Verve Group SE (XTER:M8G)

€ 3.405 -0.115 (-3.27%) Market Cap: 644.10 Mil Enterprise Value: 969.65 Mil PE Ratio: 34.08 PB Ratio: 1.64 GF Score: 72/100

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Earnings

Q1 2023 MGI Media & Games Invest SE Earnings Call Transcript

May 31, 2023 / 08:00AM GMT

Transcript

Operator

Welcome to the Media and Games Invest Q1 2023 Conference Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Remco Westermann, CEO. Please go ahead.

Remco Westermann

MGI - Media and Games Invest SE - CEO & Director

Thank you very much. I would like to welcome our investors, our other stakeholders and everybody who is dialing in here to our Q1 presentation. Yes, we are pleased to announce that we were able to grow at 4% despite continuing headwinds in the advertising markets and divestments of smaller nonstrategic assets and games in this (inaudible) space.

I would like to start first with quickly introducing Paul, our CFO, who most of you know; and myself, Remco, the CEO. Some of the key numbers for Q1 revenue, LTM at EUR 327 million. In the first quarter, it was EUR 69 million, which was growth versus last quarter -- the first quarter last year. First quarter last year was still a very strong quarter because it was before, let's say, the things hit the market. Ukraine war started

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