Mobile Streams plc is a provider of media entertainment content to mobile devices. Mobile Streams creates, licenses and delivers quality content to MNOs and consumers in the form of ringtones, graphics, video clips and other products. Mobile Streams generates revenues from downloads of this content by consumers. The Company is active in the UK and Europe, North America, Latin America and the Asia Pacific region. Mobile Streams has developed relationships with both content owners and MNOs which enable it to act as a specialist intermediary, providing an end-to-end service encompassing a broad range of elements from content licensing to content production, account management, and channel management.

http://www.mobilestreams.com/

Trading update

RNS


RNS Number : 0378G

Mobile Streams plc

01 May 2014






Mobile Streams plc



Trading Update



Mobile Streams plc (AIM: MOS) (the "Company" or "Mobile Streams") updates its shareholders on its unaudited third quarter (1 January to 31 March 2014 inclusive) trading performance:



- Revenues of £11m, compared to £14.5m in the third quarter of 2012/2013. Revenues fell when denominated in GBP primarily as a result of the devaluation in the Argentine Peso in January 2014. Revenues expressed in Argentine Pesos grew by 12% compared to the same quarter last year.



- Mobile Internet revenues of £10.5m, compared to £13.5m in the third quarter of 2012/2013.



- Active mobile internet subscribers surpassed 4.2 million, compared to 3.1 million at the end of the third quarter of 2012/2013. Active subscribers are defined as consumers who have purchased content from the Company in the past two months.



- Cash of £2.85m at the end of March 2014 with no debt. Around £600,000 was held in Argentina at the end of March 2014. This follows the Company's previously announced policy of moving its cash from Argentina into a portfolio of more stable currencies.



- Trading in line with market expectations.



Commenting, Simon Buckingham CEO of Mobile Streams said: "As previously reported in our January trading statement and Interim Results statement, the 2014 calendar year started with an unexpected sudden devaluation of the Argentine Peso, which disrupted the Company's performance in the third quarter of our financial year.



As a result, the Company lost money at an EBITDA level in January 2014 for the first time in the financial year. However, after successfully renegotiating some of our marketing expenses and increasing some prices in Argentina, EBITDA profitability resumed in February and March, although the Company made a small loss overall in the quarter.



The reduction in profits during the period was caused by a combination of operational and non-operational factors. One factor was adverse foreign exchange currency movements, in particular the weakening of the Argentine Peso against GBP. Additionally, the Company's marketing expenses grew more quickly than revenues.



We look forward to further updating shareholders on trading performance after the end of the current financial year, followed by our full-year audited results".

Mobile Streams' active customer base rises rapidly

By John Harrington

May 01 2014, 9:42am
The 2014 calendar year started with an unexpected sudden devaluation of the Argentinean peso, which disrupted the company's performance
The 2014 calendar year started with an unexpected sudden devaluation of the Argentinean peso, which disrupted the company's performance


Mobile apps and games seller Mobile Streams (LON:MOS) is recovering well from the nasty shock of the Argentinian peso devaluation in January.

The company lost money at the EBITDA (underlying earnings) level in January, which has not happened before in the company’s history, but returned to profitability in February and March.

Unfortunately, the effect of the devaluation in January was so severe it meant the company registered a small loss for what is the third quarter of the company’s financial year.

“The reduction in profits during the period was caused by a combination of operational and non-operational factors. One factor was adverse foreign exchange currency movements, in particular the weakening of the Argentine Peso against GBP. Additionally, the company's marketing expenses grew more quickly than revenues,” revealed Simon Buckingham, the company’s chief executive officer.

In sterling terms, revenue in the first three months of 2014 fell to £11mln from £14.5mln in the corresponding period of last year, but was up 12% in peso terms.

Mobile Internet revenues of £10.5mln, compared to £13.5mln a year earlier.

The number of active mobile Internet subscribers showed a healthy gain, rising from 3.1mln at the end of March 2013 to 4.2mln at the end of March this year.

At the end of the quarter the company had cash of £2.85mln and no debt. Around £600,000 of this cash was held in Argentina; the company has been engaged in a policy of repatriating its cash into a portfolio of more stable currencies.

Shares in the company were certainly mobile after the release of the trading update, streaming higher to 18.69 (+7.6%).

The positive update and movement up on the share price give me the encouragement to take a punt at 22.55p

lets see what it comes to, had a large fall recently and could bounce back a lot

Mobile Streams partners with M10 Africa to broaden footprint

By Philip Whiterow

July 08 2014, 4:39pm
The partnership will target leading mobile operators and channels such as MTN and Etisalat.
The partnership will target leading mobile operators and channels such as MTN and Etisalat.


Mobile apps and games retailer Mobile Streams (LON:MOS) has launched a distribution partnership with M10 Africa across Africa, Asia and the Middle East.

M10 Africa will initially distribute Mobile Streams’ extensive audio catalogue on its music streaming services before including all of the video, apps and games.

The partnership will target leading regional mobile operators and channels such as MTN and Etisalat in what is one of the world’s fastest growing mobile markets and where the number of mobile users is set to top one billion by next year.

Simon Buckingham, Mobile Streams’ chief executive, said: “The African & Middle Eastern market is an important area of expansion for Mobile Streams over the next few years and we are looking forward to working with M10 Africa to help increase our footprint in the region.”

Leycot Benson, M10 Africa’s chief executive, added: “We are very excited to be working with Mobile Streams, a company with extensive experience in mobile content distribution, to service M10 Africa’s increasing customer base across Africa, Middle East and Asian territories.”

Listen: Mobile Streams - Trading statement

Click here to listen

Final Results

http://www.moneyam.com/action/news/showArticle?id=4901664

12/10/15


MOS' profit
StockMarketWire.com
Mobile Streams (MOS) has posted a FY pretax profit of £0.83m, from a profit of £0.15m a year ago. Revenues fell to £29.1m, from £48.6m. It continues to diversify its revenues into new markets beyond Argentina and Latin America, especially India and Nigeria.

"Any further devaluation of the Argentinian peso would have a negative impact on the Company's future performance," the company said in its results statement.

"These diversification plans will require investment during the rest of the year which will be reflected in reduced short term profitability. Cash as at the beginning of October 2015 was at a level of around £1.7m, reflecting investments made in the development and launch of the new markets and services.

"The Company's new Indian subsidiary Mobile Streams India Private Limited is being set up, and the Company has signed direct contracts for mobile internet billing with two of the three largest local Indian mobile operators, reaching approximately 350 million mobile customers.

"Once these contracts have been fully executed and implemented, the Company expects to launch its subscription services in India. In Nigeria, the Company has launched with mobile billing available with one of the four largest local mobile operators.

"The Company has launched some new advertising funded mobile services. These services include its mobile social network http://www.terrenal.com in Latin America. Moreover, Mobile Streams has launched a mobile games store globally at http://www.mobilegaming.com that is entirely ad-supported and free to use for consumers.

"Consumers can play each and any game an unlimited number of times as long as they watch a pre-role ad each time they play a game. Mobile Streams developed a proprietary games wrapper that allows consumers to play games for free in this way. Mobile Streams has signed up several hundred games for the launch of the service."



At 9:19am: (LON:MOS) Mobile Streams PLC share price was +1.13p at 5.88p



Story provided by StockMarketWire.com

Mobile Streams PLC (MOS:LSE) set a new 52-week high during today's trading session when it reached 18.50. Over this period, the share price is up 32.71%.