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Growing Prominence of Mobile Game Designers & Publishers Seeking to Increase in Revenue Opportunities in Multi-Billion Dollar Gaming Market - Company Reveals Q3 Mobile Game Progress


News provided by

FN Media Group LLC

Sep 28, 2015, 08:25 ET

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CORAL SPRINGS, Florida, September 28, 2015 /PRNewswire/ --

In a recent article, Sony Corporation (NYSE: SNE) has said that the $80Billion Dollar global video games industry is "on the cusp of a golden era", as mobile phones inject creativity to a console market that has become heavily reliant on sequels.  Recent developments and product downloads & introductions have increased attention for Tapinator, Inc. (OTC: TAPM), Electronic Arts Inc. (NASDAQ: EA), Activision Blizzard (NASDAQ: ATVI), Take-Two Interactive Software Inc. (NASDAQ: TTWO)  & Glu Mobile Inc. (NASDAQ: GLUU).

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 for Q3, 2015, including:  • Over 130 live games; • Over 130 million downloads across the network; • 33 games that have each achieved over 1 million downloads;  • Eight "Best New Games" on iOS; including three this quarter.

"Driven primarily by our Rapid-Launch Games division, the size of our games portfolio and our user-base has continued to grow significantly during the third quarter," said Tapinator CEO, Ilya Nikolayev.  "Additionally, our key network engagement metrics, including Average Daily Active Uniques (DAU) and Average Monthly Active Uniques (MAU) are on track to grow 20+% from Q2 2015.  Additional performance metrics will be provided as part of our full Q3 results, which we look forward to publishing on or around November 13th, 2015."

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

Tapinator recently announced financial and operating results and the filing of its quarterly report for the period ended June 30, 2015.  "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.

In other gaming announcements and product updates: Electronic Arts Inc. (EA) announced last week that EA SPORTS™ FIFA 16, winner of the E3 2015 Game Critics Best Sports Game award, is now available in retail stores and as a digital download* worldwide. FIFA 16 has been described by Digital Spy (UK) as, "an impressive beast of a game that's stuffed with official leagues and licenses, game modes and other little touches that add flavor to the match day experience," and hailed by EGM (USA) as, "an unparalleled soccer simulation that improves upon FIFA 15 in every aspect." With gameplay innovation across the entire pitch and brand new ways to play, FIFA 16 lets fans Play Beautiful.

With the upcoming release of Call of Duty®: Black Ops III, the sequel to the best-selling series in Call of Duty® history, eSports is poised to expand to new audiences, while introducing new ways for fans of all skill levels to join the eSports movement. Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard (NASDAQ: ATVI), and Call of Duty announced last week the creation of the Call of Duty® World League, a worldwide eSports league by Activision in support of the #1 console eSports franchise, Call of Duty. The new league marks an unprecedented commitment by Call of Duty and its dedicated eSports team to directly support the growing community of eSports fans. The program will provide a deeper level of engagement with the elite circuit of professional gamers, while also encouraging casual fans and aspiring competitors of Call of Duty to enjoy the thrill of competition across different skill levels.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) recently announced that NBA 2K16, this year's iteration of the top-rated video game simulation series for the last 15 years*, will extend more opportunities for fans to experience the franchise with the MyNBA2K16 Companion app. Launching on October 1, 2015, MyNBA2K16 will feature two-time NBA All-Star Paul George as its inaugural cover star.  

Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, recently announced Deer Hunter VR, the company's first title developed exclusively for Oculus, which will initially be available on the Samsung Gear VR, powered by Oculus. Revealed today at the Oculus Connect 2 Developer Conference in Los Angeles, Deer Hunter VR brings a new level of immersive gameplay to the most popular hunting franchise. Glu expects to launch Deer Hunter VR before the end of 2015.  "Glu prides itself on being at the forefront of innovation by developing native, unmissable entertainment for new platforms," said Niccolo de Masi, Glu Chairman and CEO. "With nearly 150 million Deer Hunter 2014 downloads to-date, and Deer Hunter 2016 quickly taking the #1 top free spot in the U.S. App Store after worldwide launch, we look forward to reaching new players through the consumer launch of the Samsung Gear VR."

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 http://www.financialnewsmedia.com for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/.  Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://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 seven 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

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