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  • 03 May 22
Media and Games Invest - Acquisition of AxesInMotion

MGI has announced the acquisition of AxesInMotion, a Spanish free-to-play mobile games developer of racing games for €55m in cash up-front, plus up to €110m in earn-out over the three years to 2024. The up-front consideration represents an EV/EBITDA multiple of 9.1x and based on the earn-out, the final EV/EBITDA multiple will fall between 6.8 and 9.1x. Through its integrated games and adtech business, MGI has identified significant synergies from the acquisition, with the potential to triple rev

Companies: Media and Games Invest SE
  • 08 Mar 22
Media and Games Invest - Adtech player with first-party content

MGI continued to perform strongly in FY21, beating initial guidance and ending up at the top end of the revised guidance. FY21 results showed revenue growth of 80% y-o-y to €252m, with 38% organic growth. Adjusted EBITDA increased 144% y-o-y to €71m, with margins of 28%. In June 2021, the acquisition of Smaato marked the group’s shift to become media led, with MGI evolving to become a content-owning, games-focused adtech platform, with closest peers including Applovin, Azerion and IronSource. Fu

Companies: Media and Games Invest SE
  • 18 Nov 21
Media and Games Invest - Q321 results, 41% y-o-y organic growth

Media and Games Invest (MGI) showed continued strong growth in Q321, with improving margins as the business scaled. Q321 net revenues rose by 80% to €62.9m, with 41% year-on-year organic revenue growth. Benefiting from operating leverage, adjusted EBITDA tripled to €19.0m as margins rose to 30% (Q320: 18%). In Q321, MGI placed a further €80m bond and, at 30 September 2021, had net interest-bearing debt of €172.8m, with leverage of 3.0x (2.5x on a pro forma basis). Management guidance is for FY21

Companies: Media and Games Invest SE
  • 31 Aug 21
Media and Games Invest - Focus moves from games to media

Both organic and M&A-driven growth were evident in H121, as net revenues rose 93% to €109.0m, with 36% organic revenue growth year-on-year in Q221, and adjusted EBITDA increased by 127% to €28.7m. Having completed the KingsIsle transaction, in January 2021, to bolster the games division, Media and Games Invest (MGI) announced a second major deal in June 2021, the €140m acquisition of Smaato, a mobile-first adtech platform to drive the growth of MGI’s synergistic media business. This deal marks t

Companies: Media and Games Invest SE
  • 16 Jul 21
Media and Games Invest - Acquisition of Smaato and updated guidance

Following the KingsIsle transaction in January 2021, Media and Games Invest (MGI) has announced a second transformational deal – the cash acquisition of Smaato (a mobile-first adtech platform) for €140m, 10.7x FY21e EBITDA. The transaction adds scale to MGI’s existing adtech platform, Verve, and brings new capabilities, particularly in mobile web and web programmatic advertising. Smaato’s adj. EBITDA margin (FY20: 25%) will significantly strengthen Verve’s margins (FY20: 9%). Management has rais

Companies: Media and Games Invest SE
  • 28 Apr 21
Media and Games Invest - Full steam ahead, with two M&A deals in Q121

MGI’s Q121 results showed an increasing benefit from the combination of media and games despite the easing impact of lockdown (higher margins, 38% organic growth), together with a significant contribution from the acquisitions of KingsIsle and LKQD (58% M&A-driven growth), delivering revenue growth of 96% y-o-y. Net interest-bearing debt increased to €97.6m at 31 March 2021 after MGI completed a €40m bond tap issue in March, sustainable as Q121 adj. EBITDA rose 127% y-o-y to €13.5m. Net debt/adj

Companies: Media and Games Invest SE
  • 11 Mar 21
Media and Games Invest - Strong momentum carrying into FY21

Media and Games Invest (MGI) reported FY20 revenues of €140.2m and adjusted EBITDA of €29.1m, ending the year strongly to deliver 67% y o y revenue growth. In H220, MGI completed a dual listing and share placing (for €29m) on Nasdaq First North Premier and issued an €80m bond. MGI has carried its momentum into FY21, with the transformational acquisition of KingsIsle Entertainment (Wizard101, Pirate101) for US$126m in cash upfront, up to US$210m including earn-out. The acquisition was funded by t

