Mobile Streams reports ‘on track’ results

Mobile Streams reports ‘on track’ results


Mobile content retailer Mobile Streams has reported ‘on track’ 2008 results, ahead of its full year results statement in March.


The results come 12 months after the company’s deficit in 2007, which led to a restructuring of the business.


Mobile Streams CEO Simon Buckingham said: “Mobile Streams is delighted to have ended the year with trading profits despite the economic environment.  After the expansion and losses incurred in 2007, we focused our resources on better management of our dozen or so key operator relationships around the world.


‘This led to the carefully planned reduction in revenues seen year over year which together with judicious cost reductions and favourable foreign exchange movements produced the significant improvement in EBITDA.’


He added: ‘Mobile Streams expects 2009 to be an exciting year with the continued opening of the Mobile Internet globally, the introduction of new handsets and evolving business models.’




Written by Mobile Today
Mobile Today


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