MAG Interactive Interim Report Q3 2023/24

Key insights

6 takeaways

01
MAG Interactive reported Q3 2023/24 net sales of 71 MSEK and an adjusted EBITDA of 18 MSEK, maintaining a 26% EBITDA margin.See it on page 11
02
The company maintains a stable financial position with healthy underlying cash generation and a total cash balance of 116 MSEK.See it on page 7
03
Profit margins have returned to pre-2023 levels, though net sales and EBITDA declined year-over-year from 89 MSEK and 22 MSEK respectively in Q3 2022/23.See it on page 8
04
Lower user acquisition (UA) volumes directly impacted performance metrics, resulting in a year-over-year decrease in DAU from 1.5 million to 1.3 million and ARPDAU from 8 cents to 7.1 cents.See it on page 6
05
The new title 'Crozzle' is currently in soft launch with plans to increase UA investments and add content ahead of a global release.See it on page 4
06
Core revenue drivers remain the established portfolio of live games, including Wordzee, QuizDuel, Ruzzle, and WordBrain, which continue to benefit from live ops and improved LTV strategies.See it on page 5

Summary

4/10 ALPHA PUFF PS&QS BATOS S Gradually increase UA investments Tracking towards global launch 46 RD 19 MSEK WO RUZZLE MSEK WODZEE! Word Domination Ruzzle WordBrain R Growth Live ops Tile Mansion Word Mansion WordBubbles! s p ordalot 5 ZZLE ? ? Primetime Wordalot Word Peace MSEK new games Other WordBrain WORD 2 ...

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