MAG Interactive AB Reports Earnings Results for the Second Quarter and Six Months Ended February 29, 2024
April 17, 2024 at 02:00 am EDT
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MAG Interactive AB (publ) reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was SEK 81.85 million compared to SEK 104.26 million a year ago. Revenue was SEK 82.44 million compared to SEK 104.51 million a year ago. Net loss was SEK 12.59 million compared to SEK 3.09 million a year ago. Basic loss per share from continuing operations was SEK 0.48 compared to SEK 0.12 a year ago. Diluted loss per share from continuing operations was SEK 0.48 compared to SEK 0.12 a year ago.
For the six months, sales was SEK 170.87 million compared to SEK 212.73 million a year ago. Revenue was SEK 172.02 million compared to SEK 214.04 million a year ago. Net loss was SEK 8.19 million compared to SEK 14.32 million a year ago. Basic loss per share from continuing operations was SEK 0.31 compared to SEK 0.54 a year ago. Diluted loss per share from continuing operations was SEK 0.31 compared to SEK 0.54 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 