Companies: Media and Games Invest SE
  • 19 Jan 21
Media and Games Invest - Acquisition of KingsIsle Entertainment

Media and Games Invest (MGI) has announced the acquisition of US-based KingsIsle (online PC games Pirate101, Wizard101) for a cash consideration of US$126m plus a cash earn-out of up to US$84m (up to US$210m in total). FY21 guidance for KingsIsle is for revenues of US$32m and adj. EBITDA of US$21m (68% adj. EBITDA margin). The fixed cash consideration represents an EV/adj. EBITDA multiple of 6.0x, with a range of 5.8–7.3x including the earn-out. This is a major, transformative acquisition for MG

Companies: Media and Games Invest SE
  • 01 Dec 20
Media and Games Invest - Equity+bond placings, FY20 guidance raised

Since listing on Scale in July 2020, Media and Games Invest (MGI) has completed a dual listing and share placing on Nasdaq First North and issued a €80m bond. In Q320, it reported 29% l-f-l revenue growth with revenues of €35.0m and adjusted EBITDA of €6.4m, supported by 16% organic growth year to date in the games portfolio. Adjusted EBITDA margins fell from 22% in H120 to 18% in Q320, reflecting a changed business mix (with increased digital media and ad tech revenues). Due to the strong growt

Companies: Media and Games Invest SE
  • 01 Oct 20
Media and Games Invest - Placing and dual listing in Stockholm

Media and Games Invest (MGI) has successfully completed its placing, announced on 29 September 2020, issuing 25m new shares at a price per share of SEK12.00 (€1.14/share) raising proceeds of SEK300m (c €29m). The placing price represents a c 10% discount to the two-day volume weighted average price. It increases the number of shares in issue by c 21% to 117.1m. Gross proceeds from the placing will be used to finance acquisitions of new franchises, game publishers and development studios, as well

Companies: Media and Games Invest SE
  • 20 Aug 20
Media and Games Invest - Strong H1 performance, more to come

In its maiden results following the group’s Scale listing in July, Media and Games Invest (MGI) reported a 97% like-for-like increase in Q2 revenues to €30.0m, with EBITDA up 68% to €6.3m. The group reported H120 revenues of €56.6m and EBITDA of €11.6m. With the sustained growth in EBITDA, leverage has fallen to 3.2x LTM EBITDA. Management raised its FY20 guidance, with a revenue target of €115–125m (37–49% growth y-o-y) and introduced FY20 EBITDA guidance of €20–23m (29–48% growth y-o-y). These

Companies: Media and Games Invest SE
  • 05 Aug 20
Media and Games Invest - Scorching Q220, FY20 guidance raised boldly

Media and Games Invest (MGI) is a fast-growing and profitable games and digital media business. In its maiden results following the group’s Scale listing in July, the group has reported a like-for-like increase in Q2 revenues of 97% to €30.0m, with EBITDA up 68% to €6.3m. These results were driven by sustained supernormal levels of demand for MGI’s games in Q220, supported by acquisitions. The group reported preliminary H120 revenues of €56.6m (H119: €28.6m) and EBITDA of €11.6m (H119: €7.5m). G

Companies: Media and Games Invest SE
  • 13 Jul 20
Media and Games Invest - Benefiting from lockdown, ready for lift-off

Media and Games Invest (MGI) is a games and media business, operating through two divisions, games (free-to-play MMO and casual games) and media (cost-effective user acquisition). The group supplements organic growth (Newzoo: 8.4% growth 2019–22) with a ‘buy, integrate, build and improve’ acquisition strategy. On a pro forma basis, MGI delivered an FY15–19 revenue CAGR of 40% and an adjusted EBITDA CAGR of 43%. MGI’s M&A strategy is focused on the acquisition of assets from distressed businesses

Companies: Media and Games Invest SE
  • 19 May 20
Media & Games Invest (MGI) - executive interview
media-amp-games-invest-mgi-executive-interview-19-05-2020
  • 18 May 20
Media and Games Invest - Following in Stillfront’s footsteps

