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Grapevine

MPL Parent M-League's Revenue Soars 22% to $128M in FY24

  • M-League, MPL's parent company, reported a 22% increase in operating revenue to $127.9M in FY24.
  • Despite a 28% GST on online gaming, India revenue grew by 35% to $88M.
  • The company broke even with an adjusted EBITDA of $0.2M, compared to a loss of $44.7M in FY23.
  • M-League attributes its performance to cost-cutting measures, operational efficiency, and a 60% growth in gross gaming revenues.
  • The company plans to make significant strides in free-to-play gaming in India in 2024-25.

Source: Inc42

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