MAG Interactive AB Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2022
June 29, 2022 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, 2022. For the third quarter, the company reported sales was SEK 99.02 million compared to SEK 90.63 million a year ago. Revenue was SEK 100.54 million compared to SEK 91.76 million a year ago. Net income was SEK 10 million compared to SEK 1.33 million a year ago. Basic earnings per share from continuing operations was SEK 0.38 compared to SEK 0.05 a year ago.
For the nine months, sales was SEK 262.97 million compared to SEK 244.38 million a year ago. Revenue was SEK 266.66 million compared to SEK 247.02 million a year ago. Net income was SEK 21.49 million compared to net loss of SEK 0.853 million a year ago. Basic earnings per share from continuing operations was SEK 0.81 compared to basic loss per share from continuing operations of SEK 0.03 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 
