Viggle Revenue Up Approximately 60%; Net Registered Users Increase 75%, Preliminary F4Q 2014 Figures Show
16 July 2014 - 10:00PM
Business Wire
Average Monthly Active Users up 61% over F3Q
2014
Viggle Inc. (NASDAQ: VGGL), the entertainment marketing
and rewards platform that includes the Viggle, NextGuide, Wetpaint
and Choose Digital brands, today released preliminary revenue and
user growth figures for its F4Q 2014 and full Fiscal 2014, ended
June 30, 2014.
Full financials and user information will be disclosed in
Viggle’s Annual Report on Form 10-K. The 10-K will be filed with
the U.S. Securities and Exchange Commission on or before the
September 28, 2014 deadline.
According to the preliminary figures, Viggle generated
approximately $5.2 to $5.4 million in revenue in F4Q 2014, an
increase of approximately 60 percent over F3Q 2014 revenue of
$3.306 million. Viggle generated approximately $17.9 to $18.1
million in revenue in Fiscal 2014, an increase of approximately 29
percent from $13.907 million in 2013.
Net registered users as of the end of F4Q 2014 totaled 5.353
million, an increase of 75 percent over 3.0623 million at the end
of F4Q 2013, and a 29 percent increase over 4.141 million at the
end of F3Q 2014.
Average monthly active users were approximately 653,400 in F4Q
2014, an increase of 61 percent over F3Q 2014’s average, which was
approximately 405,600.
“We’ve seen steady growth across the Viggle platform in the last
3 months and over the last 12 months,” said Greg Consiglio,
President and COO of Viggle Inc. “The growth is indicative of the
strategy we have laid out as we expand beyond a single app to a
platform of brands and services for entertainment fans and
marketers who need to reach them. We are starting to achieve
synergies among the various properties we’ve acquired in the last
six months, which help drive the usage numbers.”
Viggle Inc.’s properties include the Viggle app, which offers
rewards for watching TV, engaging with advertisements or listening
to music; NextGuide, a personalized TV programming guide and
distributed reminder platform; Wetpaint, an entertainment news and
social publishing platform; and Choose Digital, a digital
marketplace platform. In June 2014, Viggle Inc. achieved a total
reach of 18.4 million. Total reach is the total amount of
registered users for the Viggle app and monthly unique users of the
Wetpaint media properties.
About Viggle
Viggle is an entertainment marketing and rewards platform whose
app rewards its members for watching TV shows and discovering new
music. The Viggle mobile app has over 5 million users. Since its
launch, Viggle members have redeemed nearly $19 million in rewards
for watching their favorite TV programs and listening to music.
Members can also use The Viggle Store, a rewards destination where
they can redeem their Viggle Points for music downloads. In
addition, Viggle operates Wetpaint, which offers entertainment and
celebrity news online; Dijit Media, maker of technology that helps
consumers search for, find, and set reminders for TV shows and
movies; and Choose Digital, a digital marketplace platform that
allows companies to incorporate digital content into existing
rewards and loyalty programs in support of marketing and sales
initiatives. For more information, visit www.get.viggle.com or
follow us on Twitter @Viggle.
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. All
information provided in this press release is as of the date of
this release. Except as required by law, Viggle Inc. undertakes no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.
Viggle Investor
Relations:John C. Small, 646 738 3220CFO, Viggle
Inc.john@viggle.comorIRTH
CommunicationsRobert Haag, 1-866-976-4784Managing
PartnerVGGL@irthcommunications.comorMedia
Contact for Viggle:Ed Tagliaferri, 212 981 5182DKC
Public Relationsedmund_tagliaferri@dkcnews.com