Swedish game developer MAG Interactive's Q3 sales rise as Crozzle boosts growth

MAG Interactive AB (publ)

24/06/2026 07:11

Overview
Sweden mobile game developer's Q3 net sales rose 4% yr/yr, driven by Crozzle growth
Q3 adjusted EBITDA increased, while adjusted EPS loss narrowed from prior year
Company boosted user acquisition spend, impacting EBITDA margin short term

Outlook
MAG Interactive plans to increase user acquisition investments, guided by long-term profitability targets

Result Drivers
USER ACQUISITION SPEND - Co said increased investment in user acquisition drove revenue growth but negatively impacted EBITDA margin in the short term
CROZZLE PERFORMANCE - Crozzle returned to growth in Q3, supporting higher ARPDAU and validating crosswords as a growth segment
TECH PLATFORM & AI - Co said investments in tech platform and use of AI improved efficiency and product development speed

Company press release: ID:nMFN8cxcV9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
SEK 65.30 mln
 
Q3 Adjusted EPS
 
-SEK 0.06
 
Q3 EPS
 
-SEK 0.06
 
Q3 Adjusted EBITDA
 
SEK 13.40 mln
 

Analyst Coverage
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 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.)