Immotion Group plc share price, company news, analysis and interviews

Immotion Group plc (LON:IMMO), the UK-based immersive entertainment group,has today announced its audited results for the year ended 31 December 2021 and to provide a Group update. Highlights ·    Group revenue increased 230% to £9.4m (2020: £2.8m) ·    Group positive adjusted EBITDA of £0.9m (2020: £1.7m negative) ·    Strong recovery from the Location Based Entertainment (“LBE“) business ·    LBE revenue increased by 204% to £6.3m (2020: £2.1m) with H2 revenue of £4.0m (2020: £1.3m) ·    Unaudited Q1 2022 LBE revenue increased threefold versus Q1 2021 (£1.8m v £0.6m) with April revenue expected to exceed £800k following buoyant Easter ·    First large-scale zoo installation contract for a large 24 seat theatre style installation agreed and contract expected

Immotion Group plc (LON:IMMO), the UK-based immersive entertainment group, has announced the opening and signing of the following new partner sites in its core Location Based Entertainment business, scheduled to bring a total of 24 new seats into operation: ·    Akron Zoo, Ohio, USA – Immotion has put a 6-seat installation into Akron Zoo.  The attraction will open on 16 April 2022. ·    Seattle Aquarium, Washington, USA – Started operations in late March. ·    Sea Life Manchester – Manchester now joins the fold of installations in Sea Life venues, with six seats in a new three-year deal. ·    New Aquarium site USA.  The Company has signed and completed the

Shark Reef Aquarium Expansion and Contract Extension Immotion Group plc (LON:IMMO), the UK-based immersive entertainment group, has announced an expansion of capacity and a contract extension at Shark Reef Aquarium, inside Mandalay Bay Resort & Casino, Las Vegas, currently the Group’s largest installation. This will see the theatre capacity increase to 48 seats from its current 36 seats, allowing greater customer throughput, especially at peak times. The current contract, which will also include the expanded capacity, will also be extended by a further 12 month period through to 31 January 2024. We envisage that the expanded theatre will be fully operational in

Immotion Group plc (LON:IMMO), the UK-based immersive entertainment company, will announce today the launch of Gorilla Trek, a new live-action virtual reality experience, at the IAAPA trade show in Florida. This exciting new VR experience will take guests to the rainforests of Rwanda on a mission to study one of nature’s most intriguing yet endangered animals – the mountain gorilla. Immotion is proud to partner on this project with the Dian Fossey Gorilla Fund, the renowned gorilla conservation organization. Tara Stoinski, CEO of the Fund, guides the mission, giving unprecedented access and stunning insights into seldom-seen gorilla behaviors.  Produced by Immotion’s Emmy Award-winning team, it