Trading and Business Update

RNS Number : 1332K

Taptica International Ltd

05 July 2017

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

5 July 2017

Taptica International Ltd

("Taptica" or the "Company")

Trading and Business Update

Taptica expects H1 2017 revenue and EBITDA year-on-year growth of more than 25% and 40% respectively

Taptica (AIM: TAP), a global end-to-end mobile advertising platform for advertising agencies and brands, is pleased to provide the following trading update for the six months ended 30 June 2017 ahead of its results to be issued in September 2017.

As stated at the time of the FY 2016 results announcement on 20 March 2017, Taptica entered 2017 at a run rate significantly higher than the equivalent period in the prior year as it continued to benefit from the investment being made into mobile advertising by corporates and advertising agencies. As consumers continue to increase their use of apps and are accessing the internet on their mobile more of the time, the Company saw existing clients growing their ad spend accordingly  in the first half of the year.  Taptica has also seen good growth through its expanded global presence and experienced increased revenue contribution in H1 2017 from the Company's new offices. Specifically, the Company saw increasing demand from the Asia-Pacific region as Taptica continued to build its presence in the region. As a result, the Company expects to report H1 2017 revenue and adjusted EBITDA significantly ahead of the corresponding period in the prior year.

The strength of the Company's offer lies in its proprietary platform and ability to constantly collect accurate data. This enables Taptica to deliver efficient and effective campaigns, which it has continued to do for all its clients in the first half of the year.

In the second half of the year, the Company remains confident of achieving sustained strong growth as it continues to grow through its international expansion in the Asia-Pacific region as well as other regions. As a consequence of this and the strong first half performance, the Company expects adjusted EBITDA for FY 2017 to be higher than market expectations.

The Company looks forward to providing a further update at the time of the half-year results in September 2017.

For further details:

Taptica	[phone]
Hagai Tal, Chief Executive Officer
finnCap (Nomad and Joint Broker)	[phone]
Jonny Franklin-Adams, James Thompson - Corporate Finance Tim Redfern, Richard Chambers - Corporate Broking
Berenberg (Joint Broker)	[phone]
Chris Bowman, Mark Whitmore
Luther Pendragon (Financial PR adviser)	[phone]
Harry Chathli, Claire Norbury

About Taptica

Taptica is a global end-to-end mobile advertising platform that helps the world's top brands reach their most valuable users with the widest range of traffic sources available today, including social. Its proprietary technology leverages big data and, combined with state-of-the-art machine learning, enables quality media targeting at scale. Taptica creates a single arena in which brands can scale and engage more relevantly with mobile audiences, staying ahead of the competition. It works with more than 600 advertisers including Amazon, Disney, Facebook, Twitter, OpenTable, Expedia, Lyft and Zynga. Taptica is headquartered in Israel with offices in San Francisco, New York, Boston, Beijing, Seoul and London. Taptica is traded on the London Stock Exchange (AIM: TAP).

 

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