Modern Times Group MTG AB
MTG B
ISIN SE0018012494 / Valor 119642392
Modern Times Group MTG AB
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About company
Modern Times Group (MTG AB) is a prominent Swedish digital entertainment company specializing in the development and publishing of mobile and browser-based games. The company operates an international portfolio of gaming studios, each managing well-known intellectual properties across various casual and mid-core genres. Key subsidiaries include InnoGames, known for strategy titles like Forge of Empires and Tribal Wars; Plarium, a major player in mobile and PC gaming communities; Snowprint, renowned for Warhammer 40,000: Tacticus; Ninja Kiwi, the creator of the Bloons franchise; and PlaySimple, a leader in mobile word games. MTG AB actively drives industry consolidation through strategic acquisitions, aiming to accelerate the growth of its portfolio companies and support entrepreneurial ventures within the gaming sector. Listed on Nasdaq Stockholm under the symbols 'MTGA' and 'MTGB', MTG AB maintains a strong global presence with offices and operations spanning multiple continents.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (16.10.2025):
In Q2 2025, Modern Times Group MTG AB reported a significant financial performance with revenues doubling compared to the same period last year, driven by strong organic growth and strategic expansions. The company maintained high business momentum through successful game innovations and increased investments in user acquisition, while also reiterating its positive outlook for the full year.
Revenue Growth
Modern Times Group MTG AB achieved a reported revenue increase of 103% to SEK 2,911 million in Q2 2025, with a remarkable 117% year-over-year growth in constant currencies. This surge was primarily fueled by the consolidation of Plarium and the expansion of key word games into new geographies.
Organic Growth and User Acquisition
The company saw strong organic growth of 9% in Q2 and 8% for the first half of 2025. User acquisition spend rose by 52% year-over-year to SEK 1,054 million in Q2, representing 36% of revenues, supporting the continued expansion and success of titles like Warhammer 40,000: Tacticus and F1 Clash.
Adjusted EBITDA and Operating Margins
Adjusted EBITDA increased by 50% year-over-year to SEK 640 million in Q2 and 53% to SEK 1,256 million for the first half of the year. Operating margins stood at 22% for Q2 and 23% for H1, reflecting efficient cost management alongside increased investments in growth initiatives.
Full-Year Outlook
Modern Times Group MTG AB maintains its full-year 2025 outlook with expected organic sales growth between 3% and 7%, and a total adjusted EBITDA margin ranging from 21% to 24%. The company remains confident in achieving these targets through disciplined marketing and ongoing strategic investments.
Cash Flow and Financial Stability
The company reported a cash and cash equivalents increase of 117% in constant currencies to SEK 1,230 million by the end of Q2 2025. With a levered cash conversion of 50% for the 12-month period ended June 30, 2025, MTG AB continues to strengthen its financial position while reducing debt to enhance shareholder value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1425 M
Market cap (USD)
258,466
Daily traded volume (Shares)
95.9 / 94.3
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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