- 01
MTG reported Q1 2023 net revenues of SEKm 1,306, marking a 4% year-on-year decrease and an 11% organic decline driven by difficult comparisons against pandemic-era performance.
- 02
Adjusted EBITDA reached SEKm 263 with a 20% margin, which represents an underlying margin increase on a like-for-like basis when excluding prior-year platform bonuses.
- 03
PlaySimple’s Word Games franchise maintained its position as the company’s strongest performer for the fifth consecutive quarter, while Ninja Kiwi’s Tower Defense IP showed continued resilience.
- 04
User engagement metrics saw a slight decline in Monthly Active Users (MAU) to 29.4 million, while Daily Active Users (DAU) remained stable at 6.4 million.
- 05
The company maintains a strong liquidity position with approximately SEK 6 billion available for debt and earn-out capacity to support future M&A and shareholder value creation.
- 06
Despite a negative free cash flow of SEKm 329 after earn-out payments, the company achieved a 51% cash conversion rate from operations.