Well, a next guest says she wants to revive the legacy of Japanese gaming giant Sega. The company has seen a resurgence in recent years, thanks in part to Sonic the Hedgehog. The movie trilogy based in the video game icon, is a certified Hollywood blockbuster.Zooming past $1,000,000,000 at the global box office. A fourth movie is also in the works, with Sega's licensing revenue nearly tripling in the past four years and its shares having doubled since the first entry hit theaters in 2020. Despite its recent ...

Company Overview - Siyata Mobile is in the final stages of a $180 million reverse merger with Core Gaming, with only a few trading days left in Q2 2025 for the deal to close [1] - The merger aims to position the company in the AI-powered mobile gaming sector, which is currently seen as scalable and profitable [2] Merger Details - The final step for the merger is obtaining NASDAQ's approval for continued listing post-merger, which is expected to happen soon [2] - Post-merger, Core Gaming shareholders will own up to 90% of the combined entity, while Siyata shareholders will retain at least 10% [3] Core Gaming's Strengths - Core Gaming is not a speculative startup; it boasts over 2,100 mobile games, 700 million downloads, and 43 million monthly active users [7] - The estimated revenue for Core Gaming in 2024 is over $80 million, supported by AI-powered storylines and visual content [7] Future Outlook - The merger is structured to enhance Core Gaming's visibility and access to capital, potentially attracting new institutional interest [4]

Core Insights - Apple is focusing on the mobile gaming opportunity ahead of its Worldwide Developers Conference (WWDC) [1] - The company has acquired its first game studio, RAC7, which developed the popular Apple Arcade game Sneaky Sasquatch [2] - Apple is developing a dedicated gaming app for iOS that will replace the Game Center app and integrate with Apple Arcade [4] Company Developments - Apple already offers a subscription-based Arcade product for iOS, providing access to various mobile games, including indie titles like Stardew Valley [2] - The acquisition of RAC7 marks a significant step in Apple's investment strategy in the gaming sector [2] - The new gaming app will feature leaderboards, recommendations, challenges, and social features, potentially integrating with iMessage or FaceTime for multiplayer gaming [4] Industry Trends - The rise of cloud gaming is influencing Apple's strategy, as users increasingly prefer streaming games without large downloads [5] - Other companies, such as Netflix, are also investing in mobile gaming, indicating a broader trend in the entertainment industry [3]

J P M O R G A N North America Equity Research 07 May 2025 Neutral ▲Price Target (Dec-25):$355.00 Prior (Dec-25):$270.00 Internet - Mid & Small Cap Cory A Carpenter AC (1-212) 270-8125 cory.carpenter@jpmorgan.com Daniel Pfeiffer (1-212) 622-0161 daniel.pfeiffer@jpmchase.com Andrew Watts (1-212) 622-9400 andrew.watts@jpmorgan.com J.P. Morgan Securities LLC Key Changes (FYE Dec) APP, APP US Price (07 May 25):$303.46 | | Prev | Cur | | --- | --- | --- | | Revenue - 25E ($ mn) | 4,957 | 5,410 | | Revenue - 26E ( ...

Playtika Holding (PLTK) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Tae Lee - SVP - Corporate Finance & Investor RelationsRobert Antokol - CO-Founder, Chairman & CEOCraig Abrahams - President & CFODoug Creutz - Managing DirectorMatthew Cost - Executive Director, Equity ResearchAlbert Kim - Equity Research Associate Operator Good day, and thank you for standing by. Welcome to the Playtica Q1 twenty twenty five Earnings Call. At this time, all participants are in listen only mode. Afte ...

Financial Data and Key Metrics Changes - The company achieved record revenue of over $700 million in Q1 2025, marking the highest quarterly revenue in its history, reflecting the strength of its mobile games portfolio [5] - Revenue for the first quarter was $706 million, an 8.6% sequential increase and an 8.4% year-over-year increase [15] - Credit adjusted EBITDA was $167.3 million, down 9% sequentially and down 9.9% year-over-year [15] - GAAP net income was $30.6 million, down 42.3% year-over-year [15] - Direct-to-consumer (D2C) revenue reached $179.2 million, up 2.6% sequentially and 4.5% year-over-year [15] Business Line Data and Key Metrics Changes - Bingo Blitz achieved revenue of $162.4 million, up 2.1% sequentially and 3.1% year-over-year, driven by marketing initiatives [19] - Slotomania revenue was $111.8 million, down 5.5% sequentially and 17.4% year-over-year, indicating ongoing challenges [21] - Dice Dreams generated $78.6 million in revenue, reflecting a 124.5% sequential increase due to successful integration [22] - The D2C business is expected to grow, with many games performing above the targeted 30% revenue contribution from D2C [16] Market Data and Key Metrics Changes - Average Daily Users (DAU) increased by 12.5% sequentially and 2.3% year-over-year to 9 million [26] - Average Daily Pay Users (DPU) increased by 15% sequentially and 26.2% year-over-year to 390,000 [26] - Average Revenue Per Daily Active User (ARPDAU) decreased by 2.2% sequentially but increased by 7.4% year-over-year to $0.87 [26] Company Strategy and Development Direction - The company is focusing on stabilizing Slotomania while launching new slot games to regain market share [9][35] - There is a commitment to enhancing the D2C business, which is seen as a significant growth opportunity [40] - The company is prioritizing product investments and operational improvements to stabilize underperforming titles [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced by Slotomania and emphasized the need for significant changes to stabilize the game [34] - The company is optimistic about the growth potential of its casual game franchises and plans to continue investing in them [13] - Marketing expenses are expected to decline sequentially, which may help improve margins in the future [17] Other Important Information - The company has approximately $514.3 million in cash, cash equivalents, and short-term investments as of March 31 [25] - An agreement was made to extend the maturity of the revolving credit facility from March 2026 to September 2027 [26] Q&A Session Summary Question: Discussion on Disney Solitaire's marketing plans - Management expressed excitement about Disney Solitaire's strong launch and indicated that marketing expenses typically decline after Q1, balancing capital allocation across games with the best ROI [29][30] Question: Future of Slotomania and new slot game plans - Management acknowledged ongoing declines in Slotomania and emphasized the importance of stabilizing the game while also launching a new slot game to regain market share [33][34] Question: Updates on D2C initiatives and overall mix - Management highlighted the D2C business as a significant advantage and expressed confidence in its growth potential, indicating that they are well-prepared for current market changes [39][40]

