconciliation Slide: 51 Title: Q113 GAAP to Non-GAAP Reconciliation  Page 51 Slide: 52 Title: GAAP to Non-GAAP Reconciliation  Page 52