GLUU Glu Mobile Inc

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report: August 4, 2015
(Date of earliest event reported)

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

Delaware
(State or Other Jurisdiction of Incorporation)

(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 August 4, 2015, Glu issued a press release announcing its financial results for the second quarter and six months ended June 30, 2015. A copy of the press release is attached as Exhibit 99.01 to this report. In addition, on August 4, 2015, 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 second quarter and six months ended June 30, 2015. A copy of such supplemental slides is attached as Exhibit 99.02 to this report.

The information in this Item 2.02, including Exhibits 99.01 and 99.02 to this report, 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 report, 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 second quarter and six months ended June 30, 2015, dated August 4, 2015.

99.02     Supplemental slides made available by Glu on its corporate website on August 4, 2015.

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.

EXHIBIT INDEX

3

Exhibit 99.01

Glu Reports Second Quarter 2015 Financial Results

• Q2 non-GAAP revenue of $57.5 million, up 64% year-over-year and significantly exceeding guidance
• Q2 GAAP revenue of $56.2 million
• Q2 Adjusted EBITDA of $1.7 million – significantly exceeding guidance
• Signs exclusive partnerships with Nicki Minaj and Jason Statham
• Total social following of celebrity titles expected to be live by end of 2016 approaching 650 million*

SAN FRANCISCO--(BUSINESS WIRE)--August 4, 2015--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 second quarter ended June 30, 2015.

“Glu’s strong execution during the second quarter resulted in better-than-expected revenue and Adjusted EBITDA,” stated Niccolo de Masi, Chairman and Chief Executive Officer of Glu. “During the quarter, our results were underpinned by the continued strength of Kim Kardashian: Hollywood, Racing Rivals, Deer Hunter 2014 and Contract Killer: Sniper. We were also pleased with the robust performance of Tap Sports Baseball 2015 and Cooking Dash 2016 out of the gates.”

de Masi continued, “Our signing of Nicki Minaj and Jason Statham adds arguably the world’s leading rapper, and our first male celebrity to our portfolio. Minaj’s social following is growing rapidly and has reached over 100 million* making her one of the 10 most followed women in the world on social media channels. Statham has over 50 million* social followers and is as such one of the 10 most followed men in the world on social media channels. These partnerships take the total social following of celebrity titles that we expect to be live by the end of 2016 to nearly 650 million*.”

Mr. de Masi closed, “The combination of ongoing traction with our catalog titles and innovative new title launches positions Glu for record annual and second half revenue. As laid out during our May 14, 2015 Analyst Day, we are confident of Glu’s ability to drive double digit year-over-year revenue growth over the next five years.”

Second Quarter 2015 Financial Highlights:

• Revenue: Total GAAP revenue was $56.2 million in the second quarter of 2015 compared to $40.9 million in the second quarter of 2014. Total non-GAAP revenue was $57.5 million in the second quarter of 2015, an increase of 64% compared to $35.0 million in the second quarter of 2014. Non-GAAP revenue excludes changes in deferred revenue.
• Gross Margin: GAAP gross margin was 58% in the second quarter of 2015 compared to 69% in the second quarter of 2014. Non-GAAP gross margin was 63% in the second quarter of 2015 compared to 69% in the second quarter of 2014. Non-GAAP gross margin excludes changes in deferred revenue, change in deferred cost of revenue, amortization of intangible assets and non-cash warrant expense.
• GAAP Operating Loss: GAAP operating loss was $(6.1) million in the second quarter of 2015 compared to a loss of $(3.7) million in the second quarter of 2014.
• Non-GAAP Operating Income/(Loss): Non-GAAP operating income was $1.0 million in the second quarter of 2015 compared to a loss of $(1.5) million during the second quarter of 2014. Non-GAAP operating income/(loss) excludes changes in deferred revenue and deferred cost of revenue, amortization of intangible assets, non-cash warrant expense, stock-based compensation expense, restructuring charges, change in fair value of the Blammo earnout, transitional costs and litigation costs.
• Adjusted EBITDA: Adjusted EBITDA was $1.7 million for the second quarter of 2015, compared to a loss of $(0.9) million during the second quarter of 2014. Adjusted EBITDA is defined as non-GAAP operating income/(loss) less depreciation.
• GAAP Net Loss and EPS: GAAP net loss was $(5.5) million for the second quarter of 2015 compared to a GAAP net loss of $(3.8) million for the second quarter of 2014. GAAP EPS loss was $(0.05) for the second quarter of 2015, based on 116.2 million weighted-average shares outstanding, compared to a GAAP EPS loss of $(0.04) for the second quarter of 2014, based on 85.5 million weighted-average shares outstanding.
• Non-GAAP Net Income/(Loss) and EPS: Non-GAAP net income was $1.8 million for the second quarter of 2015 compared to a loss of $(1.6) million for the second quarter of 2014. Non-GAAP diluted EPS was $0.01 for the second quarter of 2015 based on 122.5 million weighted-average diluted shares outstanding, compared to non-GAAP diluted EPS loss of $(0.02) for the second quarter of 2014 based on 85.5 million weighted-average shares outstanding.
• Cash and Cash Flows: As of June 30, 2015, Glu had cash and cash equivalents of $189.7 million, an increase of $124.0 million from the end of the prior quarter primarily due to the net proceeds we received during the quarter from the sale of an aggregate of 21.0 million of our shares of common stock to Red River Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited, the world’s largest gaming company. The company continues to have no debt.
  
  Cash flows used in operations were $(1.2) million for the second quarter of 2015 compared to $5.0 million cash generated from operations for the second quarter of 2014.

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 “Use of Non-GAAP Financial Measures.”

Recent Developments and Strategic Initiatives:

• In August 2015, we announced an exclusive, multi-year mobile game partnership with Nicki Minaj.
• In August 2015, we announced an exclusive, multi-year mobile game partnership with our first male celebrity, Jason Statham.

• In August 2015, we settled our litigation with Hothead Games in which they have agreed to make payments to Glu, including ongoing payments, the details of which are confidential.
• In July 2015, we announced the availability of Mission Impossible – Rogue Nation.
• In June 2015, we completed the second tranche of the strategic investment from a subsidiary of Tencent Holdings Limited.
• In June 2015, we announced the availability of Cooking Dash 2016 and Terminator Genisys: Revolution.
• In May 2015, we announced the launch of a television commercial and YouTube campaign in support of Kim Kardashian: Hollywood.

