Sweden's MAG Interactive Q4 sales slip on lower user acquisition spending

MAG Interactive AB (publ)

Wed 07:10

Overview
Sweden mobile game developer's Q4 net sales fell 17% yr/yr
Q4 EBITDA rose sharply, while adjusted EPS turned positive
Lower user acquisition spending weighed on revenue but improved profitability

Outlook
MAG Interactive did not provide specific financial guidance for the coming quarters or year in the press release

Result Drivers
USER ACQUISITION SPEND - MAG said lower user acquisition investment contributed to reduced revenue but improved profitability
LIVE OPERATIONS - Co attributed higher average revenue per daily active user for the yr to improved live operations experience
NEW GAME TESTING - MAG said it tested six new games in Q4, aiming to boost competitiveness and product development momentum

Company press release: ID:nMFN6ffswl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
 
SEK 63.58 mln
 
Q4 Adjusted EPS
 
SEK 0.10
 
Q4 EPS
 
SEK 0.10
 
Q4 EBITDA
 
SEK 18.74 mln
 

Analyst Coverage
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 24 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)