Media and Games Invest SE Closes First Quarter 2022 Above the Upper End of Its Revenue and EBITDA Guidance 2022

Rhea-AI Summary

Media and Games Invest SE (MDGIF) reported preliminary financials for Q1 2022, showcasing a 27% revenue increase to EUR 65.9 million and a 30% rise in adjusted EBITDA to EUR 17.6 million, surpassing its full-year guidance. The company's growth was primarily organic, with the adjusted EBITDA margin slightly increasing to 27%. Over the last twelve months, total revenue reached EUR 266.1 million. Investments in personnel aim to bolster long-term growth in its advertising and gaming segments.

Positive

• Q1 2022 revenue increased by 27% to EUR 65.9 million compared to EUR 51.9 million in Q1 2021.
• Adjusted EBITDA rose 30% to EUR 17.6 million, up from EUR 13.5 million year-over-year.
• Growth rates exceeded the full-year guidance for 2022 of 15-23% revenue and 13-27% EBITDA.
• Last twelve months' (LTM) revenue reached EUR 266.1 million.

Negative

• None.

VALLETTA, MALTA / ACCESSWIRE / April 25, 2022 / Media and Games Invest SE ("MGI" or the "Company", ISIN: MT0000580101; Ticker: M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange and MDGIF on OTCQX), hereby announces the Company's preliminary financial figures for the first quarter 2022. The preliminary financial figures show further revenue and EBITDA growth in a seasonal soft quarter with record investments into personnel to enable further long-term organic growth.

Q1 2022: Revenue increased by 27 percent and adj. EBITDA by 30 percent; growth rates are above the upper end of the full year guidance 2022

Based on preliminary figures, revenue grew by 27 percent to EUR 65.9 million in Q1 2022 compared to the same period last year (Q1 2021: EUR 51.9 million) and adjusted EBITDAgrew by 30 percent to EUR 17.6 million (Q1 2021: EUR 13.5 million). The overall revenue and EBITDA growth in the first quarter is primarily driven by organic growth. The actual Q1 2022 growth is in the upper end of the growth rates of the guidance 2022 which guided on 15-23% revenue and 13-27% EBITDA growth for the full year 2022. For the last twelve months (LTM) ended 31 March 2022, revenue and adjusted EBITDA amount to EUR 266.1 million and EUR 75.1 million, respectively.

In the first quarter 2022 the adj. EBITDA margin increased slightly from 26% to 27% and therefore remained stable compared to the previous year which is in line with the communicated plan to hire more personnel to enable further innovations across the advertising value chain in combination with first party data from own games content. Through the investments into additional personnel the Company lays the foundation for further organic growth of the Ad-Software-Platform as well as the games potfolio in the coming years.

SELECTED KEY PERFORMANCE INDICATORS, MGI Group

In mEUR	MGI Group Q1 2022		MGI Group Q1 2021			MGI Group FY 2021		MGI Group FY 2020
Net Revenues	65.9		51.9			252.2		140.2
YoY Growth in revenues	27%		96%			80%		67%
Adj. EBITDA1	17.6		13.5			71.1		29.1
Adj. EBITDA margins2	27%		26%			28%		21%

All financials are IFRS, preliminary and not reviewed by the auditor nor audited. MGI expects to publish its unaudited Interim Report Q1 2022 on 31 May 2022.

Note (1) Adjusted EBITDA: Reported EBITDA excluding one-time costs
Note (2) Adjusted EBITDA Margins: Adjusted EBITDA as a percentage of Net Revenues

Responsible parties

This information is such information Media and Games Invest SE is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this press release has been made public through the agency of the responsible person set out below for publication at the time stated by MGI's news distributor EQS Newswire at the publication of this press release. The responsible person below may be contacted for further information.

For further information, please contact:

Remco Westermann
Chairman of the Board and CEO
+49 40 411 885206
info@mgi-se.com

Sören Barz
Leiter Investor Relations
+49 170 376 9571
soeren.barz@mgi-se.com, info@mgi-se.com
www.mgi-se.com

Jenny Rosberg, ROPA, IR contact Stockholm
Phone: +46707472741
Mail: Jenny.rosberg@ropa.se

Axel Mühlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
Phone: +49 69 9055 05 51
Mail: mgi@edicto.de

About Media and Games Invest SE
Media and Games Invest SE ('MGI') is an Advertising-Software-Platform with strong first party games content. MGI's main operational presence is in Europe and North America. The company combines organic growth with value-generating synergetic acquisitions, demonstrating continuous strong, profitable growth with a revenue CAGR of 77% (2018 - 2021). Next to strong organic growth, the MGI Group has successfully acquired more than 35 companies and assets in the past 8 years. The acquired assets and companies are integrated and amongst others cloud technology is actively used to achieve efficiency gains and competitive advantages. MGI's shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has a secured bond that is listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market. The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; info@fnca.se, +46-8-528 00 399.

SOURCE: Media and Games Invest SE

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FAQ

What were Media and Games Invest SE's financial results for Q1 2022?

In Q1 2022, Media and Games Invest SE reported a 27% increase in revenue to EUR 65.9 million and a 30% rise in adjusted EBITDA to EUR 17.6 million.

How did Q1 2022 results compare to previous quarters for MDGIF?

The Q1 2022 revenue growth of 27% and adjusted EBITDA growth of 30% were above the upper end of the company's full-year guidance.

What is the significance of the adjusted EBITDA margin increase for MDGIF in Q1 2022?

The adjusted EBITDA margin increased from 26% to 27%, indicating stable profitability while investing in personnel for future growth.

What is the total revenue for Media and Games Invest SE over the last twelve months?

The total revenue for MGI over the last twelve months ended March 31, 2022, was EUR 266.1 million.