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2020-07-15

Flexion Mobile updates its June 2020 quarter estimate as revenue grows faster than expected

LONDON, 15th of July, 2020 - Flexion Mobile Plc (Nasdaq: FLEXM), the Android games distribution company today released a trading update on its sales performance for the quarter ending June 2020. Flexion has previously communicated that this quarter would see an accelerated growth of + 50% compared to the March 2020 quarter. The company now estimates its total revenue for this quarter to be 74% compared with the previous quarter. Total revenue is estimated to be GBP 4.8m resulting in 153 % growth compared with the same period last year. The rapid growth is attributed to a general upswing in the mobile games market partly due to the pandemic but more importantly a broader and stronger performing portfolio which will continue to drive revenue growth in the future.

 "It is great that we have beaten our own growth expectations this quarter and we have really good momentum with new games and active channels providing a strong platform for further growth", says Jens Lauritzson CEO of Flexion Mobile PLC. 

In the last 3 months Flexion has signed 5 new games. The company now has a live portfolio of 16 games and 5 pending launch. 

More information will be provided in its quarterly report which will be released on the 26th of August.

Författare Flexion Mobile

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