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: , , , , , ,

EwinRacing Calling Series Gaming Chairs

Save 3$ with our Play-Asia coupon code "thegg"

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

Advertising spot

Help us stay alive

Paypal Patreon logo

Google ads (please turn off your adblock)

Advertisement

 

Play-Asia.com - Buy Games & Codes for PS4, PS3, Xbox 360, Xbox One, Wii U and PC / Mac.

 

 

Recent posts

Causal Bit Games has released a brand-new trailer for "Battle Princess Madelyn"

Causal Bit Games has released a brand-new trailer for "Battle Princess Madelyn"

Press release: September 20th 2017, Nova Scotia, Canada - Causal Bit Games is excited to present a [...]
The PvP arena brawler "Battlerite" goes F2P on the 8th of November

The PvP arena brawler "Battlerite" goes F2P on the 8th of November

Stunlock Studios Announces Launch Date and Celebrates Over 1 Million Downloads with Free Week from S[...]
The video game charity album "Anireal" is now available in digital music stores

The video game charity album "Anireal" is now available in digital music stores

Anireal is a personal journey to recovery from child abuse as told through a videogame-inspired orig[...]
Warhammer 40K: Space Wolf leaves Steam early access on the 21st of September

Warhammer 40K: Space Wolf leaves Steam early access on the 21st of September

Press release: Your Great Company’s Strike Cruiser was ambushed by the infamous Chaos Space Marines[...]
Tali xoxo just made Metroid even sexier with her Samus Aran cosplays

Tali xoxo just made Metroid even sexier with her Samus Aran cosplays

As most of you probably already know by now (well, at least if you're a fan of the "Metroid series")[...]
Gal*Gun 2 is coming to Europe and North America in Q1 2018

Gal*Gun 2 is coming to Europe and North America in Q1 2018

Press release: PQube (London, UK) September 19, 2017 – In 2016, Gal*Gun: Double Peace changed the w[...]

Google ads

Our sponsors

Kinguin
EwinRacing Calling Series Gaming Chairs
TGG v2.4 © 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