“We are pleased with our second quarter results, highlighted by our ability to exceed expectations across all key operating metrics,” stated Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer. “The combination of our exciting pipeline of title launches and significantly strengthened balance sheet, positions the company to maintain its momentum longer-term.”

Business Outlook as of August 4, 2015:

The following forward-looking statements reflect expectations as of August 4, 2015. 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 continue to successfully launch and update new games; 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.

Third Quarter Expectations – Quarter Ending September 30, 2015:

• Non-GAAP revenue is expected to be between $58.0 million and $60.0 million.
• Non-GAAP gross margin is expected to be approximately 60.5%.
• Non-GAAP operating expenses are expected to be between $36.8 million and $36.0 million.
• Adjusted EBITDA, defined as non-GAAP operating income/(loss) excluding depreciation of approximately $0.7 million, is expected to range from a loss of $(1.0) million to a profit of $1.0 million.
• Income tax is expected to be an expense of approximately $0.6 million.
• Non-GAAP net income/(loss) is expected to be between $(2.2) million and ($0.2) million, or between $(0.02) and $0.00 per weighted-average basic share outstanding, which excludes approximately $3.0 million of anticipated stock-based compensation expense and $2.4 million for amortization of intangibles.
• Weighted-average common shares outstanding are expected to be approximately 127.5 million basic and 134.1 million diluted.

2015 Expectations – Full Year Ending December 31, 2015:

• Non-GAAP revenue is expected to be between $267.0 million and $282.0 million.
• Non-GAAP gross margin is expected to be approximately 61.3%.
• Adjusted EBITDA is expected to range from $22.5 million to $27.5 million.

• Non-GAAP net income is expected to be between $18.7 million and $23.7 million, or between $0.15 and $0.19 per weighted-average diluted share outstanding, which excludes approximately $12.0 million of anticipated stock-based compensation expense, $9.7 million for amortization of intangibles and the proceeds from the settlement of the Hothead Games litigation, net of costs incurred.
• Weighted-average common shares outstanding are expected to be approximately 119.1 million basic and 125.2 million diluted.
• We expect to have cash and short-term investments at December 31, 2015 of at least $200.0 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 # 79332466 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, August 4, 2015, and 8:59 p.m. Pacific Time, August 11, 2015, by calling (855) 859-2056, or (404) 537-3406, with conference ID # 79332466.

Disclosure Using Social Media Channels and Calculation of Social Followers

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), the company twitter account (https://twitter.com/glumobile) and Mr. de Masi’s twitter account (https://twitter.com/niccolodemasi). Investors, the media, players or other interested parties can subscribe to the company blog and twitter feed and Mr. de Masi’s 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.

*Glu calculates the aggregate number of social followers of a particular celebrity licensor by adding the total followers on Facebook, Twitter, Instagram, Vevo and Vine for such celebrity. There is fan overlap among these social channels and among Glu’s various celebrity licensors, and such aggregate numbers have not been deduplicated.

Nicki Minaj’s social followers as of August 3, 2015 included: 42.3 million on Facebook, 20.0 million on Twitter, 30.4 million on Instagram, 9.1 million on Vevo, and 163.4 thousand on Vine.

Jason Statham’s social followers as of August 3, 2015 included: 51.5 million on Facebook, and 2.5 million on Instagram.

The nearly 650 million total social followers supporting celebrity titles that Glu expects to be live by the end of 2016 is based on the combined Facebook, Twitter, Instagram, Vevo, and Vine audiences of Katy Perry, Kim Kardashian West, Kendall and Kylie Jenner, Britney Spears, Nicki Minaj and Jason Statham as of August 3, 2015.

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 revenue, non-GAAP smartphone revenue, non-GAAP cost of revenue, non-GAAP operating expenses, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income/(loss), non-GAAP net income/(loss) and non-GAAP basic and diluted net income/(loss) per share. These non-GAAP financial measures exclude the following items from Glu's unaudited consolidated statements of operations:

• Change in deferred revenue and deferred cost of revenue;
• Amortization of intangible assets;
• Non-cash warrant expense;
• Stock-based compensation expense;
• Restructuring charges;
• Change in fair value of Blammo earnout;
• Litigation costs;
• Transitional costs;
• Release of tax liabilities and valuation allowance; 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. Adjusted EBITDA is defined as non-GAAP operating income/(loss) excluding depreciation. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by non-GAAP revenue.

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 August 4, 2015” (“Third Quarter Expectations – Quarter Ending September 30, 2015” and “2015 Expectations – Full Year Ending December 31, 2015”), and the statements regarding the ongoing traction with our catalog titles and innovative new title launches positioning Glu for record second half revenues; our confidence in our ability to drive year-over-year revenue growth over the next five years; our partnerships with Nicki Minaj and Jason Statham taking our total social following of celebrity titles live by the end of 2016 to nearly 650 million, and the combination of our exciting pipeline of title launches and significantly strengthened balance sheet positioning our company to maintain its momentum longer-term. 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 August 4, 2015"; the risk that Glu does not realize the anticipated strategic benefits from our partnerships with Nicki Minaj and Jason Statham; the risk that the number of social followers of our celebrity partners does not correlate to strong performance for our celebrity titles; 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 complying with Apple’s requirement that our games support 64-bit development will negatively impact revenue and increase expenses; 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; the risk that we may lose a key intellectual property license; the risk that we are unable to recruit and retain qualified personnel for developing and maintaining the games in our product pipeline resulting in reduced monetization of a game, product launch delays or games being eliminated from our pipeline altogether and other risks detailed under the caption "Risk Factors" in our Form 10-Q filed with the Securities and Exchange Commission on May 11, 2015 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, COOKING DASH, DEER HUNTER, DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO, RACING RIVALS, and TAP SPORTS BASEBALL, and branded IP games including KIM KARDASHIAN: HOLLYWOOD, MISSION IMPOSSIBLE: ROGUE NATION, ROBOCOP: THE OFFICIAL GAME, and TERMINATOR GENISYS: REVOLUTION, on the App Store, Google Play, Amazon Appstore, Facebook, Mac App Store, and Windows Phone. 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 major U.S. offices outside Seattle and in Long Beach, 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, COOKING DASH, DEER HUNTER, DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO, RACING RIVALS, TAP SPORTS BASEBALL, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile Inc. or its subsidiaries.

