MAG Interactive AB (publ) Publishes Interim Report September - November 2019/2020
MAG Interactive AB (publ) Publishes Interim Report September - November 2019/2020 Increased revenues and strengthened EBITDA in the financial year's first quarter |
[22-January-2020] |
STOCKHOLM, Jan. 22, 2020 /PRNewswire/ -- Summary of the period September - November 2019:
Comment from the CEO in summary "The company's financial year 19/20 has started strongly. All multiplayer games have increased their ARPDAU and revenue compared to the same period last year. Total revenue across the entire product portfolio grows by 17% and EBITDA lands just over 5 million SEK for the quarter. As previously communicated, ARPDAU - average revenue per daily active user - is a key figure where we see great potential for the entire portfolio. In Q1 of the broken fiscal year, ARPDAU has grown to 2.9 US cents, an increase of 33% compared to the same period last year. MAG continues to strengthen its core products while the company builds on the new games released at the end of the quarter. We have user acquisition as a base for long-term growth and we expect to be able to significantly increase UA-investments in Wordzee, which was released globally in Q1, going forward", says Daniel Hasselberg, CEO of MAG Interactive. For additional information, please contact: Magnus Wiklander This information was brought to you by Cision http://news.cision.com The following files are available for download:
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Company Codes: ISIN:SE0010520908, Stockholm:MAGI |
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