Update: Monetisation rates up
migme (MIG) is a global digital media company focused on emerging markets. 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 have increased from >5m on listing in August 2014 to >19m at 30 June 2015. Monetisation rates continue to build, with Q215 revenues up 95% on Q115 revenues. The number of users and the spend per user are ahead of our forecasts, but monetisation rates are less than expected due to delays in putting payment systems and other infrastructure in place.
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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