Mobile Streams (MOS ) said it has signed a major contract with software firm Quanta Media Group (“QMGH”), for the use of its Streams data platform in a deal worth up to £0.48 million.
The deal, which is over 4 years with a minimum £10k per month for at least a year, is expected to increase monthly Streams revenue from April 2021 to an estimated £25k per month, representing an increase of 178% since December 2020.
Furthermore, Mobile Streams said the partnership with QMGH will enable it to identify further opportunities to generate significant additional revenue from the MOS legacy business.
In the contract win announcement, MOS cited QMGH’s ‘deep expertise’ and said that a number of possible opportunities for growing the MOS mobile gaming business, as well as for driving greater revenue from legacy MOS IP, including the mobilegaming.com domain that MOS owns, remain under discussion.
“We are extremely pleased to be able to announce this major contract. It’s a great win for the Streams data business which has shown exceptional growth since the start for the year.
“We feel there is substantial scope to grow our partnership with QMG to drive additional revenue from our legacy business assets, said Non-Executive Director, Nigel Burton.
About QMGH
QMGH, was founded by Andrew Deeks back in 2019 and is headquartered in London, UK. The business is aimed at developing sports and iGaming related products, content and destinations. The group primarily achieves this through its owned, proprietary, automated platforms, artificial intelligence, pattern matching algorithms and years of hands-on experience.
“We feel that utilising the Streams platform will give us an enormous advantage when it comes to our content creation. Not only that, but we see many other opportunities to grow in partnership,” commented Andrew Deeks, Founder of QMGH."
He added, “Through our expertise in the carrier billing, gaming and online gambling markets we have identified numerous areas of potentially massive growth for the MOS legacy business – including, but not limited to, utilising it’s IP and gaming infrastructure to help drive growth in our online iGaming portfolio."
MOS has traded within a range of 0.21 and 0.27p in the past two weeks. Today’s contract marks a major win for MOS who will see its monthly Streams revenue increase from April to an estimated £25,000 per month as a result, that’s an increase of 178% since December.
For the first time, revenues from the company’s Streams Data have overtaken net revenue from its legacy business. With its pipeline of product development and marketing, the group said it expects to see significant growth in 2021, with additional higher price points to come.
In particular, the company anticipates launching the Streams Data service in other key global markets during the year after recently launching the platform into the Chinese market, one of the largest e-commerce markets in the world, worth an estimated 1.5trn dollars annually.
Meanwhile, the company recently informed investors that it has sufficient funds to cover the Company's working capital requirements for the foreseeable future.
Reasons to MOS
Mobile Streams is a mobile content and data intelligence company which operates globally through its subsidiaries in North America, Latin America, Europe and Asia Pacific.
In November 2019 the Company announced that it would launch a new data insight and intelligence platform, called Streams, based on licensing of the Krunch Data platform, to provide services to the B2B market and target customers in the US, LatAm and Europe.
Following the year end, it announced the launch of the Streams SaaS platform on 6 July, and since 14 October customers have been able to access the service and pay for it online.
The Board believes that the Streams data offering is the largest opportunity for the group to deliver growth in shareholder value via newly developed products and services. The main focus for the current year will be growing and developing the product and sales pipeline.
“The traditional content delivery side of the business still brings in ongoing revenue and therefore will be continued, however the majority of investment going forwards will be in growing the new data insight and intelligence business,” explained Chairman, Burton.
In December 2020, the group announced that it had entered into a partnership with Chinese digital communications agency ANOTHER_. to enter the Chinese market by providing both digital services and introductions to potential clients for the company’s Streams service.
Initially, Streams will be targeted at Chinese companies ‘which have challenges accessing aggregated content and data on western social media’ and that are looking to market their services to western customers. The platform officially launched in China on 14 March 2021.
The Chinese market, which represents one of the largest e-commerce markets in the world, is worth an estimated 1.5 trillion dollars annually.
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