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 Revenue and Deferred Cost of Revenue. 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 revenue and any associated cost of revenue, 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 revenue 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 revenue and deferred cost of revenue from its operating results is important to facilitate comparisons to prior periods 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 and fourth quarters of 2014 and the first half of 2015, Glu recorded a non-cash charge related to the vesting of warrants to purchase shares of common stock issued to brand holders as part of third party licensing, development and publishing arrangements. These charges were computed using the Black-Scholes valuation model and were recorded in cost of revenue. 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. The Company applies the fair value provisions of ASC 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires the recognition of compensation expense, using a fair-value based method, for costs related to all share-based payments. Included in the stock compensation expense was the contingent consideration that was subsequently issued to the Blammo employees who were former shareholders of Blammo, which was recorded as research and development expense over the term of the earn-out periods, since these employees were primarily employed in product development. Glu re-measured the fair value of the contingent consideration each reporting period and only recorded a compensation expense for the portion of the earn-out target which was achieved. 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 second, third and fourth quarters of 2014 and recorded cash restructuring charges due to the termination of certain employees in its 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 were achieved. Glu recorded the estimated contingent consideration liability at acquisition and adjusted 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.

Litigation Proceeds and Costs. These proceeds and expenses consist primarily of one-time settlement payments received from, and legal fees incurred in connection with, intellectual property infringement matters. The Company excludes these proceeds and costs from its non-GAAP measures as these proceeds and costs are isolated, unpredictable and not expected to recur regularly, and the Company believes that these non-recurring proceeds and costs have no direct correlation to the operation of the Company’s ongoing core business.

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. Glu has incurred various costs related to the acquisition and integration of PlayFirst and Cie Games 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 and valuation allowance. In the third and fourth quarters of 2014 Glu adjusted a portion of its deferred tax asset valuation allowance as a result of the deferred tax liabilities recorded in connection with the Cie Games acquisition. Glu believes that these non-recurring, one-time tax adjustments do not reflect its ongoing operations and that investors benefit from a supplemental non-GAAP financial measure that excludes these adjustments.

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 losses recognized during 2014 and 2015 were as follows (in thousands):

CONTACT:
ICR, Inc.
Seth Potter, 646-277-1230
ir@glu.com

Exhibit 99.02

Page 1 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary Glu Mobile Inc. Q2 2015 Earnings Call August 4, 2015 Page 1 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. –

Page 2 Proprietary Safe Harbor Statement This presentation contains "forward-looking" statements including: Glu expects to have 825 employees, 700 of which will be in R&D, by the end of 2015; the expected next title releases for each of our core franchises; that we are minimally exposed to increases in advertising rates; that we only enter new genres where we can be the top two; our long-term focus is on being the best in the world in a given genre; that by 2020 there are expected to be approximately 4 billion smartphones; the estimated size of the global games market, overall and by segment, for 2015; the expected launch dates for our upcoming celebrity titles; strong social features in a game will lead to long tail revenues; Glu’s expected approach to integrating social features in its games; Glu has multiple growth opportunities through wearables, the quad screen future, mobile ad spending and international expansion; that we have a growing and engaged installed base; our Q3-2015 and full year 2015 guidance; that greater product diversification is expected in our overall 2015 revenues; the expected contribution margin flow through of our gross revenue; our five year goals of annual revenue growth of 20% to 30%, $1 billion of non-GAAP revenue by 2020 and all quarters from Q3-2014 onward being Adjusted EBITDA profitable; our long-term margin targets. 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: 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-toplay games for smartphones and tablets; the risk that we do not maintain our good relationships with Apple and Google; the risk that Glu does not realize the anticipated strategic benefits from its celebrity partnerships; the risk that our development expenses are greater than we anticipate or that we experience product delays; 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-Q filed with the Securities and Exchange Commission on May 11, 2015 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 August 4, 2015 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. Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 3 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 revenue, non-GAAP smartphone revenue, non-GAAP cost of revenue, 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, Adjusted EBITDA and Adjusted EBITDA margin. These non- GAAP financial measures exclude the following items from Glu's unaudited consolidated statements of operations: • Change in deferred revenue and deferred cost of revenue; • Amortization of intangible assets; • Non-cash warrant expense; • Stock-based compensation expense; • Restructuring charges; • Change in fair value of Blammo earnout; • Transitional costs; • Litigation costs; • Release of tax liabilities and valuation allowance; and • Foreign 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. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by non-GAAP revenue. 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 at the end of this presentation. Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 4 Executive Summary  - Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 5 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Seasoned Management Team Chris Akhavan Pres. of Publishing 10 Quarters Eric R. Ludwig COO & CFO 43 Quarters Niccolo de Masi Chairman & CEO 23 Quarters  Page 6 © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary Diversified Studio Infrastructure •

