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Corporate Spotlight

-Q and A bills over 10 million messages a year and is leveraging AI and BI to improve revenue
-Subscription delivers content to millions globally and is connected to over 220 telcos
-Crowd Media achieved a 440% revenue increase in FY18
-Crowd Mobile’s mobile payment network spans 68 countries
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Capturing Growing Demand for Crowd Media


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Crowd Mobile Investor Update 

Capturing Growing Demand For Crowd Media Division 

ASX Announcement 19 November 2018

Financial Update

  • Crowd Mobile is focused on building and growing the Media Division, while continuing to restructure the Company’s two Mobile Divisions, Subscription and Q&A. Revenues from the Crowd Media division are expected to increase 250% to circa $1.25 million in the first half of the 2019 financial year (H1FY19).
  • The growth path of the Media division, which generates growing revenues from marketing campaigns on social media platforms, requires ongoing investment and which has largely contributed to operating losses.
  • The Subscription Division continues to generate stable revenues and positive EBITDA although the Company expects some provisions for bad debts to be made in the current half year (H1FY19) as regulatory changes in some markets impact this business division.
  • The Q&A Division has reported softer than expected revenues and profits in the first four months of FY19 and positive EBITDA contribution is expected in the current half year (H1FY19).
  • As a result of the focus on investing in growth of the Media division and potential bad debt provisions from the Mobile divisions, the Company is projecting a small loss for the Half Year (H1FY19).
  • Management has identified cost savings in excess of $2.0 million per annum which are being progressively realised in FY19.
  • The Share Purchase Plan (SPP) has been launched to provide extra working capital for the business and to continue paying down the JGB debt facility.
  • The Company will provide a comprehensive update at its Annual General Meeting at 4pm, 28th November 2018 in Melbourne and we invite all shareholders to attend. 

19th November 2018 - Global mobile entertainment and digital media company Crowd Mobile Limited (ASX: CM8 & FWB: CM3) (“Crowd Mobile” or “the Company”) is accelerating the Company’s operational transformation to capture growing demand for its Crowd Media division, including plans to rename the Company to Crowd Media Holdings Limited by the end of this year. The Company continues to invest in growth of the Media Division and expects some bad debt provisions in the Mobile Division, which is projected to result in a small half year loss (H1 FY19). The Company however remains confident a rebound is in progress underpinned by Crowd Media. 

Video | Capturing Growing Demand for Crowd Media 

Crowd Mobile has prepared a video providing an update on all Company operations and highlighting how it is capturing demand for the Crowd Media division from the Company’s CEO Domenic Carosa, CFO Antoaneta ”Toni” Ignatovska and COO Michel de Jong. 

Click here to view the full announcement.


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