Flexion Mobile signs its first top 10 US grossing game
London, 27th of March, 2019 – Flexion Mobile Plc (Nasdaq: FLEXM), the London-based Android games distribution company today signed its first Top 10 US grossing game from one of the top publishers in China. The game is currently making more than USD 15 million per month in Google Play and has generated in excess of USD 200 million since its launch in 2017.
The game is expected to launch next quarter and should start generating revenue to Flexion during the next 6 months. The distribution agreement allows Flexion to distribute the game in most of its main channels.
“This has the hallmarks of a game changer for us. We don’t know yet how big the game will be in our channels but could potentially double our revenue over time. It takes time to build a game portfolio and monetization doesn't happen over night but I am really pleased to see how well we are executing on our our mid-term vision”, says, Flexion’s CEO Jens Lauritzson
Flexion currently has 4 top-tier games and 5 mid-tier games live in its channels. It has also announced 3 more top-tier games and 1 mid-tier to be launched in the near future. This places Flexion firmly in the top segment of the market.
For more information
Jens Lauritzson, CEO, Email: ir@flexionmobile.com. Tel: +44 207 351 5944
This is information that Flexion Mobile Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:30 CET on March 27, 2019.
About Flexion Mobile Plc
Flexion offers a distribution service for free-to-play Android games. Using the service developers can distribute their games in multiple channels like Amazon, Samsung, OneStore and leading regional distribution channels. These are channels that the developers are struggling to reach and support. At the core of Flexion's service is the patented enabling and enhancement software that converts developers' existing Android games into specific game versions for the new stores without any work required by the developers. Flexion estimates that developers can generate an incremental 10% high margin Android revenues from the service. Flexion Mobile Plc is listed on Nasdaq First North, Ticker: FLEXM. Certified Adviser is FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se.
Mid-term Vision
Flexion’s mid-term vision is to grow its game portfolio to 100 titles of which one third is top-tier titles where each game will have a potential to generate more than USD 100,000 per month in revenue to Flexion. The remainder will be mid-tier titles with a revenue potential exceeding USD 30,000 per month for Flexion.