Edison Investment Research - Migme (MIG) Update: Growth in users and monetisation

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Edison Investment Research

Update: Growth in users and monetisation

migme (MIG) is a global digital media company focused on emerging markets. It delivers social entertainment services through mobile apps (migme and LoveByte) and an artist management website, alivenotdead.com. By taking a different approach to the more established Facebook, MIG believes its platform will have little competition for its freemium offering. This approach is validated by the rapid growth in user numbers, which increased by 4m to >14m in Q115.

14/05/2015 7 EN

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Migme

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Australia

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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migme (MIG) is a global social media company employing a freemium model to drive user engagement. It is focused on the emerging markets of Indonesia, the Philippines and India. At 31 March 2016 monthly active users (MAUs) totalled over 39 million (March 2015: over 14 million), an increase of 7m for the quarter. In the March 2016 quarter, cash receipts grew 32% to A$7.1m. This rate of increase in monetisation gives us confidence in our FY16 revenue forecast of A$46m. To achieve this forecast, quarterly increases in revenue (equivalent to cash receipts) would need to increase at about the same q...

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Update: Growth in users and monetisation

Flash note: MAU increase to over 39 million

Outlook: Success to date undervalued by the market

Update: Path to profitability

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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