Bemobi Mobile Tech S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 16, 2023 at 10:30 pm
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Bemobi Mobile Tech S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was BRL 346.7 million compared to BRL 288.8 million a year ago. Net income was BRL 22.6 million compared to BRL 24.4 million a year ago.
For the full year, the company reported sales was BRL 1,475.8 million compared to BRL 488.8 million a year ago. Net income was BRL 85.6 million compared to BRL 75.3 million a year ago.
Bemobi Mobile Tech SA is a Brazil-based company involved in the mobile media and entertainment industry. The Firm is focused on the distribution and monetization of mobile apps, games and digital services. The Company operates in a Business-To-Business-To-Consumer (B2B2C) model, in partnerships with mobile operators. The Companyâs services are divided into three units: Applications and Games, Microfinance and Communications. The Applications and Games unit is focused on subscription-based Apps Club, which offers mobile applications and games provided by the Companyâs content partners, including developers, publishers and distributors. The Microfinance unit provides services for prepaid mobile users, including recharging by credit or debit card and Airtime and Data Advance packages payable at next recharge, among others. The Communications unit provides solutions related to voice calls, such as voicemail and audio to text transcription.