Business
Leaf Games Achieve Record Revenue in April
High Growth Driven by Record Daily Active Users and Player Engagement VANCOUVER, BC / AC...
About this update from East Side Games Group Inc
[{"type":"text","content":"Leaf Games Achieve Record Revenue in AprilHigh Growth Driven by Record Daily Active Users and Player EngagementVANCOUVER, BC / ACCESSWIRE / May 26, 2020 / LEAF Mobile Inc. (TSX.V:LEAF), a leading creator and publisher of counter culture mobile games, had record setting results for the month ending April 2020, including total game gross revenue, installs and daily active users (DAU) across its portfolio of counter culture mobile games.LEAF Mobile April 2020 HighlightsRecord monthly revenue for total Bud Farm franchiseSuccessful launch of \"Cheech & Chong\" Bud Farm in remote work environmentLegacy Games: Bud Farm 420 and Bud Farm Grass Roots return to growth.Darcy Taylor, Chief Executive Officer, stated, \"We are seeing very strong performance across our games portfolio resulting in significant revenue achievements which sets the pace to deliver in both topline revenue and positive EBITDA. With over $3M cash on hand, we are very well-funded to drive both user acquisition and organic growth in the fast-growing market segment of mobile gaming. Players want to engage in games that are highly relevant to their culture, where they can relate to the in-game experiences and build a community of like-minded players. We intend to deliver gaming titles to this highly underserved community to strengthen our portfolio and drive long term revenue and profitability for the Company.\"Game Title Portfolio April 2020 ResultsGrowth Games:Bud Farm Idle Tycoon achieved a monthly record of $2.5M in revenue and $0.23M in net operating income. Driven by live ops expertise and execution, coupled with increased investment in player acquisitionCheech & Chong Bud Farm achieved $0.1M in April, post 4.20 launch. Supported by download ranking and highly favourable reviewsLegacy GamesBud Farm 420 and Bud Farm Grass Roots had their strongest month in over a year with combined revenue of $0.4M. Driven exclusively by increased organic installs and daily active users.The Company also announces that it has retained the services of New Era Publishing Inc. and separately of OGIB Corporate Bulletin Ltd, pursuant to which each has been paid to write reports and articles regarding the Company, for a combined fee of $390,000.00 The articles will be forthcoming in the months of May to November 2020 over the 6 month term of their respective agreements. Additionally...