YuuZoo’s Q3/2015 Revenues Grew 93% to S$ 42.6 Million

12th November 2015, YuuZoo

Singapore-listed YuuZoo Corporation Limited (“YuuZoo”) (SGX: AFC) is pleased to report a 93% growth in revenue for the nine months ended 31 September 2015, to S$ 42.6 million (US$ 30.0 million) and an EBITDA of S$ 22.0 million (US$14.2 million), up 692% over the same period last year.

With growth in all key areas, key contributors to the Q3 numbers were e-commerce, e-sports activities in China and the launch of a new sport franchise operation in the UK.

Q3/2015 Operational Highlights

• In June, YuuZoo announced the formation of YuuGames—a joint venture with XG AMA, a leading organizer of e-sport events in China.  Under the joint venture (JV) agreement, XG AMA is committed to deliver a minimum of 5 million active paying users and a minimum profit of 1.5 million RMB during the first 12 months of operations.

• YuuGames has in Q3/15 signed several major deals. The Company has secured the co-hosting and naming rights for Electronic Sports China Cup (ESCC), China’s major e-sport event run in conjunction with China’s Ministry of Culture. YuuGames also gained co-hosting rights for China Internet Gaming (CIG), another major competition in conjunction with the Ministry of Industry and Internet Technology. Having secured two of China’s largest e-sports events, YuuGames now is amongst the leading players in China in this fast growing and highly lucrative space. China is estimated to have more than 445 million gamers. In addition to the direct revenues from YuuGames, the competitions drive users to YuuZoo’s virtual shopping mall, raises YuuZoo’s profile and contributes to revenues and profits.

• In Q3, YuuZoo acquired the user data of more than 26 million mobile game downloads and 11 leading mobile games from leading Chinese game developer Camigo Media. The acquired user base significantly increases YuuZoo’s reach in China, establishes the Company in China’s US$ 30 billion mobile games market, and like the e-sport events drives new users to YuuZoo’s virtual shopping mall.

To read the full announcement, please click here.