Q2 2026 MAG Interactive AB (publ) Earnings Call Transcript
Key Points
- MAG Interactive AB (OSTO:MAGI) reported an organic growth of 16% in US dollars, driven by optimizations of live games like QuizDuel and the addition of Crozzle to the portfolio.
- The company achieved a 35% improvement in ARPDAO (average revenue per daily active user), with QuizDuel showing significant improvements.
- QuizDuel experienced a record revenue quarter, demonstrating the effectiveness of LiveOps and future growth potential.
- Crozzle has been globally expanded with additional languages, indicating potential for future growth both geographically and through product development.
- The company is actively working on new game developments and enhancements, such as the launch of a match-three side core for Wordsy, which is expected to boost ARPDAO.
- User acquisition (UA) investments for Crozzle have been lower than desired, leading to a decline in the game's growth.
- Net sales were down year over year, primarily due to unfavorable US dollar exchange rates.
- The company's growth rate has been lower compared to previous quarters, with Crozzle's decline impacting overall performance.
- The cash pile is growing, but the company is unable to conduct share buybacks due to legal restrictions, limiting options for cash utilization.
- The number of employees has increased compared to the period before the sale of Primetime, raising questions about efficiency gains from platform and AI usage.
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Hello and welcome to the presentation on MAG's Q2 report. So this is December to February. Here to talk to you today is me, I'm Daniel Hasselberg, I'm the CEO of MAG.
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And me, Magnus Wiklander, I'm the CFO of MAG.
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So we're going to, as usual, look at some of the highlights from the report itself and then at the end of the session, we have a Q&A. And also throughout the day, we'll answer any questions you send online on our X and BlueSky accounts.
But we start with this, looking at the highlight from the quarter. So first of all, we want to highlight the organic growth of 16% as measured in US dollars, which is our main currency. And what's driving this organic
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