Mobile Streams Reports 62 Percent Increase In Annual Revenue

British mobile content provider Mobile Streams has reported its full-year results for 2006, showing a year-on-year increase in revenues of 62 percent, from 5.1 million pounds in 2005 to 8.2 million pounds (US$15.76 million) in 2006. Trading EBITDA was breakeven for the period, with a loss before tax of 1.8 million pounds after fund raising/floatation cost of 1.3 million pounds and share compensation expense of 0.3 million pounds. Overall gross margin improved to 58.6 percent (2005 was 56.7 percent).
During 2006 Mobile Streams acquired Cyoshi Mobile (which provided unique content and European distribution), The Nickels Group (which provided animated cartoon content) and Mobilemode (which added distribution in the Asia Pac region). Europe now represents 43 percent of Mobile Streams turnover, down from 59 percent in 2005 as other geographies grow. North America represented 23 percent of turnover (2005 17 percent), Latin America represented 28 percent (2005 25 percent) and Asia Pacific (6 percent) of turnover.
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