NEW YORK, October 6, 2016 /PRNewswire/ --
Tapinator, Inc. (OTC:TAPM), a publisher of mobile games on the iOS, Google Play, and Amazon platforms, today is pleased to announce updated game network operating metrics as of the end of Q3 2016, including:
- 324 million cumulative player downloads across the network, up 140% year-over-year
- 272 active games as of September 30, 2016 including 28 games launched during the third quarter of 2016
- 81 games that have each achieved over 1.0 million player downloads
- 21.5 million average monthly active users (MAU) during the quarter, up 110% year-over-year
- 1.2 million average daily active users (DAU) during the quarter, up 100% year-over-year
- 626,000 average daily downloads across the network, up 51% 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 third 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). I'd like to congratulate the entire Tapinator team and shareholder base on the achievement of the 300 million player download and 20 million MAU milestones. There are very few companies within the mobile gaming industry that have achieved this level of scale, and we are proud to be part of that select peer group."
Additional financial performance metrics will be provided as part of Tapinator's complete third-quarter 2016 operating results, which are scheduled to be released in mid-November.
Tapinator (OTC: TAPM) designs, develops, and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator's portfolio includes more than 250 mobile gaming titles that have achieved over 300 million cumulative player downloads, primarily within the Simulation, Arcade, Role Playing, Casino and Sports genres. Tapinator generates revenues through the sale of branded advertising, paid downloadable games and premium in-game content. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in Germany, Canada, Indonesia, Pakistan, and the United States. For a full listing of Tapinator game titles and to view the Company's most recent investor presentation, please go to http://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.