Exceeds growth target with more growth to exceed coming.
Gamigo owner Media & Games Invest posted their financial guidance for 2021 and the outlook is apparently very good. MGI already expected to reach a medium-term grown of 25-30% revenue, and is now expecting to more than double that growth pace in 2021. According to their investor report, MGI had already achieved a 30% growth in the first half of the year. This growth is being fueled by launches and expansions from Gamigo including Trove in South Korea.
For 2021 MGI expects to exceed its medium-term growth target of 25-30% revenue growth per year – aiming now for more than the double growth pace in 2021 than initially anticipated. This is also resulting in an expected boost of EBITDA for 2021 – aiming to an even higher pace than revenue-growth.
The growth does not take into account upcoming acquisitions expected to take place in the second half of the year, nor does it include the announced acquisition of ad platform Smaato.
Source: MGI
MMO Fallout 