Mobile Streams to launch Streams service in China
(MOS ) has unveiled the launch of its first international language version of Streams, the Company's bespoke data insight, intelligence and visualisation service.
The mobile content and data intelligence company will move into the Chinese market by launching the Chinese language version of its Streams service officially on 14 March 2021.
This will mark the first time the Company has launched an additional language version of the Streams platform. As previously indicated back in January this year, the Group said it anticipates launching the Streams Data service in other key global markets during the year.
In a separate trading update, the Company highlighted that both revenues and customer growth continue to remain ahead of its internal forecast while the Group’s monthly Streams Data revenue has now exceeded the net revenue brought in via the legacy business.
Shares in Mobile Streams have increased by over 20% in value in the past two weeks alone. The stock was trading 1.92% higher this morning at 0.265p as a result of its announcement.
The Streams Data business, comprising the bespoke data insight, intelligence and visualisation service which achieved first revenues in June 2020, and the Streams SaaS platform which generated initial customer revenues in October, are now generating monthly revenue of £12,000, a 33.3% increase since December 2020 alone.
Whilst still at a modest level, with our pipeline of product development and marketing, the Group ‘expects to see significant growth in 2021, with additional higher price points to come.’ Mobile’s legacy business continues to perform in line with internal expectations.
Commenting on the trading performance, Nigel Burton, Non-Executive Director stated, "Whilst modest in real terms we are delighted with the performance of the business to date. We are seeing good revenue and customer growth for the Streams data business, and our launch into the Chinese market is the first step in making Streams a truly global platform."
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