[Nick Hargrave]

James Draper, the CEO, gave a short online investor talk today and provided a very high level overview of the business and its history for potential new investors. While there was obviously no new information disclosed and this was a ‘marketing’ presentation from an enthusiastic CEO, it is probably helpful to share the following points that he noted:

The AAA publisher announced in December whose name they are not able to disclose is the company that press release wording points towards and is well known for its sports games. We, therefore, continue to conclude this publisher is EA Sports
Market revenue expectations of just under £9m this year that he appeared comfortable with, but he has noted his comfort with expectations in the past and then missed them
Perhaps more interestingly, he said that he expected revenues next year (2023) to be “multiples” of this year. With a “significant step change” in revenues he hoped to be talking much more about profitability rather than potential
The $30m minimum revenue from ad spend under the Azerion deal is post Azerion fees and so the revenue share is then just to publishers and not also to Azerion, which was not clear from the original press release or annual report
He is hoping to share more plans about signifcant new joiners and new revenue streams (rewarded video, for example) in H2 22

Topic

[Nick Hargrave]

The new joiners (some at least) referenced in this call have now become apparent – please see the LI post below from BIDS’ new Chief Revenue Officer based in the US. Not only does he appear to have significant, relevant experience, it is even more interesting that he has joined en masse along with 4 colleagues from Adcolony, part of Digital Turbine. Bringing along a whole ready-made team would suggest that they have confidence in what they are joining, as highlighted in his post “keep your eyes out over the next couple weeks/months as we’ll have some truly game-changing (pun fully intended) news and partnerships to announce!”

https://www.linkedin.com/posts/jude-o-connor-36b912_after-the-8-best-years-of-my-career-helping-activity-6972894026014334976-5Rkf?utm_source=share&utm_medium=member_desktop

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