Page 7   825 employees, 700 in R&D expected by end of 2015 • Game teams in diverse locations: San Francisco, CA Bellevue, WA, Long Beach, CA Portland, OR Toronto, Canada Moscow, Russia Beijing, China Hyderabad, India  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 8   37.9% 4-Year Topline CAGR $66.9 $82.7 $108.9 $113.4 $241.8 2010 2011 2012 2013 2014 Non-GAAP revenue has been restated or revised, as appropriate, to reflect gross accounting for digital storefronts for 2010, 2011, 2012 and Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release Non-GAAP Revenue ($m) Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 9  *Computed based on the respective year’s total non-GAAP smartphone revenue from games internally developed by Glu, except that Racing Rivals is included in revenue for 2014, divided by the # of internally developed games launched by Glu in that year, including Racing Rivals for 2014. Certain games that were launched in one year, may contribute significantly to revenue in a subsequent year, such as Deer Hunter 2014, which was launched in 2013, but also contributes to the “batting average” for 2014. Non-GAAP revenue has 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 $2.6 $2.7 $4.5 $8.7 $18.1 2010 2011 2012 2013 2014  Non-GAAP Revenue per Title Launch ($m) ‘Batting Average’ Improving* Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 10 Consistent & Improving ‘Hit Ratio’ *Based on top grossing ranking for all games on the US App Store for iPhone through December 31, 2014; Racing Rivals has been considered a 2014 launch in the above analysis 0 5 10 15 20 25 0% 20% 40% 60% 80% 100% 2012 2013 2014 % of new Glu launches reaching Top 25 grossing games % of new Glu launches reaching Top 50 grossing games % of new Glu launches reaching Top 100 grossing games Total # of Glu game launches Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 11 0 10 20 30 40 50 60 70 80 Tons of Guns Gang Lords Small City Gun Bros 2 Zombies Ate My Friends Samurai vs Zombies Defense 2 Heroes of Destiny Stardom Hollywood Frontline Commando: D-Day Deer Hunter 2014 Hercules Knights of Puzzlelot Defenders & Dragons Amazing Battle Creatures Motocross Meltdown Diner Dash Tap Sports Baseball 2014 Frontline Commando 2 Robocop Dino Hunter Contract Killer: Sniper Racing Rivals Kim Kardashian Hollywood Improving Batting Average & Consistency • 2014 Average: $11.2M • 2013 Average: $6.3M  First 6 Months Non-GAAP Revenue ($m) Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 12 Leader in 6 Key Gamer Demographics Franchise Releases Next Next CK Next FLC Next Dash ARPG Time Management Racing Narrative RPG FPS Sports Acquired Organic Combination  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 13 Game* Total months in US top 30 grossing games** 1. Game of War – Fire Age 23 months 2. Clash of Clans 33 months 3. Candy Crush Saga 31 months 4. Candy Crush Soda Saga 8 months 5. Boom Beach 15 months 6. DoubleDown Casino 28 months 7. Big Fish Casino 33 months 8. Slotomania 33 months 9. MARVEL Contest of Champions 7 months 10. Jurassic World: The Game 0 months 11. Fallout Shelter 0 month 12. Kim Kardashian: Hollywood 13 months 13. 8 Ball Pool 6 months 14. Farm Heroes Saga 18 months 15. Summoners War 6 months Game* Total months in US top 30 grossing games** 16. Hay Day 33 months 17. Minecraft: Pocket Edition 32 months 18. SimCity BuildIt 6 months 19. Gummy Drop 4 months 20. Cookie Jam 12 months 21. The Simpsons: Tapped Out 30 months 22. Hearthstone: Heroes of Warcraft 2 months 23. The Sims: FreePlay 22 months 24. Family Guy: The Quest for Stuff 11 months 25. Racing Rivals 10 months 26. Wizard of Oz Free Slots 3 months 27. MyVEGAS Slots 18 months 28. GSN Casino 22 months 29. Criminal Case 2 months 30. Tap Sports Baseball 2015 0 months Building Annuities *Based on top grossing ranking for all games on the US App Store for iPhone taken on June 27, 2015, AppAnnie.com **Based on total number of full calendar months between October 2012 – June 2015 the respective game ranked as a top 30 grossing iPhone game based on aggregate revenue estimates for each game on a monthly basis in the United States, App Annie Intelligence © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary

Page 14 Robocop $6.5M 31% 21% 9% 8% 4% 3% 3% 2% 2% 2% 15% Kim Kardashian: Hollywood $74.3M Deer Hunter 2014 $52.0M Eternity Warriors 3 $20.9M Racing Rivals $18.3M Dino Hunter: Deadly Shores $10.0M Frontline Commando: D-Day $6.6M Contract Killer: Sniper $6.2M Frontline Commando 2 $5.8M Other catalog $36.9M Contract Killer 2 $4.4M 2014: Non-GAAP Revenue Delivery from a Broad Portfolio  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 14 Robocop $6.5M 31% 21% 9% 8% 4% 3% 3% 2% 2% 2% 15% Kim Kardashian: Hollywood $74.3M Deer Hunter 2014 $52.0M Eternity Warriors 3 $20.9M Racing Rivals $18.3M Dino Hunter: Deadly Shores $10.0M Frontline Commando: D-Day $6.6M Contract Killer: Sniper $6.2M Frontline Commando 2 $5.8M Other catalog $36.9M Contract Killer 2 $4.4M 2014: Non-GAAP Revenue Delivery from a Broad Portfolio  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 15 • Revenue Diversity: Ad Revenues Hedge Against CPI Increases Industry leading % revenue contribution from Ads • Minimally exposed to increases in CPI $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 Q114 Q214 Q314 Q414 Q115 Q215 Ad Revenue (in Thousands) Variable Marketing Expense (in thousands) 14.7% 19.5% 14.9% 15.5% 14.8% 15.5% 17.8% 15.6% 15.3% 12.6% 15.5% 17.6% 0% 5% 10% 15% 20% 25% Q114 Q214 Q314 Q414 Q115 Q215 Ad Revenue as % of Total Revenue Variable Marketing as % of Total Revenue Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 17 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 16 Systematic inculcation of team-talent-studio-product alignment • Specialization of talent on each game engine – expertise, experience, passion, tech & tools • Only enter new genres where can be top two – either in the category or are the category • Long term focus on being the best in the world in given genre ‘Moneyball’ Studio Strategy Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 17 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 18 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 19 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary 2 YEARS OF RACING FOR PINK SLIPS TOTAL YEARS SPENT PLAYING 32,467 41. MILLION TOTAL NUMBER OF CARS WON IN PINK SLIP RACES MOST POULAR CARS AROUND THE WORLD 56 MILLION TOTAL DOWNLOADS TURKEY OR CHICKEN SHIFT ACE IMPATIENCE IS A VIRTURE

Page 20 Growth Landscape Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 21 Smartphone Adoption Continues Apace Source: The Economist: Week of Feb 28-Mar 6, 2015 Total Smartphone Connections 2009: ~0.6B 2014: ~2.3B ~4x Growth in installed base By 2020 expect ~4B smartphones Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 22 Mobile is the Largest Game Market Source: Super Data Research: May 20, 2015 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 23 Social Power CELEBRITY APPS REACH* EXPECTED LAUNCH Kim Kardashian West 102m June 22, 2014 Jason Statham 54m Q415 Katy Perry 1 89m Q415/Q116 Kylie & Kendall Jenner 108m Q415/Q116 Britney Spears 91m H1 2016 Nicki Minaj 102m Mid 2016 *Aggregate # of followers across Facebook + Twitter + Instagram + Vevo + Vine + Tumblr followers as of August 3, 2015. There is some overlap of these social audiences between channels and celebrities. Glu Mobile Q2 2015 • 118m viewers – all time record half time viewing • Katy Perry herself – 189m total social followers 646m* total social followers inked • Long term partnerships Earnings © Glu Mobile Inc. – Proprietary

Page 24 * • 5-year exclusive mobile gaming partnership • Dynamic and interactive promotion & engagement ‘5-Year Super Bowl Commercial’ *Aggregate # of followers across Facebook + Twitter + Instagram + Vevo + Vine + Tumblr followers as of August 3, 2015. There is some overlap of these social audiences between channels and celebrities. Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary Typical mobile game

