Viggle Inc. (NASDAQ:VGGL), an entertainment marketing and rewards platform that includes the Viggle, NextGuide, Wetpaint and Choose Digital brands, has released preliminary revenue and user growth figures for fiscal Q4 and full fiscal 2014. Full results will be released on or before September 28.
According to the preliminary figures, Viggle generated approximately $5.2 to $5.4 million in revenue in Q4, an increase from revenue of $3.3 million in Q3. The company generated approximately $17.9 to $18.1 million in revenue in fiscal 2014, an increase from $13.9 million in 2013.
Net registered users as of the end of Q4 totaled 5.35 million, an increase of 75% over 3.06 million at the end of the last fiscal year, and a 29% increase over 4.14 million at the end of Q3 2014. Average monthly active users were approximately 653,400 in Q4, an increase of 61% over the Q3 average of 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.”
Shares of VGGL were inactive in pre-market trading at $3.16 with a 52-week range of $2.95 – $64.00.
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