M-League\u2019s FY24 Adjusted EBITDA of $0.2 million is a 100 percent improvement over FY23, which had a negative Adjusted EBITDA of $44.7 million. India revenues went up by more than 35% to US $88 million approx for FY 2023-24. Both Gross Gaming Revenues (GGR) and the number of cash-paying monthly active users for MPL have increased by nearly 60% during the same period.<\/p>\r\n\r\n
M-League credited its success to cost-cutting initiatives and enhanced operational efficiency at MPL. \u201cWe focused on innovation, streamlined processes to reduce costs, and accelerated time to market for new games,\u201d the company stated.<\/p>\r\n\r\n
On GameDuell, the company said, \u201cWhen M-League acquired GameDuell in 2022, it was primarily a web-based skill gaming company. Over the past two years, we have invested in transforming GameDuell into a cross-platform experience spanning web, and mobile, with a strong focus on Free-to-Play. GameDuell has seen a 50% revenue growth since its acquisition. Today, close to 70% of its revenue is generated from Free-to-Play games,\u201d the company said.<\/p>\r\n\r\n
Looking ahead, M-League plans to expand its product offerings. The company said, \u201cOur success with GameDuell has strengthened our confidence in the Free-to-Play model. We believe that Free to Play (F2P) represents the next big opportunity. The F2P market in India is on the same level that skill gaming was in 2018 when MPL started\u201d.<\/p>\r\n\r\n
On GameDuell, the company said, \u201cWhen M-League acquired GameDuell in 2022, it was primarily a web-based skill gaming company. Over the past two years, we have invested in transforming GameDuell into a cross-platform experience spanning web, and mobile, with a strong focus on Free-to-Play. GameDuell has seen a 50% revenue growth since its acquisition. Today, close to 70% of its revenue is generated from Free-to-Play games,\u201d the company said.<\/p>\r\n\r\n
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