Page 25 Strong Social = Long Tail Revenues Peak at launch, then declining curve VS. Flat to increasing curve, peak revenue 16 months post launch Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary Social Requires Same Approach as Monetization 2013 2014 2015 2016 2017 • Deeper Monetization • Business-minded product leadership • Studio specialization • Genre-appropriate social • User participation • Weigh social-feature impact 100% 0% Proportion of our portfolio One full product + thought cycle Proportion of our portfolio One full product + thought cycle 100% 0% Deeply Social No ‘golden hammer’

Page 26 Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 27 Glu Analytics Capabilities: • Capable of processing 70 million events per second • Ingesting 2 billion events per day • Aggregating 75 million KPI metrics per day • 2 trillion event capacity, easily scalable Usage of Analytics: • Optimization of user acquisition, retention, paying user conversion & LTV • Continually refining game performance through testing and analysis Glu & Big Data Analytics Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 28 Multiple Long-Term Growth Opportunities $ $ $ Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 30  Financial Investment Highlights • Strong top line growth • Diversified portfolio of franchises • Cost-effective customer acquisition • Long tail games provide significant visibility • Growing & engaged installed base     Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 31 Q215 Financial Summary Q215 Non-GAAP Guidance (in millions, except EPS) Actuals Low High Revenue $ 57.5 $ 50.0 $ 52.0 Gross Profit 36.0 30.8 32.0 Gross Margin 62.6% 61.5% 61.5% Operating Expenses 35.0 36.4 35.7 Depreciation 0.7 0.7 0.7 Adjusted EBITDA $ 1.7 $ (5.0) $ (3.0) Basic: Earnings/(Loss) per Share $ 0.02 ($0.05) $ (0.03) Basic Shares 116.2 116.5 116.5 Diluted: Earnings per Share $ 0.01 ($0.05) $ (0.03) Diluted Shares 122.5 122.1 122.1  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 32 Q215 Non-GAAP Results ($ in millions) Q215 Q115 Q/Q Q214 Y/Y Total Revenue $ 57.5 $ 62.4 (8%) $ 35.0 64% Gross Profit 36.0 39.0 (8%) 24.1 49% Gross Margin 62.6% 62.5% 5 bp 68.9% (631) bp Operating Expense 35.0 35.9 (2%) 25.6 37% Operating Income/(Loss) 1.0 3.2 (69%) (1.5) (165%) Adjusted EBITDA $ 1.7 $ 3.9 (56%) $ (0.9) (289%)  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 33 Non-GAAP Revenue and Adjusted EBITDA $24.7 $23.2 $22.6 $42.8 $47.0 $35.0 $83.6 $76.2 $62.4 $57.5 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (In millions) Non-GAAP Revenue ($1.4) ($2.9) ($4.1) $6.2 $6.5 ($0.9) $15.4 $14.1 $3.9 $1.7 $(10.0) $(5.0) $- $5.0 $10.0 $15.0 $20.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (In millions) Adjusted EBITDA Non-GAAP revenue has been restated to reflect gross accounting for digital storefronts Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release.  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 34 % of Non-GAAP Revenue Non-GAAP revenue has been restated to reflect gross accounting for digital storefronts Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release. 14% 15% 14% 8% 9% 12% 6% 8% 10% 9% 20% 22% 24% 25% 20% 22% 18% 16% 20% 22% 44% 48% 49% 27% 28% 39% 17% 20% 28% 30% 23% 24% 24% 23% 25% 23% 26% 25% 26% 25% 4% 3% 5% 1% 2% 4% 13% 11% 10% 10% 3% 4% 5% 3% 3% 4% 2% 2% 2% 3% 0% 20% 40% 60% 80% 100% 120% 140% Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 Hosting and other costs Royalties Platform commissions R&D Opex S&M Opex G&A Opex   Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 35 Non-GAAP Revenue by Geography 17.2 14.7 13.0 11.6 10.5 9.6 19.6 5.6 5.5 7.1 7.0 7.8 6.6 7.3 6.4 5.9 6.3 6.0 6.1 5.6 8.0 - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 Q212 Q312 Q412 Q113 Q213 Q313 Q413 NA APAC ROW (In millions) Q2 2015 24.1 20.0 56.9 50.7 44.5 41.8 12.6 6.8 9.7 9.8 8.5 7.6 10.3 8.2 16.9 15.7 9.4 $47.0 8.1 $35.0 $83.6 $76.2 $62.4 $57.5 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 Q114 Q214 Q314 Q414 Q115 Q215 NA APAC ROW 73% 13% 14% Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary 59% 59% 60% 61% 59% 56% 67% 62% 27% 60% 61% 29% 29% 35% 38% 38% 31% 36% 38% 38% 14% 12% 11% 4% 3% 6% 2% 2% 2% 1% $24.7 $23.2 $22.6 $42.8 $47.0 $35.0 $83.6 $76.2 $62.4 $57.5 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (In millions) Non-GAAP Revenue by Platform iOS Android All Other 73% 78% 77% 76% 83% 76% 85% 85% 85% 82% 11% 10% 12% 20% 15% 20% 15% 15% 15% 18% 16% 12% 11% 4% 2% 4% $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (In millions) Non-GAAP Revenue by Category In-App Purchases Ads Premium/All Other                    

