MAG Interactive AB (publ) publishes Interim and Year-End Report September – August 2023/2024
MAG Interactive reports another profitable quarter with improved cash generation. Net sales decreased by 17% compared to the same period last year as a result of lower user acquisition volumes. The annual net sales decreased by 22% with an adjusted EBITDA of 76 MSEK.Summary of the period June – August 2024: · Adjusted EBITDA for the period was 18,829 KSEK (23,713 KSEK), a decrease of 4,885 KSEK · The Group's Net sales for the period was 66,484 KSEK (80,095 KSEK), a decrease of 17% · The Group's game contribution for the period was 47,120 KSEK (53,942 KSEK), a decrease of 13% ·
In this year's UN climate and gaming initiative, Playing For The Planet, MAG is launching special events to support the protection of the snow leopard and the unique ecosystem of the Himalayas.Stockholm, Sweden - May 22, 2023 - MAG Interactive today announced its participation in the UN Environment Programme's Playing For the Planet Alliance for the fourth time. In this year's campaign, MAG has chosen to focus on the importance of preserving the Himalayas and protecting the snow leopard, which lives in this unique environment.Human activity, such as large-scale exploitation and poaching,
In connection with World Environment Day, MAG launches special forest events through the UN climate and gaming initiative Playing For The Planet to highlight the importance of reforestation.Stockholm, Sweden - 7 June 2022 - Today MAG Interactive announces its participation in the UN's environmental program Playing For the Planet Alliance for the third year in a row. MAG’s thematic focus this year is reforestation - the process of planting trees in areas that have been affected by, for example, felling, mining or agriculture.
All MAG's live games will activate players by launching special
MAG appoints mobile gaming veterans Louise Carell as Product Lead for New QuizDuel and Måns Wide as Monetization Lead for the entire organization.Stockholm, Sweden - 9 February 2021 - MAG Interactive announces the hire of two prominent gaming industry figures to leadership positions. Louise Carell joins as Product Lead for New QuizDuel, and Måns Wide will join as Monetization lead for the company. Together they will strengthen MAG's team in both the Stockholm and Brighton studios.
Louise Carell has extensive experience working in the gaming industry. She worked at King for almost 10
MAG releases new interview with the game team about the development of Wordzee.Stockholm, Sweden - November 30, 2020 - Today, MAG Interactive honors Wordzee, the innovative word game which turns one year old since its global launch. The company celebrates this feat by releasing an interview with the game team about the game and its development process.
Developed by MAG's studio in Brighton, Wordzee is one of the company's strongest growth products. The game has reached three million downloads and has the highest average revenue per daily active user, ARPDAU,
After reaching the top rankings in Sweden, Wordzee is ready to take the world by storm. MAG releases its new word game to a global audience today.Stockholm, Sweden - 28 November 2019 - MAG Interactive announces today that the innovative word game Wordzee will be launched globally on the App Store and Google Play, following a successful soft launch in Sweden and the UK.
Wordzee is an expressive and clever word game where players challenge their brains by competing against each other using letter tiles to form high scoring words on a special board. As an added challenge, filling the