Media and Games Invest (MGI) is a fast-growing games and media business, supplementing organic growth (Newzoo: 8.4% growth 2019–22) with a ‘buy, integrate, build and improve’ acquisition strategy. Gamigo, MGI’s principal gaming business, delivered an FY14–19 CAGR of 31% for revenue and 61% for EBITDA. MGI’s M&A strategy is focused on the acquisition of assets from distressed businesses at attractive valuations, with growing cash flows expected to rapidly reduce outstanding net debt (estimated at

Companies: Media and Games Invest SE

Media and Games Invest SE

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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Media and Games Invest SE. We currently have 14 research reports from 1 professional analysts.

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16May22 14:50 DGAP-News Media and Games Invest SE: Använder ytterligare en innovativ tillväxtmöjlighet genom att framgångsrikt via Conntected TV (CTV) bevisa återaktivering av spelpublik
16May22 14:50 DGAP-News DGAP-News: Media and Games Invest SE: Tapping Into an Additional Innovative Growth Opportunity by Proving Successful Reactivation of Games Audiences Through Connected TV
16May22 14:50 DGAP-News Media and Games Invest SE: Tapping Into an Additional Innovative Growth Opportunity by Proving Successful Reactivation of Games Audiences Through Connected TV
05May22 09:02 DGAP-OR Original-Research: Media and Games Invest SE (von GBC AG): BUY
05May22 09:01 EQS-OR Original-Research: Media and Games Invest SE (von GBC AG): Kaufen
04May22 10:01 DGAP-OR Original-Research: Media and Games Invest SE (von First Berlin Equity Research GmbH): Kaufen
29Apr22 17:15 DGAP-News DGAP-News: Media and Games Invest SE publishes Annual Report 2021 including Sustainability and Governance Report
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  • 20 May 22
Cenkos: Healthcare Sector - Ward Round

Weekly round-up of AIM-listed healthcare news. Venture Life Group, GENinCode, Kromek, Alliance Pharma, Polarean Imaging, Benchmark Holdings, Ondine Biomedical, Verici Dx, Faron Pharmaceuticals, Avacta Group, Abingdon Health, Open Orphan, Belluscura, Hutchmed (China), Oxford Biodynamics

Companies: ANIC RUA CREO GENI HEIQ IHC IXI IUG OPTI SBTX VAL VLG

  • 24 May 22
Hybridan Small Cap Feast 24/05/22

*A corporate client of Hybridan LLP Dish of the day Joiners: EnSilica (ENSI.L), has join AIM. EnSilica provides an end-to-end service for the design and supply of mixed signal ASICs, outsourcing certain elements such as the wafer fabrication of the manufacturing and packaging to third parties - otherwise known as a Fabless Semiconductor Model. ASICs are Integrated Circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs help

Companies: YGEN AFRN ALBA ART BLV CCS EPWN FIPP NWT KETL

  • 20 May 22
Hybridan Small Cap Feast 20/05/22

Dish of the day Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Psych Capital PLC, intends to list on the AQSE Growth Market. Psych operates the Psych Platform (a business-to-business networking platform), that is developing the Blossom Database pursuant to a third party licensing arrangement. The Company also has an investment of 426,000 common shares in Awakn, a Canadian NEO Exchange listed psychedelics research and clinical group, with operations in th

Companies: YCA 7DIG BOOM DMTR EYE KIBO NFC RST SPSY

  • 18 May 22
Morning Note – 18 May 2022


Companies: ARB D4T4 ORPH SPE

  • 25 May 22
Kromek - US federal entity order for nuclear security D3S-ID detectors

Kromek has announced that it has received an order from a US federal entity for the D3S-ID wearable nuclear radiation detector, which provides an early warning system for potential radiation threats. The order is worth $0.65m and is to be delivered in the coming months. This is the second order for the D3S-ID from this customer, following the award of a $1.6m two-year contract in September 2021, and provides further endorsement of Kromek’s capabilities within a market over which Kromek has visib

