Mobile revenue roundup - Week 14, 2025
A quiet week for the publicly-traded mobile app makers
We maintain a complete database of all publicly traded companies that are active in mobile marketplaces, and estimate their mobile revenue on a daily basis using proprietary tools.
Public companies Dashboard - Highlights
Here is the dash, remarks below:
Reminder: The “Est. Rev Delta“ % is an increase/decreased from last week’s estimated mobile revenue versus the average of the past 7 weeks of mobile revenue.
Content
Winners (US/World):
Our Picks and Watchlist
Winners this week
US-traded
Chegg (CHGG) is top #1 again - and the uptrend is undeniable when it comes to their mobile app, where revenue last week was above 50% of the last 52 weeks baseline:
However, as shown above, we only estimate a $40M ARR (annual recurring revenue) from last week, which is less than 10% of the company TTM revenue. Hence, whilst positive, this trend is not a major catalyst for their business.
Worldwide Markets
We’ll keep this one short - we looked at the top 5, and there was really nothing worth mentioning:
KLAB Inc (3656.T) uptrend follows weeks of poor results - far from interesting.
Globee (5575.T) is a tiny cap $45M market cap company, so we’d need to see much more than a week of +38% to be interested enough for a deep dive. It’s due their app "abceed - TOEIC®・英検・英会話・英単語" which launched just over a week ago, contributing about $100K. We’ll follow up if the uptrend continues.
CyberAgent (4751.T) +32% increase isn’t significant given how volatile their weekly revenue is. With an estimate ARR of $500M on their mobile apps vs almost $10B in revenue, it’s not enough for us to look into it.
Ongoing Picks - Watch list
Drecom (3793.T) has been covered the last few weeks, so we’ll keep it short. They have a clear ongoing catalyst with Wizardry Daphne Variants doing well in Japan, Taiwan and Hong Kong. Meanwhile, the stock has dropped 30% in 1 month!
Looking at the chart, you can see how the revenue in red exceeds:
by 3x pre-October revenue
by at least 2x the 52W baseline
We expect to see the est. revenue to do what it has done since October and keep increasing upon game updates and decreasing slowly over time.
We keep asking ourselves the same question: how can investor think the company is worth less today than before Wizardry Variants Daphne, their biggest success in years ?
Drecom will beat expectations when they release their next earnings in 3 weeks - and we’re optimistic investors will look at them again.
Feiyu (1022.HK) was also covered previous weeks. Whilst still trending up vs baseline, the new “1 Step 2 Steps” game does not look like the rocket that’ll propel them into orbit.
Gala Technology (2458.HK) announced phenomenal FY2024 (in particular H2) results 1 week ago, as we expected. We covered it fully here. Investors have however not reacted the slightest - or rather it has been muted by Trump’s trade wars which tanked stocks across the globe.