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Mobile Streams highlights diversification progress

In a statement, ahead of today’s AGM, the company highlighted progress with its ad-funded gaming services and subscription services in India and Nigeria.
Mobile Streams highlights diversification progress
Mobile Streams' ad-funded mobile gaming is available in India, US, Nigeria and Argentina

Mobile content firm Mobile Streams (LON:MOS) this morning told investors that its ad-funded games services are now live in the United States, Argentina, India and Nigeria.

In a statement, ahead of today’s AGM, the company highlighted that its diversification strategy continues to see progress.

As well as the roll-out of ad-funded gaming, the group has also launched subscription services in Nigeria, where it has signed up one of four primary mobile network operators. And it anticipates launching with another in the coming weeks.

In India, the company’s subsidiary has signed direct contracts with two of the country’s three largest mobile operators. One has so far gone live and the second is due to follow in the near future.

Mobile Streams, which traditionally generates most of its revenue from Argentina, repeated previously announced guidance that changing market trends in the country are likely to impact revenue for the first half of the current financial year.

It highlighted that at the same time as its diversification efforts it also continues to implement cost reduction measures, in order to maintain earnings (EBITDA) at around breakeven for the financial year.

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