Annual Report Reveals Huge Success Based on Strong Portfolio and Player Appeal.

Press release:
Stockholm, Sweden — March 15, 2017 — Swedish mobile games developer MAG Interactive today shared the findings from its 2016 annual report, announcing financial figures that depict sustained growth and profitability based on its portfolio of popular mobile titles including Ruzzle, Wordbrain, Wordalot and more. With over 100 million downloads across its portfolio, the annual financial report revealed that MAG’s sales last year rose a record breaking 70% from 2015 to €28 million (£24.3M, $29.5M), with an overall profit of €5.8 million (£5M, $6.1M).

“2016 was a truly great year for MAG, as we not only surpassed 100 million downloads across our portfolio, but the end financial result exceeded our expectations”, said Daniel Hasselberg, CEO of MAG Interactive. “There’s no magic trick in achieving strong growth other than constantly improving and scaling up existing games as well as releasing new titles. The continued success of our first game Ruzzle shows that with a little love and pruning, the older games can flourish for years and play a big part in your business along with new releases.”

MAG’s continued success is a direct result of analysing the successes and failures of its previous mobile launches and drawing conclusions on how to optimize and streamline the development process for future titles. For this reason they have eliminated the “normal” top-down managerial structure in order to empower teams providing an open, collaborative and constructive environment where developers can feel true ownership in projects they work on.

About MAG Interactive
MAG Interactive is a mobile gaming company built on creativity and passion. With offices located in Stockholm and Brighton, the team is working hard towards one goal: to create high quality games that make players want to come back for more. The company reached 100M downloads across its portfolio in 2016 and has just surpassed 70M downloads with its flagship franchise, Ruzzle. MAG was also included in the Inc. 5000 List of the fastest growing companies in Europe for 2017. MAG Interactive’s most successful titles include Ruzzle, Ruzzle Adventure and Wordbrain, all of which have reached #1 spots on the App Store and Google Play. For more information visit http://maginteractive.com

tgg author avatar jonas ek
Jonas “O.J” Ek
The Gaming Ground
Twitter: @TheGamingGround

Related Posts


More by Jonas Ek:

Tags: , , , , , ,

TGG on Patreon
0 Comments ON " MAG Interactive’s 2016 sales push past 28 million ... "

Advertising spot

Help us stay alive

Paypal Patreon logo

Join the TGG army today!

TGG twitch

TGG Youtube

TGG Facebook

TGG Twitter

Google ads

Advertisement

Recent posts

Pixel Mixers has released their Rayman tribute album "Harmony"

Pixel Mixers has released their Rayman tribute album "Harmony"

You know, it's funny how small the world is sometimes. Because not only have I (Robin Ek, TGG) reque[...]
Blizzard will release StarCraft Remastered this summer

Blizzard will release StarCraft Remastered this summer

If I didn't know better, then I could have sworn that today was April the first. Yes, I did for a br[...]
Roccat Kone EMP PC giveaway - One epic Gaming mouse for one lucky winner

Roccat Kone EMP PC giveaway - One epic Gaming mouse for one lucky winner

Today is a very good day if you just happen to be a PC Gamer, and why is that? Well, it's because we[...]
Adam Wolfe PC review - A decent puzzle point-and-click adventure game

Adam Wolfe PC review - A decent puzzle point-and-click adventure game

It is a cold night in San Francisco. The whole city is sleeping soundly. Well, okay, almost the whol[...]
Early gameplay footage has been revealed of Saint Kotar!

Early gameplay footage has been revealed of Saint Kotar!

Press release: March 24, 2017 - Pula, Croatia (EU) - Saint Kotar was announced last year in June as[...]
It may be the end for Infinity, but Disney's gaming legacy lives on

It may be the end for Infinity, but Disney's gaming legacy lives on

There are few brands that have been able to move with the times quite like Disney. Fresh off the bac[...]

Google ads

Our sponsors

Kinguin
Play-Asia.com - Buy Games & Codes for PS4, PS3, Xbox 360, Xbox One, Wii U and PC / Mac.
TGG v2.3 © 2014 - 2017 *The Gaming Ground* all rights reserved
twitch icon youtube icon google plus icon twitter icon facebook icon rss icon
alexa
Privacy policy
TGG ethics policies