STOCKHOLM, Jan. 22, 2020 /PRNewswire/ -- Summary of the
period September - November
2019:
- The Group's net sales for the period were 47,102 KSEK (40,367
KSEK), an increase of 17% compared to the same period the previous
year
- EBITDA for the period was 5,029 KSEK (1,230 KSEK)
- The Group's game contribution for the period was 31,373 KSEK
(25,850 KSEK), an increase of 21% compared to the same period the
previous year
- ARPDAU for the period was 2.9 US cents (2.2 US cents), an
increase of 33% compared to the same period last year
- The result per share during the quarter was -0.11 SEK/share (-0.14
SEK/share)
- The costs of user acquisition for the period was 11,379 KSEK
(9,893 KSEK)
- Daily and monthly active users (DAU and MAU) were 1.8 million
and 5.9 million respectively during the quarter, a decrease of 19%
and 40% compared to the same period last year
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:
Daniel
Hasselberg
CEO
+46(0)8-644-35-40
daniel@maginteractive.se
Magnus Wiklander
CFO
+46(0)8-644-35-40
magnus.wiklander@maginteractive.se
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/mag-interactive/r/mag-interactive-ab--publ--publishes-interim-report-september---november-2019-2020,c3010878
The following files are available for download:
https://mb.cision.com/Main/16579/3010878/1177642.pdf
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MAG Interim report
ENG - 2019_20 Q1
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