Flexion expands framework deal
Two new blockbusters will be launched in Q2
LONDON, 23rd of March, 2023 – Flexion (Nasdaq: FLEXM), the games marketing company is expanding its collaboration with an important game partner. Two new blockbusters have been added to the framework deal announced in September 2021. The expanded deal that now includes 9 titles will run until at least March 2025 and is estimated to be worth approximately USD 45m in gross revenues over its lifetime. If required, Flexion will have the right to extend the term until the project has reached an agreed minimum level of return. The new games will be officially announced when launched during Q2 2023. Both games are major game brands and one is still in soft launch. Flexion has secured the right to distribute the new games in all its channels including DT Hubs - the newly announced service by Digital Turbine. Flexion will reinvest USD 4million already generated from the deal signed in 2021.
This disclosure contains information that Flexion Mobile is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 23-03-2023 08:00 CET.
For more information
Niklas Koresaar CFO, Email: ir@flexionmobile.com. Tel: +44 207 351 5944
About Flexion Mobile Plc:
Flexion Mobile Plc grows revenue and audiences for games. The company offers a unique distribution and influencer marketing service. Flexion works with a growing number of top grossing developers around the world. Using its expertise, experience and technology Flexion builds revenue and audiences for developers by taking Android games and making them fly on the alternative app stores, including the Amazon, Samsung, Huawei, Xiaomi and ONE Stores. In 2022, the company acquired the leading influencer marketing agency Audiencly GmbH. Flexion Mobile Plc is listed on Nasdaq First North Growth Market, Shortname: FLEXM. Certified Adviser is FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se