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Mobile Gaming Sector Evolves Into One of the Biggest Global Entertainment Industries Estimated at $25 Billion - Company Reports Over 190% Increase in Revenues Year-Over-Year


CORAL SPRINGS, Florida, November 12, 2015 /PRNewswire/ --

The video games & mobile gaming sector continues to be an area of fast growth as games are considered low-cost entertainment which even in recessions people will continue to spend money on this sector. Global mobile game revenues are expected to eclipse console game revenues in 2015 and could generate $30.3 billion worldwide. Recent financial reporting released by top gaming companies include Tapinator, Inc. (OTC: TAPM), Zynga Inc. (NASDAQ: ZNGA), Glu Mobile Inc. (NASDAQ: GLUU), Take-Two Interactive Software, Inc. (NASDAQ: TTWO) & King Digital Entertainment plc (NASDAQ: KING)

Tapinator, Inc. (OTC: TAPM), an emerging growth company within the mobile gaming industry, today announced financial results and the filing of its quarterly report for the period ended September 30, 2015. The complete report may be found at http://www.otcmarkets.com/stock/TAPM/filings. - "Tapinator continued to show significant business expansion in the third quarter of 2015," stated Tapinator CEO, Ilya Nikolayev. "Our quarterly revenues grew 191% year-over-year and 18% quarter-over-quarter, representing our sixth consecutive quarter of at least double-digit sequential revenue growth. Our revenue expansion can be attributed to both the continued broadening of our rapid-launch games portfolio, as well as our continued investment into a small number of full-featured titles that we believe have significant franchise potential. In addition to our very strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA of $73,914 in the third quarter of 2015, an increase of 65% year-over-year and our sixth consecutive quarter of positive adjusted EBITDA.

Read the full TAPM financial report press release at http://www.financialnewsmedia.com/profiles/tapm.html

We are very proud of our accomplishments in Q3 2015, in terms of our financial performance, product traction and user growth. Tapinator is particularly pleased to deliver these results even as we continue to make substantial investments in new game development, marketing and data/analytics infrastructure."

Tapinator Financial Highlights

Quarterly adjusted EBITDA (a non-GAAP measure) of $73,914; up 65% year-over-year

Other gaming developers & publishers releasing financial reports: Zynga Inc. (NASDAQ: ZNGA), a leading social game developer, recently announced financial results for the third quarter ended September 30, 2015. Financial Highlights - Bookings of $176 million; above the high end of the guidance range, flat year-over-year and up 1% sequentially. - Mobile bookings are $121 million or 69% of overall bookings, up 26% year-over-year and up 6% sequentially. - Adjusted EBITDA of $12 million; above the high end of the guidance range. - Advertising and other bookings up 39% year-over-year and 17% sequentially. - Non-GAAP operating expenses decreased to $114 million, a 9% sequential decrease. - $1.1 billion in cash, cash equivalents and marketable securities. - Announcing $200 million share...


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