MAG Interactive AB Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2023
June 28, 2023 at 02:00 am EDT
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MAG Interactive AB (publ) reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported sales was SEK 96.7 million compared to SEK 99.02 million a year ago. Revenue was SEK 97.98 million compared to SEK 100.54 million a year ago. Net income was SEK 8.25 million compared to SEK 10 million a year ago. Basic earnings per share from continuing operations was SEK 0.31 compared to SEK 0.38 a year ago.
For the nine months, sales was SEK 309.43 million compared to SEK 262.97 million a year ago. Revenue was SEK 312.02 million compared to SEK 266.66 million a year ago. Net loss was SEK 6.07 million compared to net income of SEK 21.49 million a year ago. Basic loss per share from continuing operations was SEK 0.23 compared to basic earnings per share from continuing operations of SEK 0.81 a year ago.
MAG Interactive AB (publ) is a Sweden-based developer and publisher of mobile games. The Company offers free-to-play games, in which the players make in application purchases of virtual items or gameplay benefits. The Companyâs portfolio comprises word games, a puzzle game and trivia games; it includes Ruzzle, Ruzzle Adventure, WordBrain, WordBrain 2, Wordalot, Potion Pop, QuizDuel, Pixduel, QuizCross and Backpacker. The games are distributed through virtual stores, such as Google Play and App Store, for operating systems Android and iOS respectively. The Company operates FEO Media AB as subsidiary.
MAG INTERACTIVE AB 