Everything you need to know about how Bidstack is trading is contained7 Mar 2022 11:03
Within this recently published statement......
Due to the recently signed commercial agreements, Bidstack has secured a revenue stream of a guaranteed minimum of US$30 million advertising spend over two years, commencing 1 March 2022;
· Signed a multiple format advertising agreement covering the mobile portfolio of one of the world's leading AAA gaming companies; the arrangement includes exclusivity for one of the publisher's biggest sporting franchises;
· Brand count doubled year-on-year to 70 (FY20: 35);
· Publisher portfolio nearly tripled year-on-year to 58 (FY20: 20);
· Growing global footprint: active in over 30 markets (FY20: 17);
· Implemented 76 ad campaigns in FY21 (FY20: 44); and
· Structural improvement in gross margins, associated with scaling in-game advertising revenue.
FY21 Financial Update
The Board is pleased with the Company's progress, which has prioritised improving the quality of revenues and gross margin alongside strategic investments in key talent and operations. The Company has chosen not to pursue some low margin revenue opportunities and instead has invested in building the foundation for future high quality, higher margin growth areas. The Directors believe that this was the appropriate, long-term approach, as evidenced by the recent agreements with Azerion and one of the world's leading AAA gaming companies.
Last year 20 games....now 87!