Page 36 Non-GAAP Revenue Mix Non-GAAP revenue has been restated to reflect gross accounting for digital storefronts for Q113 and prospectively, as outlined in the Company’s 8/6/2013 Form 8-K and press release. The presentation of platform and category mix contribution in prior presentations was reported as a percentage of non-GAAP smartphone revenue. All prior percentages in the above graphs have been updated to reflect each category’s respective percentage of total non-GAAP revenue. The ‘Premium/All Other’ revenue include featurephone revenue.                                                   Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 37  Non-GAAP Revenue by Vintage $57.5M Total Non-GAAP Revenue in Q215 Deer Hunter 2014 $6.5M Racing Rivals $9.3M Dino Hunter: Deadly Shores $1.4M Tap Sports Baseball 2014 $0.5M Contract Killer: Sniper $5.3M Diner Dash $1.5M Blood and Glory Immortals $0.8M Tap Sports Baseball 2015 $5.2M Frontline Commando WW2 $1.4M Cooking Dash 2016 $0.8M Terminator Genisys: Revolution $0.4M Frontline Commando 2 $0.9M RoboCop $0.3M Kim Kardashian: Hollywood $18.0M Q214, 18,008 , 31% Q314, 11,221 , 20% Q313, 6,691 , 12% Q414, 6,850 , 12% Other, 4,789 , 8% Q114, 1,249 , 2% Q115, 838 , 1% Q215, 7,834 , 14%  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 38 Strong Balance Sheet ($ in millions) Q215 Q115 Q214 Cash and cash equivalents $ 189.7 $ 65.7 $ 71.5 Accounts receivable, net 25.1 24.5 16.0 Prepaid expenses, royalties and other current assets 33.8 27.3 6.5 Other assets 15.9 19.3 6.7 Intangible assets & goodwill 110.5 112.9 38.9 Total Assets $ 374.9 $ 249.7 $ 139.5 Accounts payable and accrued liabilities 13.6 15.1 11.7 Accrued expenses, royalties and other liabilities 29.5 28.0 12.0 Deferred revenue 31.2 30.7 14.7 Common stock/Paid in capital 549.0 419.2 356.4 Accumulated deficit & other comprehensive income (248.4) (243.3) (255.3) Total Liabilities and Stockholders' Equity $ 374.9 $ 249.7 $ 139.5    Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 39 Strong Consumer Interest 52.2 40.8 49.9 79.6 105.6 60.2 107.7 89.4 72.6 87.6 0.0 20.0 40.0 60.0 80.0 100.0 120.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (in Millions) Installs 436.0 476.8 526.7 606.3 711.9 772.1 879.8 969.2 1,041.8 1,129.5 0.0 200.0 400.0 600.0 800.0 1,000.0 1,200.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (in Millions) Cumulative Installs  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 40 MAU and DAU Trends 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. 3.9 2.9 4.3 6.4 7.0 5.3 7.2 7.2 6.0 6.1 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (in Millions) DAU 40.1 29.4 45.2 56.3 64.5 51.9 60.3 62.6 54.6 59.6 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 (in Millions) MAU   © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary                                            

Page 41 Guidance © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary 2015 Guidance • © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary 12 Launches in 2015                                        

Page 42  2015 Guidance Maintaining the midpoint of our full year 2015 revenue guidance range • No Kim Kardashian: Hollywood or Deer Hunter 2014 sized hits assumed out of the gates • Second half of 2015 to be driven by our new title launches and continued catalog strength  © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary

Page 43 12 Launches in 2015 Q115 Q215 Q315 Q415 Next Celeb

Page 44 Strong Contribution Margin Flow Through % of Gross Revenues Original IP Low High Gross Revenue 100.0% 100.0% 100.0% Platform Fees 25.6% 25.6% 25.6% Royalties 0.0% 6.9% 24.0% Gross Margin 74.4% 67.5% 50.4% User Acquisition 15.0% 15.0% 15.0% Contribution Margin of Incremental $1.00 of Gross Revenue 59.4% 52.5% 35.4% Branded IP Royalty © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary                                 

Page 45 2015 Full Year Guidance Guidance ($ in millions) Q115 Q215 Q315 Q415 2015 Total Revenue (Low) $62.4 $57.5 $58.0 $89.1 $267.0 Total Revenue (High) $62.4 $57.5 $60.0 $102.1 $282.0 Adjusted EBITDA (Low) $3.9 $1.7 ($1.0) $17.9 $22.5 Adjusted EBITDA (High) $3.9 $1.7 $1.0 $20.9 $27.5 © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary

Page 46 Q315 Guidance ($ in millions, except EPS) Q215 Act Q315 Guidance Q315 Guidance Low High Total Revenue $57.5 $58.0 $60.0 Gross Margin 62.6% 60.5% 60.5% Operating Expense 35.0 36.8 36.0 Operating Income/(Loss) 1.0 (1.7) 0.3 Depreciation Addback 0.7 0.7 0.7 Adjusted EBITDA $1.7 ($1.0) $1.0 Net Income/(Loss) 1.8 (2.2) (0.2) Basic Shares (millions) 116.2 127.5 127.5 Diluted Shares (millions) 122.5 134.1 134.1 Net Income/(Loss) Per Basic Share $0.02 ($0.02) ($0.00) Net Income/(Loss) Per Diluted Share $0.01 ($0.02) ($0.00)    © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary  

Page 47 Full Year Guidance ($ in millions, except EPS) 2014 Act Low High Total Revenue $241.8 $267.0 $282.0 Gross Margin 63.3% 61.3% 61.3% Operating Expense 120.5 144.1 148.3 Operating Income/(Loss) 32.6 19.6 24.6 Depreciation Addback 2.5 2.9 2.9 Adjusted EBITDA $35.1 $22.5 $27.5 Net Income/(Loss) 33.3 18.7 23.7 Basic Shares (millions) 91.8 119.1 119.1 Diluted Shares (millions) 96.9 125.2 125.2 Net Income/(Loss) Per Basic Share $0.36 $0.16 $0.20 Net Income/(Loss) Per Diluted Share $0.34 $0.15 $0.19 Cash and ST Investments Balance $70.9 $200.0

Page 48 Long-Term Model © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary •

Page 49  Annual Revenue Growth of 20% to 30% • $1 Billion of Non-GAAP Revenue in 2020 • All Quarters From Q314 Onwards Adjusted EBITDA Profitable Long Term Operating Model: Five Year Goals Glu’s goals with respect to revenue growth and EBITDA profitability illustrate potential outcomes if our business strategies are successful. These goals should not be treated as forecasts, projections or financial guidance. We cannot assure you that we will achieve any particular growth rate and our revenue and EBITDA may not grow at all. Our performance is subject to many material risks and uncertainties that could cause our actual performance to fall short of these goals, including the risks discussed in our Quarterly Report on Form 10-Q filed with the SEC on May 11, 2015 and our other SEC filings. © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary

Page 50  Long Term Margin Targets 50 % of Non-GAAP Revenue LTM Low High Revenue 100.0% 100.0% 100.0% Platform Fees 25.4% 24.8% 24.0% Royalties 11.1% 15.7% 14.0% Hosting 2.2% 1.8% 1.8% Gross Margin 61.3% 57.7% 60.2% R&D 23.2% 15.9% 14.2% S&M 3.4% 3.0% 2.5% S&M: User Acquisition 15.1% 15.0% 15.0% G&A 8.0% 4.8% 4.5% Subtotal: Opex 49.7% 38.7% 36.2% Depreciation/Amortization 1.0% 1.0% 1.0% Adjusted EBITDA Margin 12.6% 20.0% 25.0% Long Term Target  © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary  

