STOCKHOLM, Oct. 20, 2021 /PRNewswire/ -- MAG recorded its
strongest yearly revenue in company history, mainly as a result of
continued improved ARPDAU across its portfolio. Net sales in Q4
grew by 26% and ARPDAU increased by 59% compared to the same period
last year.
Summary of the period June 2021
– August
2021:
- The Group's net sales for the period were 69,647 KSEK (55,100
KSEK), an increase of 26% compared to the same period the previous
year
- EBITDA for the period was 21,743 KSEK (7,664 KSEK)
- Adjusted EBITDA for the period was 22,987 KSEK (596 KSEK)
(adjustments for EBITDA relate to effects from acquisition costs
and social contribution costs from revaluation of option
programs)
- The Group's game contribution for the period was 47,923 KSEK
(25,662 KSEK), an increase of 87% compared to the same period the
previous year
- Average revenue per daily active user (ARPDAU) for the period
was 5.4 US cents (3.4 US cents), an increase of 59% compared to the
same period the previous year
- The result per share during the quarter was 0.30 SEK/share (-0.14
SEK/share)
- The costs of user acquisition for the period were 15,026 KSEK
(21,565 KSEK)
- Daily and monthly active users (DAU and MAU) were 1.6 million
and 5.5 million respectively during the quarter, a decrease of 16%
and 14% compared to the same period the previous year
Comment from the CEO in summary
"I am happy to be able to summarize another quarter with strong
revenue growth and improved profitability. At 26% revenue growth
relative to the same quarter last year, it is the seventh
consecutive quarter we are reporting a growth rate of +20%. Our
EBITDA margin improved to 31%, and we generated a positive
quarterly result. An important driver of the strong result is the
continued improvement of the average revenue per daily active user
(ARPDAU) which grew by 59% compared to Q4 last year to reach
5.4 cents. Revenues from Q4 reached
70 MSEK, and the EBITDA was 22 MSEK.
"Now that the full financial year has passed we can look back
and conclude that we had our highest yearly revenues since the
company's founding eleven years ago. At 287 MSEK, we grew revenues
by 32% versus the previous financial year. The EBITDA was 57 MSEK
which means that we operated at a 20% EBITDA margin on average
during the year.
"Word Domination transitioned during Q4 to our Live Operations
team (Live Ops) who run a strong evergreen
portfolio. Thanks to the higher efficiency of Live Ops
relative to active live development, we have freed up even more
game development capacity for new game projects. We have more
people than ever before working on new games, meaning that we are
investing heavily in the future pipeline for MAG. We are on an
exciting path that I hope will continue to lead to good results in
the coming years as well", says Daniel
Hasselberg, CEO of MAG Interactive.
Summary of the period September
2020 – August 2021 (12
months):
- The Group's net sales for the period were 286,584 KSEK (217,567
KSEK), an increase of 32% compared to the same period the previous
year
- EBITDA for the period was 56,617 KSEK (21,157 KSEK)
- Adjusted EBITDA for the period was 56,609 KSEK (14,202 KSEK)
(adjustments relate to effects from acquisition costs and social
contribution costs from revaluation of option programs)
- The Group's game contribution for the period was 177,350 KSEK
(119,735 KSEK), an increase of 48% compared to the same period the
previous year
- The result per share during the period was 0.27 SEK/share (-0.66
SEK/share)
- The Board proposes that no dividend is to be paid for the
financial year
Presentation & Report
On October 20, 2021 at 10:00 CET, CEO Daniel
Hasselberg and CFO Magnus
Wiklander will present the Interim Report live on Twitch.
The presentation will be held in English. Link to the Twitch feed
is here www.twitch.com/maginteractive. Daniel Hasselberg will also take questions on
Twitter during the course of the day, write to @d_hasselberg or
@maginteractive. For more information and to read the full report
please visit
https://www.maginteractive.com/investors/investor-relations/reports/.
This is information that MAG Interactive AB
(publ) is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication,
through the agency of the contact persons set out below, at 08:00
on October 20, 2021.
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-and-year-end-report-september---august-2020-2021,c3435663
The following files are available for download:
https://mb.cision.com/Main/16579/3435663/1483181.pdf
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MAG Interim report -
2020-21 Q4
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