- Core Gaming's enterprise value increases to $185.9 million in Siyata Mobile (SYTA, Financial) merger deal.
- Monthly active users reach 43 million, with downloads surpassing 790 million.
- Projected 2026 revenues for Core Gaming expected to climb to $240.8 million.
Siyata Mobile (SYTA) has received an updated valuation for its merger with Core Gaming, with ValueScope increasing Core Gaming's enterprise value to $185.9 million as of November 30, 2024. This marks a notable rise from its initial $160 million valuation, driven by Core Gaming's robust growth metrics.
The company reported an increase in Monthly Active Users (MAUs) from 40 million to 43 million, while downloads surged from 600 million to over 790 million. Additionally, Core Gaming's game portfolio has expanded, featuring more than 2,100 titles.
According to projections by ValueScope, Core Gaming's revenues are expected to hit $240.8 million by 2026, with the potential to boost its enterprise value to approximately $963 million. This optimism is underpinned by Core Gaming's use of proprietary AI technology for game development and marketing optimization. Furthermore, the company maintains strategic partnerships with major platforms such as Meta, Google, and TikTok.
The merger, set to close in Q2 pending regulatory approval, includes mechanisms to protect shareholders. The substantial valuation gap between Siyata's current market capitalization, which stands at $5.4 million, and Core Gaming's valuation, underscores the financial potential and execution risks inherent in the deal.
