NEW YORK, July 7, 2016 /PRNewswire/ --
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
"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.
"Additional financial performance metrics will be provided as part of our 2016 second quarter results, which we expect to release by mid-August."
Tapinator, Inc. (Ticker: TAPM) designs, develops, and publishes mobile games for iOS and Android devices on the App Store, Google Play, and Amazon Appstore platforms. Tapinator's owned and operated portfolio includes over 200 mobile gaming titles that have achieved over 250 million cumulative downloads -- primarily within the simulation, arcade, role-playing, casino, and sports genres. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by Apple, Google, and Amazon. Founded in 2013, Tapinator is headquartered in New York -- with product development teams located in Germany, Pakistan, Indonesia, Canada, and the United States. For more information about Tapinator, please visit http://www.tapinator.com.
Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the company's common stock on the OTC Market Group's OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the company's common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company, see Tapinator's Risk Factors which are available at http://www.tapinator.com/disclaimers.
Tapinator Investor Relations
SOURCE Tapinator, Inc.