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MGM Wireless's AllMyTribe App Recurring Revenue Surges


Technology company MGM Wireless Limited (ASX:MWR) (‘MGM’ or ‘the Company’) today announced that monthly recurring revenue from AllMyTribe smartphone app subscriptions reached a new record of $109,000 in December 2019, up threefold from December 2018.

Highlights:

• Strong recurring revenue growth for AllMyTribe smartphone app.
• AllMyTribe app revenue $0.5 million Jul – Dec 2019, up 632% on pcp1.
• Monthly AllMyTribe app revenue reached $109,000 in December 2019, up 30% MoM.
• AllMyTribe app ranked #1 grossing navigation app in Australia and New Zealand.

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