CORAL SPRINGS, Florida, July 7, 2016 /PRNewswire/ --
The digital apps, gaming & mobile markets continue to explode as new product announcements as well as mergers and acquisitions aim to top record numbers this year. The mobile gaming sector in particular has become a popular choice of investment for celebrities and other big names due to exploding revenue forecasts and other developments with some predictions to exceed $90Billion by 2020.
Tapinator, Inc. (OTC:TAPM), a designer, developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, today announced a number of important game network updates as of the end of Q2 2016, including:
• 244 active revenue generating games as of June 30, 2016 including 31 games launched during the second quarter of 2016
• 267 million cumulative downloads across the network, up 175% year-over-year
• 66 games that have each achieved over 1.0 million downloads
• 18.3 million average monthly active users (MAU) during the quarter, up 136% year-over-year
• 1.1 million average daily active users (DAU) during the quarter, up 127% year-over-year
• 629,000 average daily downloads across the network, up 78% year-over-year
Read the full Tapinator (TAPM) Press Release and Recent 2016 Guidance News at: http://financialnewsmedia.com/profiles/tapm.html
"Driven primarily by 28 new games from within our Rapid-Launch Games division, the size of our games portfolio and our user-base continued to grow significantly during the second quarter of 2016," said Tapinator CEO, Ilya Nikolayev. "Additionally, we continued to show triple digit growth of our key player engagement metrics, including Daily Active Users (DAU) and Monthly Active Users (MAU). Our Full-Featured Games division launched three new games during the second quarter: Video Poker Classic, Blackjack Classic, and Combo Quest 2. Launched less than one week ago, Combo Quest 2, has already generated over 300,000 player downloads, is a top 100 game on both iPhone and iPad, and is a top 100 grossing game within the Adventure and Role-Playing categories. We are excited to see that Combo Quest 2 has been featured on the iOS App Store within "New Games We Love" and that the product is demonstrating early success in terms of its metrics. Subsequent updates to the game, which will go live within the next several weeks will, we believe, improve upon the game's already solid engagement and monetization metrics.
Tapinator also recently announced that it is raising its previously issued financial guidance for 2016, based on strong performance of its core mobile gaming business during the first half of this year. Tapinator now expects to achieve revenue in the range of $4.0 million - $4.5 million in 2016, up from previous revenue guidance of $3.7 million - $4.3 million for the year,representing an annualized organic revenue growth rate range of 63%-84%. The Company continues to expect near break-even results at the operating income level, and is now targeting an Adjusted EBITDA (a non-GAAP measure) percentage of 24% for 2016, up from previously issued guidance of 22%. Assuming, the Company achieves break-even results at the operating income level, the Company continues to expect net losses in 2016 of approximately $1.6 million, primarily as a result of financing related charges associated with the Company's $2.0 million convertible debenture financing completed during 2015, including $1.5 million in expected non-cash charges.
In other gaming news and developments: Zynga, Inc. (NASDAQ: ZNGA), a leading social game developer, announced the launch of CSR Racing 2 (CSR2), the next-generation sequel to the smash hit CSR Racing. Developed by Zynga's UK-based NaturalMotion studio, the free-to-play mobile game hits the road today on the App Store for iPhone and iPad and Google Play. "CSR Racing has a passionate fan base that lives and breathes the world of cars," said Torsten Reil, CEO of NaturalMotion. "With more than 190 million downloads by auto enthusiasts around the world, the original CSR Racing and CSR Classics brought never-before-seen levels of visual fidelity and vehicle authenticity to the Racing genre on mobile. In CSR2, we've built on this legacy by amplifying the drag racing experience and introducing new social elements, higher-fidelity graphics and enhanced levels of customization to create the most immersive and realistic mobile racing experience for our players."
Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced the availability of Gordon Ramsay DASH on the App Store and Google Play. Featuring the voice and likeness of, and exclusive video messages from, award-winning Chef Gordon Ramsay, the game offers players a chance to achieve culinary success of their own. Advanced character customization allows players to select their chef attire and equipment before entering the chef arena to compete head-to-head with other chefs! "Gordon Ramsay is a remarkably accomplished figure in both the culinary world and the entertainment industry," said Niccolo de Masi, Glu Chairman and CEO. "Having opened critically-acclaimed restaurants worldwide, while starring in several highly-rated TV programs, we couldn't be more excited that our partnership adds mobile gaming to his impressive business portfolio.
Tencent Holdings Limited (OTC: TCEHY) News: Publicis Groupe last week announced at Viva Technology Paris a strategic partnership with Tencent, the internet giant that operates the most popular social and media platforms in China. The partnership is the first-of-its-kind collaboration across a global advertising group and all 11 products of Tencent, China's largest internet company. It is also the first partnership that transcends the Groupe's three solution hubs of Publicis Media, Publicis Communications and Publicis.Sapient.
In other emerging tech news and developments of importance: MGT Capital Investments, Inc. (NYSE: MGT) closed up over 5% at $4.35 on over 8Mil shares traded by the market close on Wednesday. MGT recently disclosed the details of the initial phase of a large scale Bitcoin mining operation designed to position the Company as a leader in Blockchain technologies. The Company has secured a location with contracted low cost hydro power in central Washington state to launch a facility generating over two PetaHash in processing power. This facility is expected to be fully operational by August 1, 2016, and has expansion capacity to nearly 10 PetaHash. The size and power efficiency of the facility will allow MGT to emerge as a domestic leader in crypto currency mining at an opportune time. The current pricing environment of bitcoin and other digital assets coupled with the release of new 16 nanometer ASIC chips provides a significant opportunity to generate excellent profit margins.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Tapinator by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group LLC