Streaks Gaming PLC Year-over-Year Performance (0476N)
January 18 2023 - 1:00AM
UK Regulatory
TIDMSTK
RNS Number : 0476N
Streaks Gaming PLC
18 January 2023
18 January 2023
Streaks Gaming PLC
('Streaks" or "the Company")
Year-over-Year Performance
London, United Kingdom - Streaks Gaming PLC (LSE: STK), a
GPT-driven, conversational gaming platform targeting customers in
the emerging US sports betting market, is pleased to announce its
year-over-year user growth statistics. The Company has seen a
significant increase in key metrics, including registrations,
unique players, contest entries, and entrants' predictions:
-- Streaks experienced a 378% increase in registrations, rising
from 24,401 in 2021 to 116,519 in 2022;
-- the Company saw a 325% increase in unique players, going from
18,440 in 2021 to 78,347 in 2022;
-- contest entries also saw a significant increase, with 374%
growth from 108,466 in 2021 to 514,252 in 2022; and
-- total entrants' predictions rose by 309%, from 1,081,493 in 2021 to 4,423,344 in 2022.
The Company attributes these positive results to its focus on
providing a seamless and enjoyable gaming experience for its users
that leverages ChatGPT's engaging conversational interface to drive
significant operational efficiencies.
These results demonstrate Streaks' operating model whereby the
Company seeks to exploit the arbitrage available between the cost
of signing customers to its free to play app and the rewards paid
by established sports betting companies for referrals via the
Company's platform that lead to first time depositors. This is a
familiar model in more developed gaming markets such as the U.K.
and Europe, with the U.S. being an attractive emerging gaming
population due to its size, affluence and the relative immaturity
of the market.
Streaks' CEO, Mark Rutledge, said, "We are thrilled with the
progress we have seen in our key metrics. This can be attributed to
our focus on delivering high-quality, engaging gaming experiences
to our players. Our gaming experiences collect a unique set of
first-party sports and prize affinity data, which we are
transforming into hyper-personalized gameplay and prizing through
the use of generative AI and integrations with ChatGPT. We are
confident that this investment in generative AI will set us apart
from our competitors and continue to drive our growth in the gaming
industry. We look forward to sharing more details about this
exciting development in the future."
The Company plans to continue expanding its offerings and
investing in innovation to meet the demand for its services.
About Streaks:
Streaks Gaming PLC is a provider of online gaming services. The
Company offers a wide range of contests and predictions for sports
and esports fans with a user-friendly platform, cutting-edge
technology, and a commitment to providing a seamless and enjoyable
gaming experience.
For more information, please visit Streaks Gaming PLC's website
at playstreaks.com.
Contact:
Streaks Gaming Plc
Mike Edwards Via First Sentinel
Non-Executive Chairman +44 203 989 2222
-------------------
Tennyson Securities, Corporate Broker
Peter Krens +44 207 186 9030
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END
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