SportsHero generates revenue from World Cup campaign
Released
Released
Announcement PDF
2 July 2018
SportsHero generates revenue from World Cup Campaign in
Indonesia
HIGHLIGHTS
World Cup commenced and generated immediate revenue flows for SportsHero
SportsHero successfully launches World Cup Campaign in Indonesia
New localised Indonesian App
Walletku commenced rollout of SportsHero ticket sales in Indonesia in mid-June and
expects to progressively engage all of its network of 22,000 outlets during July
SportsHero tickets sales, via Walletku’s payment platform, expected to rapidly grow
SportsHero (ASX code: SHO), one of the world’s first social networks dedicated to sports
prediction, is very excited to announce that the initial launch of its World Cup Campaign in
Indonesian demonstrated proof of concept and delivered very encouraging early revenue
flows.
In the first two weeks of the World Cup, SportsHero’s fully localised Indonesian user
experience generated gross revenue of A$50,180, which translates into a gross profit of
A$42,653 for SportsHero.
SportsHero CEO Tom Lapping said: “I am extremely excited to witness proof of concept and
the immediate generation of revenue in Indonesia. Given that our World Cup launch
occurred in mid-June during Ramadan celebrations and, as a result, less than half of
Walletku’s outlets were activated, we are indeed very pleased.”
“Expectations from our partners is that our gross revenue will grow substantially in July to in
excess of A$100,000 and will continue to grow following the start of the 2018/19 English
Premier League and Spanish LaLiga seasons, which are the two most followed football
leagues in the world and are a key focus for growth for SportsHero.”
Managing Partner of IPV Capital (1 billion Asian Tech Fund), Mr Terence Tan, said: “As a
major shareholder and financial supporter of SportsHero, we are extremely pleased with the
initial revenues generated from Indonesia and share the Company’s outlook on the potential
of Indonesia. We are very supportive of their growth plans and strategy for Indonesia and the
ASEAN region. Based on SportsHero’s encouraging post launch results and on the basis of
their revenue targets, IPV Capital will be happy to provide continued and ongoing financial
support when and if required by SportsHero in order to assist the Company to achieve its
SportsHero Limited
ABN 98 123 423 987
Principal and Registered Office: 29 Brookside Place, Lota, Queensland 4179
Tel/Fax: +61 7 3901 0751
Level 2, 91
stated objective of becoming the world’s leading sports prediction, gamification and
marketing app.”
Working with our key Indonesian commercial partners, SportsHero’s Indonesian App offers
Indonesian football fans a unique and tailored experience to show their knowledge and skills
in football predictions and win amazing prizes.
The localised Indonesian App offers Indonesian football fanatics the global SportsHero
experience with:
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a choice of either English or Bahasa language content
a local market online store with prizes and items to be redeemed that are
tailored for Indonesia
targeted news and content on Indonesian and world football
engagement from high profile local Indonesian Influencers and key opinion
leaders in both sport and entertainment
SportsHero has a network of high profile social media influencers to help drive take up and
awareness. These key opinion leaders (KOL) from the sport and entertainment segments will
promote and play SportsHero and have an estimated combined social media following of
more than 17M followers on Instagram in the market.
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the use of high profile KOL is a proven and effective strategy in Indonesia,
where social media usage is an important and rapidly growing daily activity
for approximately half of Indonesia’s 260M population
approximately 65M of the Indonesia population is aged between 18-30, which
is SportsHero’s target demographic
SportsHero has partnered with two strategic partners. The first being Mr Tri Putra Permadi, a
leading Indonesian IT, social network and telecommunications entrepreneur who has been
engaged as SportsHero’s Official Indonesian Football Partner. Mr Putra will leverage
SportsHero’s dynamic and evolving platform into his existing networks and strategic
corporate relationships.
The second partner being PT Walletku Indompet Indonesia (Walletku), who has fully
integrated their payment platform with SportsHero’s Indonesian App to facilitate the sale of
SportsHero tickets to Walletku’s users wanting to participate in SportsHero’s localised
Indonesian competitions. This partnership provides SportsHero with the ability to monetise
Indonesia’s passionate and substantial football fan base.
SportsHero Limited
ABN 98 123 423 987
Principal and Registered Office: 29 Brookside Place, Lota, Queensland 4179
Tel/Fax: +61 7 3901 0751
Level 2, 91
Walletku has a network of established merchants who resell Indosat prepaid mobile with
more than 22,000 physical outlets. The Walletku merchant network reaches more than 8.5M
potential users.
Michael Higginson
Company Secretary
ABOUT SPORTSHERO
SportsHero Limited listed on the Australian Securities Exchange (ASX code: SHO) on 15
February 2017 and is the owner of a world leading sports prediction, gamification and
marketing app. The Company has the high level strategic aim of capitalising on the potential
of a notional amalgamated community of over 1 billion people by combining the
communities of its Affiliates (social platforms, B2B and B2C brands and professional sports
teams) to create a robust user-base of sports fans who come together to play sports games,
consume content and interact with ambassadors and personalities.
SportsHero Limited
ABN 98 123 423 987
Principal and Registered Office: 29 Brookside Place, Lota, Queensland 4179
Tel/Fax: +61 7 3901 0751
Level 2, 91
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