CORAL SPRINGS, FL, Oct. 6, 2016 /CNW/ - The recent growth of Gaming Fanatics has led to booming revenue opportunities for Tech Companies and Mobile Game Developers. According to Newzoo, a global market intelligence firm, revenue from games played on smartphones and tablets came in at $30.4 billion last year, and that is expected to leap 73%, to $52.5 billion, by 2019. Take-Two Interactive Software Inc. (NASDAQ: TTWO), Tapinator, Inc. (OTC: TAPM), Activision Blizzard, Inc. (NASDAQ: ATVI) NetEase, Inc. (NASDAQ: NTES) and Cheetah Mobile Inc. (NYSE: CMCM)
Tapinator, Inc. (OTC: TAPM) - Tapinator Surpasses 300 Million Cumulative Player Downloads and 20 Million MAU. TAPM, a publisher of mobile games on the iOS, Google Play, and Amazon platforms, today is pleased to announce updated game network operating metrics as of the end of Q3 2016, including:
- 324 million cumulative player downloads across the network, up 140% year-over-year
- 272 active games as of September 30, 2016 including 28 games launched during the third quarter of 2016
- 81 games that have each achieved over 1.0 million player downloads
- 21.5 million average monthly active users (MAU) during the quarter, up 110% year-over-year
- 1.2 million average daily active users (DAU) during the quarter, up 100% year-over-year
- 626,000 average daily downloads across the network, up 51% year-over-year
Read the full Tapinator (TAPM) Press Release at: http://financialnewsmedia.com/profiles/tapm.html
"Driven primarily by 28 new games from within our Rapid-Launch Games division, the size of our games portfolio and our user-base continued to grow significantly during the third quarter of 2016," said Tapinator CEO, Ilya Nikolayev."Additionally, we continued to show triple digit growth of our key player engagement metrics, including Daily Active Users (DAU) and Monthly Active Users (MAU). I'd like to congratulate the entire Tapinator team and all of the Company's shareholders on the important achievement of the 300 million player download and 20 million MAU milestones. There are very few companies within the mobile gaming industry that have achieved this level of scale, and we are proud to be part of that select peer group." Additional financial performance metrics will be provided as part of Tapinator's complete third-quarter 2016 operating results, which are scheduled to be released in mid-November.
In other Mobile Gaming News and developments in the markets:
Take-Two Interactive Software Inc. (NASDAQ: TTWO) announced that it plans to report financial results for the second quarter of its fiscal year 2017, ended September 30, 2016, after the market close on Wednesday, November 2, 2016. The Company plans to hold a conference call to discuss its results at 4:30 p.m. Eastern Time, which can be accessed by dialing (877) 407-0984 or (201) 689-8577. A live, listen-only webcast and a replay of the call will be available at http://ir.take2games.com/.
Activision Blizzard, Inc. (NASDAQ: ATVI) News - Capt. Price is back! Starting Oct 5, PlayStation®4 computer entertainment system fans who pre-purchase the Call of Duty: Infinite Warfare Legacy or Digital Deluxe editions can begin playing the Modern Warfare Remastered campaign 30-days early and relive one of the most classic and hallowed campaigns in video game history. Originally hailed as one of the greatest games ever made, in the remaster gamers can fight alongside the SAS and USMC leaders in such classic missions as "All Ghillied Up," "Shock and Awe," "Charlie Don't Surf" and more. The heart-pounding action and epic gameplay has been remastered in breathtaking 1080p, featuring enhanced textures, physically based rendering, high-dynamic range lighting and much more. Published by Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. (ATVI), Call of Duty: Modern Warfare Remastered is included in the Legacy and Digital Deluxe editions of Call of Duty®: Infinite Warfare slated for release for Nov. 4.
NetEase, Inc. (NASDAQ: NTES) and Blizzard Entertainment, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. (ATVI), and jointly announced the extension of their collaboration in mainland China to January 2020. The renewed operation agreement includes Blizzard's World of Warcraft®, StarCraft® II, Diablo® III, Hearthstone®, Heroes of the Storm®, and Overwatch®, as well as new content for these games during the agreement period. The relationship between Blizzard and NetEase is now entering its ninth year. The two companies began working together in 2008 with a license agreement to bring Blizzard's StarCraft II and Battle.net® platform into China.
Cheetah Mobile Inc. (NYSE: CMCM) closed up over 3% at $13.43 on Tuesday by the market close. Cheetah Mobile is a leading mobile internet company. It aims to provide the best apps for mobile users worldwide, while building a leading global mobile ad platform for advertisers.
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