Core Achievements - Siyata Mobile has secured stocked status with three of the top four major U.S. carriers, marking it as the smallest device manufacturer to achieve this milestone, which required over $20 million in investments from 2020 to 2024 [4][5] - The company has established a partnership with T-Mobile, where its SD7 Ultra series 5G MCPTT cellular radio handsets are integral to T-Mobile's T-Priority 5G First Responder initiative, enhancing communication for public safety officials [7][8] Strategic Partnerships - Siyata entered a development agreement with a Fortune 100 U.S.-based telecom company, which includes potential milestone payments of up to $1 million throughout 2025 for the design of a unique MCPTT portable device, set for commercial launch in Q1 2026 [6] - The partnership with T-Mobile not only validates Siyata's technological capabilities but also opens significant distribution channels, positioning the company to capture a larger share of the $7 billion PoC market transitioning from land mobile radios to cellular solutions [5][8] Market Expansion - Siyata's merger with Core Gaming, valued at $160 million, is expected to diversify its portfolio into the $126 billion mobile gaming market, with a special stock dividend ensuring legacy shareholders retain at least 10% ownership [9]

Core Insights - Pixelworks has announced a strategic collaboration with PerfDog to introduce the "Frame Generation" index, a new benchmark for gaming performance evaluation that aims to redefine mobile game testing standards in the AI era [1][2][4] Group 1: Collaboration and Development - The collaboration between Pixelworks and PerfDog has led to the development of the Frame Generation index, which enhances performance testing capabilities for mobile games [1][2] - PerfDog 11.1 integrates the Frame Generation index, providing developers with richer and more precise testing data on smartphones equipped with Pixelworks' hardware rendering accelerators [1][4] Group 2: Industry Challenges and Solutions - Traditional mobile game performance testing often relies on average frame rate and frame stability, which limits the industry's ability to optimize gaming performance accurately [3] - The introduction of the hardware-accelerated frame rate evaluation standard by Pixelworks and PerfDog addresses these challenges by enabling real-time visualization of post-acceleration frame rate data [4] Group 3: Impact on Developers and Players - The new Frame Generation index allows developers and OEMs to identify rendering bottlenecks more precisely, streamlining performance optimization [4] - For gamers and reviewers, this index provides reliable measurements of system stability and visual smoothness, facilitating intuitive performance assessments [4] Group 4: Company Background - Pixelworks has over 20 years of experience in delivering visual processing innovations across various platforms, including consumer electronics and video streaming services [8] - PerfDog is recognized for its performance testing and analysis capabilities, supporting developers in optimizing application performance through real-time data monitoring and diagnostics [6]

Core Insights - In March 2025, Chinese mobile game publishers generated a total revenue of $2 billion, accounting for 36.9% of the global top 100 mobile game publishers' revenue, with 36 Chinese companies making the list [1][4]. Group 1: Market Performance - Tencent maintained its dominance with four games, including "Honor of Kings" and "Peacekeeper Elite," occupying the top four positions in the Chinese App Store revenue rankings for March [4]. - Point Interactive surpassed NetEase to claim the second position in the Chinese mobile game publisher revenue rankings, with its game "Whiteout Survival" achieving a historical monthly revenue high [8]. - The new game "Heroes Never Flash" and "Dragon Valley World" entered the top 20 revenue list, significantly boosting their respective publishers' rankings [5]. Group 2: Game-Specific Achievements - "Whiteout Survival" reached a cumulative global revenue of $2.25 billion, becoming one of the fastest mobile games to surpass $2 billion in revenue within five years of its launch [8]. - "Mobile Legends: Bang Bang" from ByteDance's subsidiary, Moonton, saw a 53% revenue increase in March after launching a new version and new heroes, elevating its ranking from 8th to 5th in the overseas mobile game revenue list [9]. - "Gossip Harbor" from Lemon Microfun also achieved a historical monthly revenue high, driven by seasonal events and new content [8]. Group 3: Industry Trends - The mobile gaming market is entering a stable cycle, with publishers focusing on high-quality operational strategies to enhance user retention and engagement amid intense competition [5]. - The overseas market for Chinese mobile games is characterized by significant fluctuations in rankings, providing opportunities for new entrants while posing challenges for established titles [10].