Modern Times Group, also known as MTG, is a publicly owned company headquartered in Sweden. Founded in 1987 and employing approximately 300 individuals, it primarily operates as an entertainment provider. The company functions as a Swedish-based international gaming investment and operations group. Following a strategic transformation, which involved splitting from its traditional broadcasting roots (Nordic Entertainment Group/Viaplay), MTG has refocused as a pure-play gaming entity. The group operates through a decentralized "Gaming Village" model, focusing on acquiring and scaling mobile gaming studios that possess proven global intellectual properties (IPs). MTG positions itself as a strategic accelerator for founders and entrepreneurs, offering financial backing and business intelligence to drive growth within the competitive casual and mid-core gaming markets.
On April 30, 2026, Modern Times Group (OM:MTG B) reported Q1 2026 sales and revenue of SEK 3159 million, with net income reaching SEK 138 million. The company announced a record quarter, achieving a 14% year-over-year proforma revenue increase and 12% organic growth. It recorded a 25% adjusted EBITDA margin in Q1, bolstered by evergreen titles and strategic initiatives that saw direct-to-consumer revenues climb significantly to 39% of total revenues. Previously, on April 29, the announcement of its Q1 2026 earnings prompted an 18.64% surge in its stock price. Modern Times Group had implemented a new organizational structure, which contributed to improved efficiency and revenue growth, particularly within its gaming districts. Earlier, MTG detailed its Q1 results, noting net sales increased 24% year-over-year to SEK 3159 million, and 37% in constant currencies, further solidifying the 14% pro forma and 12% organic sales growth.
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