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Highlights
- Streamplay expands Playstream to Sri Lanka via new telco partnership
- Taps into a digitally connected market with over 32 million mobile connections
- Continues growth beyond UAE following strong first-year revenues
Streamplay Studio (ASX:SP8) has announced its strategic entry into the Sri Lankan market through an exclusive partnership with Mobibox Technologies – FZCO to deliver its Playstream cloud gaming service to customers of Dialog Axiata PLC, the nation’s largest mobile operator. This agreement marks a significant step forward in Streamplay’s international growth journey following its earlier success in the UAE.
With over 19.1 million subscribers, Dialog Axiata PLC offers a substantial gateway to one of South Asia’s digitally engaged consumer bases. Sri Lanka boasts 32.5 million active mobile connections and 21 million broadband users, presenting an attractive environment for cloud-based gaming services. The median age of just over 33 years and widespread smartphone adoption make the market especially receptive to mobile-first entertainment.
The agreement allows Streamplay to integrate directly with Dialog’s billing systems. Mobibox will manage all marketing and distribution, enabling Streamplay to focus on platform performance and user engagement. Streamplay will receive 15% of net revenues after accounting for Dialog’s 30% telco share and other regional charges. The agreement spans an initial three-year term and offers annual renewals, with service launch expected within the current quarter.
The move into Sri Lanka comes on the heels of a successful UAE rollout where Playstream was made available to Etisalat and du subscribers. Over the past year, this deployment generated over AED 2.04 million (~A$873,000) in revenue, highlighting the platform’s growing market traction. This expansion model aligns with Streamplay’s capital-efficient strategy, requiring no additional marketing or operational outlays.
Streamplay's momentum underscores the increasing global appetite for mobile gaming services delivered through scalable cloud platforms. It also reflects broader investor interest in companies diversifying across emerging digital economies.
As cloud gaming and mobile consumption grow, companies like Streamplay (SP8) are positioning themselves alongside other innovative ASX200 stocks. For those tracking trends in tech-focused equities within the S&P/ASX200, this development illustrates how digital entertainment is reshaping investor focus.
Additionally, companies adopting capital-light models in high-growth sectors may attract attention within the broader spectrum of ASX dividend stocks.
Chairman Bert Mondello remarked on the strategic fit of the Sri Lankan launch within Streamplay's broader expansion, highlighting the efficiency of leveraging Mobibox’s local expertise while maintaining a lean operational model.
As Streamplay continues to widen its global footprint, its entry into South Asia represents a meaningful step in aligning innovation with scalable growth opportunities.
