Siyata Mobile's 2024 Annual Report: Core Gaming Merger Sets Stage for Mobile Gaming Dominance

Siyata Mobile's 2024 Annual Report highlights its transformative $160M merger with Core Gaming, a leading mobile gaming developer with 43 million monthly active users and 790 million downloads. The merger marks a strategic leap into the $126 billion mobile gaming industry. Core Gaming's AI-driven platform reduces game production time and boosts content output, while its partnerships with platforms like Applovin and Google drive ad-based revenue. The merger's closing is expected this quarter, pending regulatory approval.

Siyata Mobile Inc. (NASDAQ: SYTA), a leading global developer and provider of cellular communications solutions, has announced a transformative merger with Core Gaming, a leading mobile gaming developer. The merger, valued at $160 million, marks a strategic leap into the $126 billion mobile gaming industry [1].

The merger, expected to close this quarter pending regulatory approval, aims to leverage Core Gaming's AI-driven platform to reduce game production time and boost content output. Core Gaming's proprietary BI platform, which dissects marketing channels and funnels ads to high-LTV players, is a key asset. Additionally, its partnerships with platforms like AppLovin and Google drive significant ad-based revenue [1].

Core Gaming's AI-driven platform has already demonstrated its effectiveness, with install-to-payer conversion rates up by 6% and lifetime value (LTV) rising by 6% for Day 30/90 cohorts. The company's 43 million monthly active users (MAUs) and 790 million downloads highlight its substantial market presence [1].

Siyata Mobile's mission is to enable effective communication in critical moments through innovative technology. By merging with Core Gaming, Siyata aims to expand its offerings into the high-growth mobile gaming sector. The merger is expected to bring significant synergies, including enhanced monetization strategies and operational efficiencies [1].

The merger is part of Siyata's broader strategy to diversify its revenue streams and capitalize on the growing demand for mobile gaming. With the global gaming market projected to reach $256.9 billion by 2025, Siyata's strategic move positions it well to capture a significant share of this lucrative market [2].

References:
[1] https://finance.yahoo.com/news/24-7-market-news-mobile-131900662.html
[2] https://www.mitrade.com/insights/news/live-news/article-8-763246-20250416

View Source