REG - Mobile Streams plc - Streams Argentina revenue months ahead of target

Mobile StreamsAnnouncement

18/11/2021 07:00

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RNS Number : 7300S  Mobile Streams plc  18 November 2021

18 November 2021

 

Mobile Streams plc

("MOS" or "the Company")

 

Streams Argentina revenue months ahead of target. US$14,000 billed in first
month

Mobile Streams plc, the AIM quoted mobile content and data intelligence
company, is delighted to announce that its LiveScores Argentina service
generated over $14,000 in revenue for the Company from the approximately 6,000
downloads in October alone. This is significantly more than the Company
expected for its first month of service. The higher than expected revenue
arises from greater take up than anticipated in the market. The Company
believes this is extremely encouraging as it continues to grow the service.

 

Current downloads for the LiveScores Argentina service are approximately
10,000 and continuing to grow at a much faster rate than initially
anticipated.

 

As previously announced, income is generated for MOS, not through downloads,
but through a mixture of affiliate revenue share with Quanta Media Group
("QMG") and subscription payments via the current MOS billing contract with
Movistar. It is estimated that the vast majority of revenue generated from the
Argentina service will be from affiliate revenue share. Affiliate revenue
occurs when a lead generated from the LiveScores service is sold to another
organisation which will then market its service or product to the lead. All
affiliate revenue share generated will be paid into the MOS UK account and
therefore will not incur any currency related risks sometimes associated with
the Argentinian market. Additional revenue from telco subscription may also be
generated and will be paid into the MOS Argentina account. As with the
Company's successful launch in Mexico, this service will utilise Quanta
content and the Streams delivery platform.

 

The LiveScores platform is powered jointly through QMG's sporting score feeds
and the Streams AI platform providing content.

 

Tim Scoffham, CRO of QMG, said:

"I am absolutely delighted with the Argentina results for October. After
initially getting far more downloads than anticipated we are pleased to see
this now follow though into generating far more revenue than first thought.
For our first month its a great start."

Nigel Burton, Non-Executive Director, said:

"We are very pleased to be delivering these initial revenue figures for our
first month operating LiveScores in Argentina. They prove the model we have
works well and that the revenue follows the downloads. MOS and Quanta are
working extremely well together and we look forward to continuing and
deepening our collaboration."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

 

About Streams Data

The Streams Data business provides data insight, intelligence and
visualisation services and marketing optimisation tools. The enterprise level
bespoke service achieved first revenues in June 2020, and the Streams SaaS
("Software as a Service") self-service platform generated initial customer
revenues in October 2020. Enterprise clients include The Economist and Quanta
Media Group.

 

For further information, please contact:

 

Mobile Streams plc

Nigel Burton, Non-Executive Director

+44 77 8523 4447

www.mobilestreams.com (https://www.mobilestreams.com)

 

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

+44 (0) 20 7628 3396

Peterhouse Capital Limited (Broker)

Lucy Williams and Duncan Vasey

+44 (0) 20 7469 0930

 

 

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