May 31st, 2004 by Ashu Mathura Posted in Companies & M&A | No Comments »
Mobile Scope Scores Profitable Quarter
Wireless entertainment publisher Mobile Scope today reported its first profitable quarter since the launch of the company in 2001.
Revenues for the first quarter of 2004 went up more than 310 percent compared with revenues in the first quarter 2003, and approximately 50 percent above fourth quarter of 2003. The year-over-year increase for the first quarter was primarily due to shipments of European mobile game blockbusters such as Moorhen Kart 2004 and RTL Ski Jumping 2004 during the last year. Based on the first quarter results, the 2004 forecasts were increased to more than EUR 5 million (US$6 million).
During the quarter, Mobile Scope generated about 300,000 downloads of Java-based mobile games, thousands of subscribers for permanent services, millions of pre-loaded games in handsets, and also derivative mobile entertainment products. Mobile Scope currently has more than 600 points of sale in over 60 countries, including global carriers such as T-Mobile, Vodafone and Telefonica.
“We are delighted to report our first profitable quarter since Mobile Scope was founded in April 2001,” said Juergen Goeldner, Chief Executive Officer of Mobile Scope AG. “The hard work, the dedication and enormous productivity of our global team in creating and distributing high quality mobile entertainment products and services has absolutely paid off. Our shareholder structure provides us with sufficient financial resources going forward. We are also excited about our latest license agreement with leading global movie studios, TV and videogame companies and look forward to releasing the first products in summer. I am absolutely encouraged by the potential of Mobile Scope and the growth of the global mobile entertainment markets!”