Page 51 Key Statistics Stock Price $5.87 52 Week High $7.03 52 Week Low $3.27 Shares Outstanding 130.7 Avg. Daily Volume (last 90 days) 3,136,351 Market Capitalization $766.3 Debt $0 Cash $189.7 Enterprise Value $576.6 Shares Outstanding is as of July 31st, 2015 Cash balance is as of June 30th, 2015 Average Daily Volume is calculated using the last 90 calendar days Market Statistics (as of July 31, 2015) (in millions except per share and volume data)  © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary    

Page 52 Investment Highlights • Benefitting from strong secular global mobile growth • Tencent investment provides strengthened balance sheet • Diversified portfolio of franchises • Strong 2015 title roadmap • Financials benefitting from significant investments  © Glu Mobile Glu Mobile Q2 2015 Earnings Inc. – Proprietary          

Page 53 Non-GAAP Reconciliations  Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 54 Q215 GAAP to Non-GAAP Reconciliation Condensed Consolidated Statements of Operations GAAP to Non-GAAP Reconciliation (in thousands, except per share data) (unaudited) GAAP Results Change in deferred revenue Change in deferred platform commissions and royalty expense Amortization of intangible assets Stock-based compensation Litigation costs Non-cash warrant expense Foreign currency exchange loss Non-GAAP Results Revenue $ 56,150 $ 1,329 $ - $ - $ - $ - $ - $ - $ 57,479 Cost of revenue: Platform commissions, royalties and other 21,320 - 321 - - - (135) - 21,506 Amortization of intangible assets 2,434 - - (2,434) - - - - - Total cost of revenue 23,754 - 321 (2,434) - - (135) - 21,506 Gross profit 32,396 1,329 (321) 2,434 - - 135 - 35,973 Operating expenses: Research and development 18,308 - - - (836) - - - 17,472 Sales and marketing 12,771 - - - (282) - - - 12,489 General and administrative 7,429 - - - (1,914) (476) - - 5,039 Amortization of intangible assets 32 - - (32) - - - - - Total operating expenses 38,540 - - (32) (3,032) (476) - - 35,000 Income/(loss) from operations (6,144) 1,329 (321) 2,466 3,032 476 135 - 973 Interest and other income/(expense), net: (174) - - - - - - 186 12 Income/(loss) before income taxes (6,318) 1,329 (321) 2,466 3,032 476 135 186 985 Income tax provision 809 - - - - - - - 809 Net income/(loss) $ (5,509) $ 1,329 $ (321) $ 2,466 $ 3,032 $ 476 $ 135 $ 186 $ 1,794 Net loss per share - basic and diluted $ (0.05) Earnings per share Basic $ 0.02 Diluted $ 0.01 Number of shares used in computation - basic and diluted $ 116,169 Number of shares used in computation 116,169 Basic 122,538 Diluted Three Months Ended June 30, 2015   Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 55 Q214 GAAP to Non-GAAP Reconciliation Condensed Consolidated Statements of Operations GAAP to Non-GAAP Reconciliation (in thousands, except per share data) (unaudited) GAAP Results Change in deferred revenue Change in deferred platform commissions and royalty expense Amortization of intangible assets Stock-based compensation Transitional costs Restructuring charge Change in fair value of Blammo earnout Foreign currency exchange loss Non-GAAP Results Revenue $ 40,910 $ (5,874) $ - $ - $ - $ - $ - $ - $ - $ 35,036 Cost of revenue: Platform commissions, royalties and other 12,432 - (1,527) - - - - - - 10,905 Amortization of intangible assets 441 - - (441) - - - - - - Total cost of revenue 12,873 - (1,527) (441) - - - - - 10,905 Gross profit 28,037 (5,874) 1,527 441 - - - - - 24,131 Operating expenses: Research and development 17,297 - - - (3,605) (20) - - - 13,672 Sales and marketing 7,989 - - - (190) - - - - 7,799 General and administrative 6,131 - - - (771) (662) - (531) - 4,167 Amortization of intangible assets 127 - - (127) - - - - - - Restructuring charge 159 - - - - - (159) - - - Total operating expenses 31,703 - - (127) (4,566) (682) (159) (531) - 25,638 Loss from operations (3,666) (5,874) 1,527 568 4,566 682 159 531 - (1,507) Interest and other income/(expense), net: (24) - - - - - - - 31 7 Loss before income taxes (3,690) (5,874) 1,527 568 4,566 682 159 531 31 (1,500) Income tax benefit (78) - - - - - - - - (78) Net loss $ (3,768) $ (5,874) $ 1,527 $ 568 $ 4,566 $ 682 $ 159 $ 531 $ 31 $ (1,578) Net loss per share - basic and diluted $ (0.04) $ (0.02) Number of shares used in computation - basic and diluted 85,549 85,549 Three Months Ended June 30, 2014   Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 56 YTD 2015 GAAP to Non-GAAP Reconciliation Condensed Consolidated Statements of Operations GAAP to Non-GAAP Reconciliation (in thousands, except per share data) (unaudited) GAAP Results Change in deferred revenue Change in deferred platform commissions and royalty expense Amortization of intangible assets Stock-based compensation Transitional costs Non-cash warrant expense Litigation costs Foreign currency exchange loss Non-GAAP Results Revenue $ 125,620 $ (5,694) $ - $ - $ - $ - $ - $ - $ - $ 119,926 Cost of revenue: Platform commissions, royalties and other 47,630 - (2,499) - - - (228) - - 44,903 Amortization of intangible assets 4,868 - - (4,868) - - - - - - Total cost of revenue 52,498 - (2,499) (4,868) - - (228) - - 44,903 Gross profit 73,122 (5,694) 2,499 4,868 - - 228 - - 75,022 Operating expenses: Research and development 36,551 - - - (1,595) - - - - 34,956 Sales and marketing 25,209 - - - (500) - - - - 24,709 General and administrative 14,835 - - - (3,066) (72) - (476) - 11,221 Amortization of intangible assets 159 - - (159) - - - - - - Total operating expenses 76,754 - - (159) (5,161) (72) - (476) - 70,886 Income/(loss) from operations (3,632) (5,694) 2,499 5,027 5,161 # 72 228 476 - 4,136 Interest and other income/(expense), net: (458) - - - - - - - 476 18 Income (loss) before income taxes (4,090) (5,694) 2,499 5,027 5,161 72 228 476 476 4,154 Income tax (295) - - - - - - - - (295) Net income/(loss) $ (4,385) $ (5,694) $ 2,499 $ 5,027 $ 5,161 $ 72 $ 228 $ 476 $ 476 $ 3,859 Net loss per share - basic and diluted $ (0.04) Earnings per share Basic $ 0.04 Diluted $ 0.03 Number of shares used in computation - basic and diluted 110,019 Number of shares used in computation Basic 110,019 Diluted 115,195 Six Months Ended June 30, 2015   Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 57 YTD 2014 GAAP to Non-GAAP Reconciliation Condensed Consolidated Statements of Operations GAAP to Non-GAAP Reconciliation (in thousands, except per share data) (unaudited) GAAP Results Change in deferred revenue Change in deferred platform commissions and royalty expense Amortization of intangible assets Stock-based compensation Transitional costs Restructuring charge Change in fair value of Blammo earnout Foreign currency exchange loss Non-GAAP Results Revenue $ 85,490 $ (3,497) $ - $ - $ - $ - $ - $ - $ - $ 81,993 Cost of revenue: Platform commissions, royalties and other 2 5,634 - (318) - - - - - - 25,316 Amortization of intangible assets 995 - - (995) - - - - - - Total cost of revenue 2 6,629 - (318) (995) - - - - - 25,316 Gross profit 5 8,861 (3,497) 318 995 - - - - - 56,677 Operating expenses: Research and development 3 2,876 - - - (5,922) (20) - - - 26,934 Sales and marketing 1 7,474 - - - (291) - - - - 17,183 General and administrative 1 1,057 - - - (1,332) (662) - (835) - 8,228 Amortization of intangible assets 254 - - (254) - - - - - - Restructuring charge 159 - - - - - (159) - - - Total operating expenses 6 1,820 - - (254) (7,545) (682) (159) (835) - 52,345 Income/(loss) from operations (2,959) (3,497) 318 1,249 7,545 682 159 835 - 4,332 Interest and other income/(expense), net: (154) - - - - - - - 167 13 Income/(loss) before income taxes (3,113) (3,497) 318 1,249 7,545 682 159 835 167 4,345 Income tax provision (522) - - - - - - - - (522) Net income/(loss) $ ( 3,635) $ (3,497) $ 318 $ 1,249 $ 7,545 $ 682 $ 159 $ 835 $ 167 $ 3,823 Net loss per share - basic and diluted $ (0.04) Earnings per share Basic $ 0.05 Diluted $ 0.04 Number of shares used in computation - basic and diluted $ 82,634 Number of shares used in computation Basic 8 2,634 Diluted 8 7,647

