reports
Flash note: MAU increase to over 39 million
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, qua...
Outlook: Success to date undervalued by the market
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 December 2015 monthly active users (MAUs) totalled 32m (December 2014: 10m). This report contrasts MIG’s development against its peers and examines its market pricing compared with the market pricing of its peer group at similar stages of their development. We conclude that the current market pricing is out-of-ste...
Update: Path to profitability
migme (MIG) is a global digital media company focused on the emerging markets of Indonesia, the Philippines and India. At 31 December 2015 monthly active users (MAUs) totalled 32 million (December 2014: 10 million). MIG has announced its social e-commerce strategy, which it plans to launch in H216. MIG is still seen by the market as an early-stage company and we therefore expect that until the path to profitability becomes more certain, there will be a significant gap between share price and val...
QuickView: User base growth continues
migme (MIG.ASX) is headquartered in Singapore and provides a social entertainment platform targeted at the rapid growth forecast for smartphone and mobile internet usage in emerging markets. The initial focus is Indonesia, Philippines and India, where MIG has first-mover advantage. By taking a different approach to the more established Facebook, MIG believes its platform will have little competition for its freemium offering. In September 2015 MIG raised A$10.11m (A$1.00 per share) before costs,...
Update: Growth in users and monetisation continues
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. User numbers and monetisation rates continue to build with quarter-on-quarter cash receipts up 68.9% to A$3.7m. The successful capital raise of A$9.7m (A$1.00 per share) after costs has increased cash to fund market expansion to A$10.8m.
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 ahea...
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.
Update: Monetising the freemium model
migme’s (MIG’s) social media platform is initially targeting the rapidly growing mobile internet markets in Indonesia and India, where there are expected to be 294 million smartphone users by 2017. By taking a different approach to the more established Facebook, MIG believes its platform will have little competition from other freemium sites and will be suitable for the emerging markets. It hopes to continue to rapidly scale its user base, which doubled to over 10 million in the four months ...
Initiation: Social media for the next 3.5 billion
migme’s social media platform is initially targeting the rapidly growing mobile internet markets in Indonesia and India, where there are expected to be 294 million smartphone users by 2017. By taking a different approach to the more established Facebook, MIG believes its platform will have little competition from other freemium sites and will be suitable for the emerging markets. It hopes to continue to rapidly scale its user base, which has doubled to over nine million in the seven months to ...
QuickView: Social media platform - next 3.5 billion users
migme Limited (MIG.ASX) is headquartered in Singapore and provides a social entertainment platform targeted at the rapid growth forecast for smartphone and mobile internet usage in emerging markets. The initial focus is Indonesia and India, where there are an estimated one billion mobile phone users and MIG has first-mover advantage. Recent growth in monthly active users (MAUs) has been strong, more than doubling to seven million in the six months to October 2014.
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