Potential Profits Continue to Grow at a Rapid Pace for Mobile Gaming Industry as Consumers Race to the Newest Products - Company Sees Over 300% Growth in Revenues
CORAL SPRINGS, Florida, April 23, 2015 /PRNewswire/ --
The mobile gaming industry landscape is changing rapidly as more and more developers and gaming companies spend large amount of capital on development as well as marketing to cement their positions in the industry while realizing increasing revenue potentials. Leading Gaming Companies in focus today are: Tapinator, Inc. (OTC: TAPM), Electronic Arts Inc. (NASDAQ: EA), Zynga. Inc. (NASDAQ: ZNGA), Glu Mobile, Inc. (NASDAQ: GLUU) and Activision Blizzard, Inc. (NASDAQ: ATVI)
Tapinator, Inc. (OTC: TAPM), a global developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, preannounced today its record revenue results for the first quarter of 2015. First Quarter 2015 Unaudited Revenue Highlights:
- Q1 2015 revenue more than tripled compared to the same period a year ago, from $96k to $411k
- Q1 2015 revenue represents an 11% increase over seasonally strong Q4 2014
- Q1 2015 marks the fourth straight quarter of sequential quarterly revenue growth
Read the full TAPM press release at http://www.financialnewsmedia.com/profiles/tapm.html
Moreover, from a profitability standpoint, excluding the one-time impairment loss in Q3 2014, the company has generated net profits in every quarter since its inception in 2013. The Company plans to release its full quarterly results prior to May 15, 2015. "During the first quarter, we released 20 new games, bringing our total library to over 100 titles. Key accomplishments this quarter included launching two games (Combo Quest; Endless Balance) that were featured as 'Best New Games' on Apple's iOS platform, and reaching an all-time high, in the quarter, of 245,000 new daily installs on Google Play, a metric which we have since surpassed," stated Tapinator CEO, Ilya Nikolayev.
In other gaming & mobile app developments, activity and happenings: Electronic Arts Inc. (NASDAQ: EA) and the UFC® recently announced thatEA SPORTS UFC will be available for free download on the App Store[SM] and Google Play™. The development team at EA Canada worked in partnership with the EA SPORTS UFCconsole team, leveraging their codebase to deliver HD-quality visuals, intuitive touch controls and action-packed gameplay. With no limits to how much you can play, gamers are free to climb UFC's virtual ranks, reaping amazing in-game rewards, unlocking new opponents and knocking out the competition. The game launched two months ago in Canada, South Korea, Singapore and Russia, and has been downloaded over two million times with gamers playing for an average of 36 minutes every day.
Zynga. Inc. (NASDAQ: ZNGA) develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, Asia, and Europe. The company offers its online social games under the FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots, CSR Racing, FarmVille 2: Country Escape, NFL Showdown, New Zynga Poker, New Words With Friends, Wizard of Slots, Looney Tunes Dash!, CSR Classics, and Clumsy Ninja names. Its games are accessible on Facebook and other social networks, mobile platforms, and Zynga.com. On Wednesday, ZNGA closed up slightly on over 13.5 million shares traded.
Glu Mobile, Inc. (NASDAQ: GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, recently announced the availability of Frontline Commando: WW2 on the App Store and Google Play. The latest installment in the Frontline Commando franchise comes packed with console-quality graphics, heart-pounding gameplay, and historical influence. Regular in-game events offer players the chance to compete in exciting missions to earn rare weapons and rewards they will need on the battlefield. "Bringing console-quality gameplay to mobile devices worldwide, Frontline Commando: WW2 extends our dominance in the shooter category," said Glu CEO, Niccolo de Masi. "With each title more impressive than the last, Frontline Commando: WW2 features Glu's most immersive graphics and gameplay experience to-date."
Activision Blizzard, Inc. (NASDAQ: ATVI) news: Rally your fellow heroes and get ready for battle, because the portal to the Nexus is about to bust wide open! Blizzard Entertainment recently announced that Heroes of the Storm™ will officially launch on June 2, following an open beta testing period beginning May 19. The free-to-play online team brawler brings together a diverse cast of iconic characters from Blizzard's far-flung realms of science fiction and fantasy, including theWarcraft®, StarCraft®, and Diablo® universes, and challenges them to compete in epic, adrenaline-charged battles. Heroes of the Storm invites players to customize heroes to suit their style and then team up with friends for some all-out mayhem. The game features a variety of gameplay modes for players of every skill level, including Cooperative, in which players team up against computer-controlled opponents, and Quick Match, an accessible way to jump in and play versus others. Experienced players can also join forces against other teams of players in highly competitive, draft-style ranked play.
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