Companies: Kromek Group Plc
  • 17 May 22
FY22 AOP ahead of expectations

Having updated in April that FY22 revenues and operating profits were expected to be in line with consensus, Eckoh today updates that operating profits grew strongly in the period and will now be ahead of consensus. Revenues are expected to be in line. We suspect this means operating profits will be slightly above £5.0m compared to our forecasts of £4.9m. This de-risks our FY23 forecasts, where we are looking for AOP of £7.7m. We are forecasting FY23 AOP of £5.9m from the existing business, up f

Companies: Eckoh plc
  • 24 May 22
Spin out of OpenDialog

TPXimpact has announced that it has spun out OpenDialog alongside a £4m raise by Dowgate Capital; TPXimpact will retain a 17% holding in OpenDialog at a post-new money valuation of £12.7m.

Companies: TPXimpact Holdings PLC
  • 17 May 22
FY22 in line, further strong growth expected in FY23

Despite lingering lockdown headwinds, FYJan22 saw continued strong growth for Smartspace’s two SaaS businesses, SwipedOn (visitor, employee and desk management) and Space Connect (meeting room and desk management), driving combined ARR up 64% organic to £4.9m. SwipedOn ARR grew 57% yoy (>85% of total ARR) with Space Connect ARR up almost threefold. Encouraging trading through to end April (ARR rose to £5.5m) underpins Smartspace’s continued expectations for “further strong growth in FY23”. Key d

Companies: Smartspace Software Plc
  • 18 May 22
Hybridan Small Cap Feast 18/05/22

Dish of the day Joiners: Lekoil, the oil and gas exploration and production Company with a focus on Nigeria and West Africa has joined the Access Segment of the AQSE Growth Market. The Company was previously listed on AIM (LEK.L), however, Ordinary Shares have been suspended from trading on AIM since October 2021. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Psych Capital PLC, intends to list on the AQSE Growth Market. Psych operates the Psych Platform (a business-to-business ne

Companies: CZA AXL AEE CORA D4T4 EKF ORPH PWM PPH SYM

  • 11 May 22
1Spatial - Going to California with Caltrans on my mind

1Spatial continues its US expansion with the announcement of a contract win to support replacing the Transportation System Network (TSN) for the California Department of Transportation (Caltrans). The contract is worth c $1.4m over four years, including US$0.7m in software licence revenue, and was won in partnership with Rizing, a global SAP partner. The US market is a key growth engine for 1Spatial and the Caltrans win shows its strategic plan continues to bear fruit. This contract follows othe

Companies: 1Spatial Plc
  • 24 May 22
SHORE CAPITAL - FDM+ (FDM) - House Stock at 972p - AGM trading update


Companies: FDM Group (Holdings) plc
  • 25 May 22
LIBERUM: CEO Video - Louis Hall, Cerillion PLC*


Companies: Cerillion Plc
  • 27 Apr 22
LIBERUM: 1Spatial* - Strong FY22 Results


Companies: 1Spatial Plc
  • 19 May 22
WH Ireland: Immotion (IMMO) - 54 month 40 Seat VR Theatre contract signed with Milwaukee County Zoo

Immotion is a leading Virtual Reality (VR) experience provider. Following on from the 24 seat Pittsburgh Zoo contract in April, the group's announcement this morning that it has signed another and even larger major zoo contract provides further confirmation of the strength of demand for its new Gorilla Trek offering. Under the agreement with Milwaukee County Zoo, Immotion will install a 40 seat VR Theatre experience, which attracts around 1.3m visitors per annum. The attraction will be located a

Companies: Immotion Group Plc
  • 24 May 22
Scaling up

H1 revenues declined modestly to £0.8m due to the already flagged expiration of a legacy contract. Investment in direct sales and marketing led to an increased operating loss of £2.8m (PY £2.2m) as Actual Experience transitions from start-up to scale-up. Admin expenses are expected to fall in H2 as product investment is now largely complete and marketing expenditure is reduced. Management sees market conditions (hybrid working) as favourable and its new Digital Workplace Management System (DWMS)

Companies: Actual Experience plc