Global Mobile Gaming Industry Growing at a Rapid Pace - Forecasted to Generate $37 Billion in Revenues in 2016; Company Reports 106% Increase in Revenues

CORAL SPRINGS, Florida, May 5, 2016 /PRNewswire/ --

As consumers continue to gravitate towards on-the-go gaming options, mobile gaming continues to make its way towards eventually passing consoles and PCs in popularity, presenting rapid growth potentials for Gaming companies.  Gaming developers and Publishers with current developments of note in the markets today are Tapinator, Inc. (OTC: TAPM), Zynga Inc. (NASDAQ: ZNGA), Electronic Arts Inc. (NASDAQ: EA), Glu Mobile Inc. (NASDAQ: GLUU), Activision Blizzard (NASDAQ: ATVI).

Tapinator, Inc. (OTC: TAPM), an emerging growth company within the mobile gaming industry, today announced financial results and the filing of its quarterly report for the three months ended March 31, 2016. "Tapinator showed rapid business expansion in the first quarter of 2016," stated Tapinator CEO, Ilya Nikolayev.  Our first quarter revenues grew 106% year-over-year to approximately $849,000, representing our seventh consecutive quarter of at least double-digit year-over-year revenue growth.   Our revenue expansion can be primarily attributed to the continued broadening of our Rapid-Launch Games portfolio, as well as to a select number of Full-Featured Games that we believe have significant franchise potential.  In addition to our strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA (a non-GAAP measure) of approximately $221,000 in the first quarter of 2016, an increase of 97% year-over-year, and our eighth consecutive quarter of positive adjusted EBITDA. 

Read the full Tapinator (TAPM) Financial Report at  http://www.financialnewsmedia.com/profiles/tapm.html

We are very pleased with our first quarter results as we saw significant acceleration of both year-over-year player and revenue growth rates as compared to the seasonally strong fourth quarter of 2015.  Based on our year-to-date results, we are confirming the financial guidance we provided earlier this year as part of our 2015 annual results announcement, which we have supplied again later in the press release."  

Financial Highlights

•    Quarterly revenue of $848,613; up 106% year-over-year

•    Quarterly adjusted EBITDA* (a non-GAAP measure) of $220,510; up 97% year-over-year

•    $1.49 million in cash and cash equivalents as of March 31, 2016, unchanged from December 31, 2015.

In other Gaming operations, financial reportings and recent developments:  Zynga Inc. (NASDAQ: ZNGA), a leading social game developer, after the markets closed yesterday, announced financial results for the first quarter ended March 31, 2016. "It's been a productive two months leading Zynga as CEO. I'm seeing our momentum improve as our teams continue their commitment to growing our established live franchises and demonstrate more cost and operating discipline. As a result, Q1 bookings were above the high end of our guidance range at $182 million, and Adjusted EBITDA was above our range at $11 million. Our mobile momentum continued with mobile now representing 76% of our total bookings, up from 73% from last quarter, and total mobile audience up 7% from last quarter," said Frank Gibeau, CEO of Zynga. "Zynga has all the ingredients it needs for a successful turnaround. My priority is to bring our founding social gaming vision to life in our games and lead our teams to deliver high quality experiences for players on time and profitably."  Read the full ZNGA financial report at http://finance.yahoo.com/news/zynga-announces-first-quarter-2016-200300233.html

Electronic Arts Inc. (NASDAQ: EA) will release its financial results for the fourth quarter fiscal year 2016 after the close of market on Tuesday, May 10, 2016. In conjunction with this release, EA will host a conference call to review its financial results for the fourth quarter, discuss its outlook for the future and may disclose other material developments affecting its business and/or financial performance. Listeners may access the conference call live via a dial-in number or audio webcast.  Tuesday, May 10, 2016

2:00 pm Pacific Time (5:00 pm Eastern Time) - Dial-in numbers:

Domestic: (844) 215-4106; International: (918) 534-8313 - Passcode: EA

Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, this week announced financial results for its first quarter ended March 31, 2016. "Our first quarter guidance outperformance was primarily due to the strong Kendall and Kylie launch as well as the ongoing success of Kim Kardashian: Hollywood and Cooking Dash," stated Niccolo de Masi, Chairman and Chief Executive Officer of Glu. "We are delighted with the traction of our Tap Sports Baseball 2016 title which is currently the top grossing baseball game on the U.S. App Store for iPhone and has positioned us to grow revenues from this franchise for the third year in a row."  Read the full GLUU report at http://finance.yahoo.com/news/glu-reports-first-quarter-2016-201000715.html

Call of Duty® is returning to its roots for a classic, epic battle of two armies unlike anything seen before in the record-setting series. Call of Duty®: Infinite Warfare will launch worldwide Friday, November 4, immersing players in a war story that, for the first time in franchise history, extends beyond the reaches of Earth into the vast expanse of our solar system. Published by Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard (NASDAQ: ATVI), and led by Infinity Ward, Call of Duty: Infinite Warfare will also be available as the Infinite Warfare Legacy Edition, which includes the return of the full campaign and 10 multiplayer maps from the famed Call of Duty® 4: Modern Warfare®, released in high-definition brilliance as Call of Duty®: Modern Warfare® Remastered*.

Still well over a month away from E3 2016, but Microsoft Corporation (NASDAQ: MSFT) decided to announce its plans for the show even earlier this year. Neither Sony nor Nintendo have confirmed anything for E3 yet, but on Tuesday, Microsoft revealed that its Xbox E3 2016 Briefing would once again take place on Monday, June 13th at 9:30 a.m. PDT at the Galen Center in downtown Los Angeles.  As per usual, only members of the press and those in the gaming industry received invites, but Microsoft will host a live stream of the briefing on Xbox.com, the Xbox Twitch Channel, via the Xbox Live Events Player or even at your local Microsoft store. Spike TV will also broadcast the briefing at 9:30 a.m. PDT / 12:30 p.m. EDT.  If you happen to be in or around LA during E3, Microsoft is giving away 500 tickets to fans for exclusive access to the Xbox FanFest once again this year. You can check out all the rules for the contest at the Xbox E3 site. SOURCE: BRG.com

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 one thousand nine hundred dollars for news coverage of the current press release issued by Tapinator, Inc. 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.

Contact Information:

Company: FN Media Group, LLC
Contact email: [email protected]
U.S. Phone: +1-(954)345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC