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Leading Free-To-Play Mobile Game Group. A Value Play Opportunity.

Dave Jackson Dave Jackson, Stockhouse
2 Comments| August 25, 2021

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You may not know it, but mobile gaming is one of the hottest technology investment sectors. It was on the rise since before the COVID-19 global pandemic, and it’s been even stronger since the pandemic began…and it’s still set for major future growth.

Because mobile smartphones are never far out of our reach, now more than ever, people are connected to their devices. As a result, apps are seeing more downloads and use at unprecedented levels, especially mobile games.

One such mobile gaming company that’s clearly ascending the space is Vancouver BC-based LEAF Mobile Inc. (TSX-V.LEAF, OTC: LEMLD, Forum) – a leading free-to-play creator and publisher of counter culture mobile games that we introduced to our Stockhouse audience back in April 2020.

And here’s how big the market is getting. According to a recent report from the "Mobile Gaming - Thematic Research", mobile gaming is already bigger than the console and PC gaming markets combined, contributing nearly 57% of the $173 billion global video games revenue in 2020. Worth $98 billion in 2020, the mobile gaming market will grow to $272 billion by 2030, at a compound annual growth rate (CAGR) of 11% over the period, according to the publisher's forecasts. Now, that’s big. Very big.

As a leading developer in this exploding retail space for the past number of years, LEAF Mobile has provided a solid and ever-expanding library of highly engaging games that have produced enduring enjoyment among players, as well as record-setting revenues. Their hotly anticipated game based on the hit TV show RuPaul’s Drag Race is set to launch in the second half of 2021 and is set to add more fuel to LEAF’s growth through 2022 and beyond.

Since going public, LEAF is bringing its impressive offerings to a much wider audience of not just players, but savvy investors, as well.

In the News

On August 16th, LEAF Mobile reported a record second quarter and first-half putting the Company on track for big things through the rest of 2021 and beyond. Strong growth metrics, along with a key partnership agreement were the order of the day as investors took note.

LEAF’s share price has now topped the $3.60 mark and its market cap is now around $275 million.

(30-day TSX-V.LEAF stock chart July 19, 2020 – Aug 17, 2021. Click image to link to chart)

Financial Highlights:

  • Revenue growth of 28% versus the same period last year
  • Year to date proforma revenue growth of 38% versus same period last year
  • Year to date proforma adjusted EBITDA growth of 100% versus same period last year
  • Total liquidity of $30 million versus $13 million at year end 2020
  • And, signed four new IdleKit platform partners, expanding game pipeline by an additional nine games.

Darcy Taylor, CEO of LEAF Mobile, commented on the positive second quarter results:

"We continue to see the benefits of our investments in key areas that drive long-term revenue and margin growth. We’re excited for the back half of the year as we will see multiple game launches, including RuPaul’s Drag Race Superstar. We will continue to execute on our 3-pillar strategy of combining accretive acquisitions, organic game growth and distributed growth through our proprietary IdleKit platform licensing.”

LEAF Mobile positioned itself to enter into a strategic acquisition spree over the past year-plus – including its marquee purchase of Vancouver’s East Side Games Inc. in February for $159 million. This acquisition helped LEAF become Canada’s largest publicly traded mobile games company. LEAF’s footprint currently consists of game studios in Vancouver and Nanaimo B.C., along with partners in North & South America and European regions.

Investors should stay tuned to Stockhouse for up-to-date news and information on this award-winning, free-to-play mobile game group.

(Click image to enlarge)

For more information, visit

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

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