Page 58 Non-GAAP EBITDA Reconciliation Glu Mobile Inc. Non-GAAP Adjusted EBITDA (in thousands) (unaudited) March 31, June 30, September 30, December 31, March 31, June 30, 2014 2014 2014 2014 2015 2015 GAAP net income/(loss) $ 133 $ (3,768) $ 10,404 $ 1,379 $ 1,124 $ (5,509) Change in deferred revenue 2,377 (5,874) 18,762 3,363 (7,023) 1,329 Change in deferred platform commissions and royalty expense (1,209) 1,527 (9,122) (108) 2,819 (321) Non-cash warrant expense - - 1,126 66 93 135 Amortization of intangible assets 681 568 1,465 2,561 2,561 2,466 Depreciation 620 607 617 669 706 732 Stock-based compensation 2,979 4,566 1,954 2,134 2,129 3,032 Change in fair value of Blammo earnout 304 531 - - - - Transitional costs - 682 493 255 72 - Litigation costs - - - - - 476 Restructuring charge - 159 209 67 - - Foreign currency exchange loss 136 31 347 981 290 186 Interest income and other expense (6) (7) (7) (3) (6) (12) Income tax provision/(benefit) 444 78 (10,850) 2,773 1,104 (809) Total Non-GAAP Adjusted EBITDA $ 6,459 $ (900) $ 15,398 $ 14,137 $ 3,869 $ 1,705 For the Three Months Ended   Glu Mobile Q2 2015 Earnings © Glu Mobile Inc. – Proprietary

Page 59 Key Operating Metrics *DAU & MAU reflects the DAU & MAU figures for the last month of the quarter **FTE only, excludes contractors, temporary employees and consultants ***Q314 in-app purchase billable transactions and average revenue per billable transaction has been restated to include the impact of Cie Games activity after its acquisition on August 20, 2014 Actual Actual Actual Actual Actual Actual (All Revenue Figures are Non-GAAP) Q114 Q214 Q314 Q414 Q115 Q215 Total Revenue (in thousands) $46,957 $35,036 $83,553 $76,228 $62,447 $57,479 Total Revenue Growth Q/Q 10% (25%) 138% (9%) (18%) (8%) Total Revenue Growth Y/Y 90% 51% 270% 78% 33% 64% Original IP % of Total Revenue 91% 93% 37% 41% 43% 41% Platform Commissions (in thousands) $11,886 $8,155 $21,382 $19,391 $16,043 $14,162 Royalties (in thousands) 1,121 1,348 10,711 8,441 6,127 5,871 Hosting and other COGS (in thousands) 1,405 1,402 1,636 1,835 1,228 1,473 Total Cost of Revenue (in thousands) $14,411 $10,905 $33,729 $29,667 $23,398 $21,506 Non-GAAP Operating Expenses (in thousands) $ 26,707 $ 25,638 $ 35,043 $ 33,093 $ 35,886 $ 35,000 Variable Marketing Expense (in thousands) 7,271 5,456 12,800 9,641 9,693 10,103 Variable Marketing as % of Total Revenue 15% 16% 15% 13% 16% 18% Adjusted EBITDA (in thousands) 6,459 (900) 15,398 14,137 3,869 1,705 Headcount** (at quarter-end) 547 562 630 653 695 732 Daily Active Users (DAU)* (in millions) 7.0 5.3 7.2 7.2 6.0 6.1 Monthly Active Users (MAU)* (in millions) 64.5 51.9 60.3 62.6 54.6 59.6 Installs (in millions) 105.6 60.2 107.7 89.4 72.6 87.6 Cumulative Installs (in millions) 711.9 772.1 879.8 969.2 1,041.8 1,129.5 In-App Purchase Billable Transactions (in thousands)*** 3,286 2,257 7,778 7,477 5,896 5,723 Average Revenue per Billable Transaction*** $11.79 $11.84 $9.14 $8.62 $9.02 $8.24