REG - Streaks Gaming PLC - Year-over-Year Performance

StreaksaiAnnouncement

18/01/2023 07:00

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RNS Number : 0476N  Streaks Gaming PLC  18 January 2023

18 January 2023

 

Streaks Gaming PLC

('Streaks" or "the Company")

 

Year-over-Year Performance

 

London, United Kingdom - Streaks Gaming PLC (LSE: STK), a GPT-driven,
conversational gaming platform targeting customers in the emerging US sports
betting market, is pleased to announce its year-over-year user growth
statistics. The Company has seen a significant increase in key metrics,
including registrations, unique players, contest entries, and entrants'
predictions:

 

 

·     Streaks experienced a 378% increase in registrations, rising from
24,401 in 2021 to 116,519 in 2022;

·     the Company saw a 325% increase in unique players, going from
18,440 in 2021 to 78,347 in 2022;

·   contest entries also saw a significant increase, with 374% growth from
108,466 in 2021 to 514,252 in 2022; and

·     total entrants' predictions rose by 309%, from 1,081,493 in 2021 to
4,423,344 in 2022.

 

The Company attributes these positive results to its focus on providing a
seamless and enjoyable gaming experience for its users that leverages
ChatGPT's engaging conversational interface to drive significant operational
efficiencies.

 

These results demonstrate Streaks' operating model whereby the Company seeks
to exploit the arbitrage available between the cost of signing customers to
its free to play app and the rewards paid by established sports betting
companies for referrals via the Company's platform that lead to first time
depositors.   This is a familiar model in more developed gaming markets such
as the U.K. and Europe, with the U.S. being an attractive emerging gaming
population due to its size, affluence and the relative immaturity of the
market.

 

Streaks' CEO, Mark Rutledge, said, "We are thrilled with the progress we have
seen in our key metrics. This can be attributed to our focus on delivering
high-quality, engaging gaming experiences to our players. Our gaming
experiences collect a unique set of first-party sports and prize affinity
data, which we are transforming into hyper-personalized gameplay and prizing
through the use of generative AI and integrations with ChatGPT.  We are
confident that this investment in generative AI will set us apart from our
competitors and continue to drive our growth in the gaming industry. We look
forward to sharing more details about this exciting development in the
future."

 

The Company plans to continue expanding its offerings and investing in
innovation to meet the demand for its services.

 

About Streaks:

 

Streaks Gaming PLC is a provider of online gaming services. The Company offers
a wide range of contests and predictions for sports and esports fans with a
user-friendly platform, cutting-edge technology, and a commitment to providing
a seamless and enjoyable gaming experience.

 

For more information, please visit Streaks Gaming PLC's website at
playstreaks.com.

 

 

Contact:

 

 Streaks Gaming Plc
 Mike Edwards                           Via First Sentinel

 Non-Executive Chairman                 +44 203 989 2222
 Tennyson Securities, Corporate Broker  +44 207 186 9030

 Peter Krens

 

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