Q3 2026 MAG Interactive AB (publ) Earnings Call Transcript
Key Points
- Revenues grew by 9% in US dollars, indicating strong financial performance despite currency headwinds.
- Average revenue per daily active user increased by 24%, driven by the success of the new game Crozzle and optimizations in live games.
- Wordzee has been successfully launched on a new tech platform, opening up new opportunities for future growth.
- The geographical expansion of Crozzle into new languages has resulted in increased revenues in the EU.
- The company's new platform allows for faster deployment of features, reducing time to market and improving margins.
- Currency headwinds have impacted revenue growth when measured in Swedish krona, which only saw a 4% increase.
- Quistio experienced a slower quarter compared to its record performance in the previous quarter.
- Daily active users (DAU) are flat sequentially and down year over year, indicating potential challenges in user retention.
- Staff costs are growing faster than revenue, raising concerns about operational efficiency despite AI integration.
- The company faced challenges in sustaining user acquisition spend levels, impacting long-term revenue growth.
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Hello and welcome to the presentation of MAG's Q3 report. I'm Daniel Hasselberg, I'm the Chief Executive Officer of MAG.
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I'm Magnus Wiklander, CFO.
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So as usual, we're going to talk you through some of the highlights of this report. So this is March, April and May. And then at the end we have a Q&A session and throughout the day, we'll answer questions online as well on our X and Bluesky accounts.
So starting with looking at the highlights from this quarter. So our revenues grew by 9% as measured in US dollars. In Swedish krona, it was about 4%. So there's a little bit of currency headwind here.
The average revenue per daily active user grew by 24%. So
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