Thursday, July 8, 2010

GameFly Yearly Revenues Hit $101.5M

Los Angeles-based GameFly, the videogame rental service which is waiting in the IPO wings, revealed Thursday afternoon that its yearly revenues have hit $101.5M in its fiscal year ended March 31, 2010. The privately held firm, which is looking to IPO on the NASDAQ Global Market under the symbol "GFLY", revealed the revenue numbers in an updated S-1 on Thursday afternoon. GameFly also revealed that it now has over 422,000 subscribers, as of March 31st, up from the 380,000 subscribers it had as of December 31, 2009. GameFly is backed by Sequoia Capital, Tenaya Capital, and others, with Sequoia owing 51% of the firm. GameFly filed for an IPO in February.