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 Green Game Jam, an initiative from Playing for the Planet, MAG is launching special events to build awareness around the impact of waste management.Stockholm, Sweden - September 9, 2024 - MAG Interactive today announces joining forces with the Playing for the Planet Alliance, facilitated by the United Nations Environment Programme (UNEP), for the fifth time. In 2024's campaign MAG chose to focus on highlighting the topic of waste management and how to improve it. Humanity generates an estimated 2.24 billion tons of municipal waste annually, of which only 55% is managed in
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