Australia's Streamplay jumps most in 2 weeks on Samoan market expansion

Streamplay Studio

08/12/2023 01:16

** Shares of Streamplay Studio  SP8.AX  rise as much as 6.3%
to A$0.009
    ** Stock marks biggest intraday pct gain since Nov 24 
    ** The gaming services provider says it has expanded its
existing partnership with telecom group Digicel Pacific to
launch its product suite in the country of Samoa
    ** Co says it will launch its core VAS services (value added
services) and three premium products of its music and gaming
platforms from Q1 FY2024
    ** Adds co will earn 50% revenue share from VAS and mGames
(gaming platform) and 60% from mJams (music platform) via the
deal  
    ** Stock down 27.3% YTD, as of last close
    

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))