Last week, we had our MAG Summer Party in Stockholm. We had beautiful weather, music, games (of course!) and an amazing venue! Check it out in the video below. It was awesome to celebrate and have good times together. 🎉 💚 Happy summer everyone! ☀ 😎
MAG Interactive’s Q3 Interim Report September – May 2023/2024 has been officially released. 📈 “We are pleased to report yet another profitable quarter, generating cash and maintaining stable daily active users (DAU) quarter over quarter. We saw Q3 revenues amount to 71 MSEK, a 2% decline relative to Q2. DAU remained steady at 1.1M – the same as Q2 and Q1 – showcasing the robustness of our core business. User acquisition (UA) investments increased by 4 MSEK relative to Q2, which is positive, but not quite at the level needed to get the business back to growth mode. Our cash position improved to 116 MSEK while EBITDA stood at 18 MSEK, resulting in a healthy EBITDA margin of 26%. “Our new crossword game Crozzle’s soft launch continues to develop well. The game shows strong retention as well as healthy return on UA investments. These positive results encourage us to gradually scale up marketing efforts and expand the tests to additional markets. While not yet globally launched, we expect Crozzle to achieve this milestone in the coming months. The team’s hard work is paying off and if the game progresses on this trajectory, Crozzle will become a strong long-term addition to our word game portfolio.'
