MGI - Media and Games Invest SE Achieves Record Revenues and 25% Organic Growth in February 2024

STOCKHOLM, SWEDEN / ACCESSWIRE / March 19, 2024 / MGI - Media and Games Invest SE ("MGI" or the "Company", ISIN: SE0018538068; ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange), is pleased to announce record-breaking revenues and exceptional organic growth for the month of February 2024. With an impressive organic growth trajectory, the company's organic growth rate has increased from 1% in Q2 2023 to 16% in Q4 2023, 18% in January 2024 and 25% in February 2024, demonstrating an impressive growth trajectory.

This significant increase in organic growth, further builds on the recently reported accelerating growth, underscoring MGI's strong market position and ongoing commitment to innovation. Key factors driving this robust growth include:

• New Customer Onboardings: MGI has successfully onboarded new customers and has a substantial pipeline of additional new customers in the coming quarters. Including several large blue-chip clients, reflecting the confidence of industry leaders in our solutions.
• Increased Budgets from Existing Customers: Following the budget cuts in 2022/2023 due to economic headwinds, MGI is seeing an increase in advertising budgets from existing customers.
• Rising Demand for ID-less Targeting Solutions: By leveraging its AI technology, MGI continues to meet the growing demand for privacy-first advertising solutions. Our pioneering efforts in ID-less targeting have positioned us as leaders in the industry, driving interest and adoption among advertisers.

Remco Westermann, CEO of MGI: "We have dedicated years to developing privacy-first AI solutions that empower advertisers to reach consumers without relying on identifiers. Our sustained growth, fueled by new customer acquisitions and expanded partnerships, underscores the effectiveness of our approach. As we look ahead, we are excited about the opportunities for further innovation and collaboration, as well as the impending release of new products across the advertising value chain."

Responsible parties

This press release contains inside information that MGI - Media and Games Invest SE is required to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out below, at the time stated by MGI's news distributor EQS Newswire upon publication of this press release.