Media Games Invest’s Q4 2021 Financials Show A 65% Revenue Increase QoQ

Media and Games Invest (MGI), Gamigo’s parent company, has just released their Q4 2021 financials which shows a net quarterly revenue of €80.2 million, a 65% revenue increase quarter over quarter and 80% revenue growth year over year.

The increased revenue was largely generated by the MGI’s media arm which accounted saw a whopping 111% increase in revenue compared to Q4 2020. The company’s gaming arm (Gamigo) also recorded a 19% revenue increase quarter over quarter.

“With our highly synergetic combination of media and games activities, we have built a very strong company that is well positioned for further fast and profitable growth. MGI’s growth is leveraged by the ‘media and games fly-wheel’, whereby the games part profits from better user acquisition for its games and better monetization of its ads and the media part benefits from access to first party data as well as unique advertising inventory in the games part.”

For 2022, MGI says that they plan to continue to grow with more focus on mobile games. The company also touts their recent acquisition of publishing rights for Trove, Fractured Online, and Wizard 101. They’ll also be taking over publishing rights for the wizard-themed kid’s MMO in Europe which will be transferred from Gameforge with no loss of account data.

You can check out Media Games Invest’s full Q4 2021 Financial Report here.