Mavshack (MAV) Q4 2024 earnings summary

Executive summary

• Strategic refocus on core streaming business, divesting non-core IT operations and launching new YouTube channel @CinemaOneMovies.

• MavshackLive.in platform in India continues to grow, with over 83,500 users and 35% conversion to buyers.

• Cost reductions and one-time write-downs taken in 2024 to clean up the balance sheet and prepare for future growth.

• Several capital raises and asset sales executed to reduce debt and strengthen financial position.

Financial highlights

• Full-year 2024 net revenue: 11.4 MSEK (down from 16.2 MSEK in 2023); Q4 net revenue: 1.2 MSEK (down from 3.2 MSEK in Q4 2023).

• EBITDA for 2024: -6.2 MSEK (improved from -14.1 MSEK); EBIT: -14.1 MSEK (improved from -19.3 MSEK).

• Earnings per share for 2024: -0.19 SEK (improved from -0.72 SEK); Q4 EPS: -0.058 SEK.

• Cash at year-end: 0.07 MSEK (down from 0.5 MSEK); equity: 15.8 MSEK (16.1 MSEK prior year).

• Short-term liabilities: 42.4 MSEK (41.3 MSEK prior year); increased tax liabilities as deferrals come due.

Outlook and guidance

• Focus on expanding MavshackLive.in in India, leveraging partnerships and selective acquisitions.

• Expectation of continued growth in Indian e-commerce and digital streaming markets.

• YouTube channel @CinemaOneMovies anticipated to drive new revenue streams with minimal incremental costs.