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Shares of mobile content and data intelligence firm Mobil Streams (LON: MOS) are rallying on Thursday after its LiveScores service in Mexico exceeded its internal target.
September's subscriber numbers for the service came in 251% above target, with over 7,200 subscribers now signed up.
In addition, Mobile Streams' LiveScores service will be launched tomorrow, October 1, under the name NacionPelota.
This is the second month in a row that subscribers have surpassed the company's expectations. The company's August subscriber target was also 250% higher than the company had forecast.
Mobile Streams is in advanced discussions about launching the service in other countries, while Quanta Media Group, a partner of the company, will be launching the marketing of its own services to the Dutch market from tomorrow.
Andrew Deeks, CEO of Quanta Media Group, said: “We are very pleased the take up of the service in Mexico continues to be significantly above target. We've been working extremely hard to ensure the Argentina launch happens on time and successfully tomorrow, and look forward to growing the service in this new market. Along with that we are going live with our own services in the Dutch market on 1 October.”
Mobile Streams Non-Executive Director Nigel Burton said the company has been “pleased with the results to date.”
“The LiveScores service will now be live in two territories from tomorrow we are very much looking forward to its continued growth,” he added.
Mobile Streams shares are currently up 4.38% at 0.658p. Since the start of September, its shares have rallied significantly, climbing 174%.
Mobile Streams shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are MOS shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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