Q1 2020 Interim Report January-March (PDF).pdf

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Preview of Q1 2020 Interim report January-March (PDF)
🔗 Source: mb.cision.com
📊 Size: 528 KB
📄 Pages: 25 pages
⬇️ Downloads: 185

Summary

MTG's Q1 2020 report shows a 2% decline in net sales to SEK 924 million, with adjusted EBITDA of SEK -21 million. The esport vertical was impacted by the Coronavirus pandemic, but adapted by rescheduling events and moving online, delivering record viewership. The gaming vertical showed resilience, with InnoGames experiencing a close to record high DAU. MTG is executing a three-phased plan to respond to the pandemic, focusing on business continuity, operational efficiency, and new opportunities. The company is considering separating its gaming and esport businesses to maximize shareholder value. Guidance for 1H 2020 expects a 25-35% decline in esport revenue.

Description

MTG's Q1 2020 report shows a 2% decline in net sales to SEK 924 million, with adjusted EBITDA of SEK -21 million.

Technical Information

  • File Format: PDF
  • File Size: 528 KB
  • Pages: 25
  • Language: EN
  • Total Downloads: 185
  • Last Updated: 2 days ago

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