Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of mobile content and data intelligence company Mobile Streams (LON: MOS) are down over 6% Thursday despite the company telling investors that downloads and revenue for its LiveScores service in Argentina are significantly higher than expected.
At the time of writing, Mobile Streams shares trading around the 0.483p mark.
The LiveScores Argentina service has generated over $14,000 in revenue from the approximately 6,000 downloads in October. Current downloads for the service are about 10,000, according to Mobile Streams.
The higher than expected revenue has arisen from a greater take-up than Mobile Streams had anticipated.
Income is generated for the company through a mixture of affiliate revenue share with Quanta Media Group (QMG) and subscription payments via the current Mobile Streams billing contract with Movistar. The company said it estimates that the majority of revenue generated from the Argentina service will be from affiliate revenue share.
Nigel Burton, Non-Executive Director of MOS, said: “We are very pleased to be delivering these initial revenue figures for our first month operating LiveScores in Argentina. They prove the model we have works well and that the revenue follows the downloads. MOS and Quanta are working extremely well together and we look forward to continuing and deepening our collaboration.”
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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