Siyata Mobile Unveils ValueScope’s $185.9M Core Gaming Valuation with Blockbuster Growth Projections

March 27, 2025

DENVER, Colo., Mar 27, 2025- 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, today announced that Siyata Mobile (NASDAQ:SYTA) released a pivotal valuation report from ValueScope, LLC, a Marshall & Stevens company, pegging Core Gaming’s enterprise value at $185.9 million as of November 30, 2024. This blockbuster assessment, tied to Siyata’s planned merger with Core Gaming, announced February 26, 2025, forecasts a meteoric rise, with revenues soaring to $240.8 million by 2027 and a potential enterprise value topping $963 million—a jaw-dropping leap.

ValueScope expects Core Gaming, an AI-driven mobile gaming innovator, to continue to experience its exponential year-over-year revenue growth trajectory. Core Gaming’s reported revenue grew from $13.2 million 2021, $38.9 million in 2022, $57.0 million in 2023, an estimated $90.8 million for 2024, and is expected to climb to $145.8 million this year and $240.8 million in 2026. Fueled by global adoption of its AI-enhanced entertainment apps and sharper monetization, the company’s EBITDA margins are set to jump to 8.9% in 2026, hitting $21.4 million.

Applying industry-standard EV/Sales multiples to ValueScope’s projected 2026 Core Gaming revenue of $240.8 million can help determine a projected valuation range. Mobile gaming peers like AppLovin (NASDAQ:APP) trade at 3x-5x sales, reflecting growth and profitability potential, while mature players like Electronic Arts (NASDAQ:EA) hover near 4x. Core’s AI edge, 40 million monthly active users (MAUs), and history of rapid year-over-year growth rate justify a premium, but let’s assume a conservative 3x to 4x range, which translates to the following valuation calculations.

Low End (3x): $240.8M × 3 = $722.4 million

High End (4x): $240.8M × 4 = $963.2 million

ValueScope, LLC, a Marshall & Stevens company, is recognized as the gold standard in financial valuation. The Southlake, Texas-based firm is now part of a Los Angeles valuation titan since July 2024, blends nearly a century of Marshall & Stevens’ gravitas (founded 1932) with ValueScope’s razor-sharp expertise. From blockbuster mergers to high-stakes litigation, ValueScope has left its mark on some of Wall Street’s prime transactions, wielding a meticulous approach that’s the envy of the Street.

Siyata Mobile (NASDAQ:SYTA)

Assuming Sustained Momentum into 2027

A 50% growth rate from 2026 to 2027 would see Core hit $361.1 million in revenue, a reasonable leap given its 2021-2024 compound annual growth rate (CAGR) of 89% ($13.2M to $90.8M). however, let’s conservatively dial that back to 40% growth, accounting for market saturation or competition, yielding $337.1 million ($240.8M × 1.4). Applying an even more conservative EBITDA margin growth rate, rising from 8.9% to a projected 9%,would yield $30.3 million ($337.1M × 0.09). Applying the same 3x-4x EV/Sales multiples:

Low End (3x): $337.1M × 3 = $1,011.3 million

High End (4x): $337.1M × 4 = $1,348.4 million

Strategically, Core Gaming’s investment appeal is underpinned by its extensive intellectual property portfolio, robust global user base, and successful integration of AI technologies into highly engaging mobile entertainment products. The growing profitability, coupled with scalability in a high-demand market segment—mobile gaming and AI-driven social applications—solidifies Core Gaming as an attractive asset poised to deliver meaningful shareholder value over the next several years.

40 Million MAUs

The acquisition positions Siyata Mobile to leverage Core Gaming’s extensive AI-driven entertainment app portfolio, intellectual property, and global user base of over 500 million users. These combined strengths place the post-transaction entity in a prime position to capitalize on the growing mobile gaming and AI-driven entertainment sectors, offering investors meaningful growth potential and substantial shareholder value enhancement in the years ahead.

Core Gaming’s 40 million monthly active users (MAUs) are about 10% of Activision’s 400 million MAUs, which Microsoft (NASDAQ:MSFT) acquired for $68.7 billion with Blizzard on October 13, 2023.

Microsoft reaped tangible wins from this megadeal, the largest in video game history, but the mobile gaming windfall was the crown jewel. Activision’s King division, behind Candy Crush Saga’s $20 billion lifetime haul since 2012, hands Microsoft a slice of the $100 billion mobile market—where the estimated 3 billion players dwarf the console’s 200 million.

AppLovin (NASDAQ:APP), Bilibili (NASDAQ:BILI), Golden Matrix (NASDAQ:GMG), Playtika (NASDAQ:PLTK), Roblox (NYSE:RBLX), and Take-Two (NASDAQ:TTWO) were among ValueScope’s Core Gaming comparable listings.

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