15th Jul 2014 10:01
LONDON (Alliance News) - InternetQ PLC Tuesday said it will meet market expectations for the full-year, as it saw revenue rise more than 50% in the half-year to end-June.
The mobile marketing company said it had seen revenues of USD65 million, up more than 50% compared to the previous year. Adjusted earnings before interest, tax, depreciation and amortisation increased by around 90% to over EUR9.5 million, said the company. It did not provide comparative figures.
It has now fully integrated its acquisition Interacel Holdings LLC, which has expanded its growth in Latin America, it said. The acquisition of UpMobile Corp was completed in June, and the integration is now underway, which has brought it into the Mexican market.
Its Minimob service saw 90 million installs since the start of the year, of which 13.5% originated in the US, Brazil, Mexico, Thailand, Germany, the UK, Spain, Malaysia and Indonesia.
InternetQ continues to work on upgrading the Minimob platform, it said, which will allow application developers to increase the average user lifetime value and improve the average revenue per user.
It is also continuing to grow its pipeline of partnerships for its music streaming service Akazoo. It is developing new features for Akazoo, including automated and personalised radio streaming and personalised music recommendations.
"We see significant future opportunities in our markets for both mobile marketing and Akazoo, on the back of the success we have already achieved across Latin America, Europe and Asia," said Chief Executive Panagiotis Dimitropoulos in a statement.
InternetQ ill release its interim results September 30.
Shares in InternetQ were trading up 4.0% at 258.00 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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