Demand for Video & Mobile Gaming Apps Continue to Grow While the Multi-Billion Dollar Industry Fuels Revenue Growth Potential For Developers

Aug 21, 2015, 08:45 ET from FN Media Group LLC

CORAL SPRINGS, Florida, August 21, 2015 /PRNewswire/ --

Entertainment Software Association (ESA) estimates 155 million Americans play video games while according to eMarketer U.S. revenues are projected to grow 16.5% to over $3 billion this year as the mobile gaming industry is capturing a broader audience than traditional gaming alone.  Gaming Developers and Publishers with recent developments in the industry to take note of are Tapinator, Inc. (OTC: TAPM), Zynga, Inc. (NASDAQ: ZNGA), Electronic Arts Inc. (NASDAQ: EA), Glu Mobile Inc. (NASDAQ: GLUU) and Activision Blizzard (NASDAQ: ATVI).

Tapinator, Inc. (OTC: TAPM), an emerging growth company within the mobile gaming industry, announced financial and operating results and the filing of its quarterly report for the period ended June 30, 2015.  The complete report may be found at http://www.otcmarkets.com/stock/TAPM/filings.  "Tapinator continued to show significant business expansion in the second quarter of 2015," stated Tapinator CEO, Ilya Nikolayev.  "Our quarterly revenues grew 172% year-over-year and 49% quarter-over-quarter, representing our fifth consecutive quarter of at least double-digit sequential revenue growth.   Our revenue expansion can be attributed to both the continued broadening of our rapid-launch games portfolio, as well as our targeted investments into a small number of full-featured titles that we believe have significant long-term franchise potential.   In addition to our very strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA of $187,591 in the second quarter of 2015, an increase of 1,390% year-over-year and 68% sequentially.

Read the full TAPM financial report Press Release at http://www.financialnewsmedia.com/profiles/tapm.html

Tapinator is particularly pleased to deliver these results even as we continue to make substantial investments in new game development, marketing for new game launches and core infrastructure in data and analytics."  Financial Results Highlights:  

• Quarterly revenue of $615,358; up 172% year-over-year and up 49% sequentially
• Quarterly adjusted EBITDA of $187,591; up 1,390% year-over-year and up 68% sequentially
$1.85 million in cash and cash equivalents as of June 30, 2015

In other gaming announcements and recent financial reports: Zynga, Inc. (NASDAQ: ZNGA), a leading social game developer, announced this month it has entered into a multi-year agreement with Warner Bros. Interactive Entertainment to license the iconic brand, Willy Wonka and the Chocolate Factory, for its Social Casino games. As a first step, Zynga will bring this beloved brand to life with a Willy Wonka and the Chocolate Factory-themed social slots game, slated to launch worldwide across mobile and web in 2016.

This week Electronic Arts Inc. (NASDAQ: EA) launched the new season of Madden NFL Mobile, giving fans a chance to get into the game anytime and become the GM of their favorite NFL franchise. The new season of Madden NFL Mobile features new Live Events and Spontaneous Challenges, a new Receiver Mode, Legacy Team Challenges and numerous other enhancements and improvements, creating a whole new experience from top to bottom.

Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, announced its financial results this month 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."  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.

Blizzard Entertainment, Inc., a division of Activision Blizzard (NASDAQ: ATVI), announced the biggest Blizzard bash of the year is almost here! BlizzCon® 2015 is coming this November 6-7 to the Anaheim Convention Center-and anyone who's not attending in person can still join in on the excitement from home with the BlizzCon Virtual Ticket, available now at http://www.blizzcon.com.  ATVI recently released its financials on August 4, 2015, reporting revenues of $1.04 billion in comparison to revenues of $970 million in 2Q14. Diluted EPS (earnings per share) were $0.13 compared to $0.06 in 2Q14. Net income increased from $204 million in 2Q14 to $212 million in 2Q15.

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