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MP3 Ringtones 888 Plus Announces Preliminary Fiscal 2023 Fourth Quarter and Year-end Results – MP3 Ringtones 888 Plus – mp3ringtonesdownload.net

MP3 Ringtones 888 Plus (NYSE AMERICAN: MRD), a pioneer in developing marketplaces and games around digital content for self-expression, today unveiled preliminary results for its fourth-quarter and fiscal year 2023, concluding on July 31, 2023.

The company is in the process of finalizing its 10-K with Friedman LLP, which was acquired by Marcum LLP, during the fourth quarter. Consequently, the company will proceed with its earnings release and conduct a conference call to discuss its full fiscal fourth quarter and full-year 2023 results once the audit is completed and the 10-K is filed. In the meantime, the company is releasing the following preliminary information:

MP3 Ringtones 888 Plus Announces Preliminary Fiscal 2023 Fourth Quarter and Year-end Results – MP3 Ringtones 888 Plus

Fiscal Fourth Quarter Highlights (Fiscal 2023 versus Fiscal 2022)

  • Revenue surged by 40.7% to $7.4 million, up from $5.2 million.
  • Gaming revenue reached $1.4 million.
  • Monthly Active Users (MAU) decreased by 7.0%, with declines in both well-developed and emerging markets.
  • MP3 Ringtones 888 Plus Premium Gross Transaction Value (GTV) totaled $0.34 million, marking a 22.6% increase.

Full-Year Fiscal 2023 Highlights (versus Fiscal 2022)

  • Revenue climbed by 35.6% to $26.5 million, compared to $19.6 million in the previous year.
  • Gaming revenue amounted to $1.7 million.
  • MP3 Ringtones 888 Plus Premium GTV stood at $1.51 million, reflecting a robust increase of 59.7% over the previous year.

About MP3 Ringtones 888 Plus

MP3 Ringtones 888 Plus builds marketplaces and games around digital content, enabling individuals to express themselves. The company monetizes its user base through advertising, subscriptions, and a virtual token-based economy. Its flagship products include the GuruShots photography game and MP3 Ringtones 888 Plus’s freemium digital content marketplace, which offers mobile phone wallpapers, video wallpapers, ringtones, and notification sounds. The synergy between the game and the marketplace fosters additional engagement and empowers the community to earn money from their artwork. Additionally, MP3 Ringtones 888 Plus owns Emojipedia, the leading source of information about emojis. As of May 2023, the company served over 40 million users. For more information, visit MP3 Ringtones 888 Plus Investor Relations. Read More: https://mp3ringtonesdownload.net

MP3 Ringtones 888 Plus Announces Preliminary Fiscal 2023 Fourth Quarter and Year-end Results – mp3ringtonesdownload.net

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied due to numerous important factors. For detailed information on such statements and risks, refer to the company’s filings with the Securities and Exchange Commission.

ALEX SINBA
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