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    Technology services

  3. •

    Packaged software
Modern Times Group MTG AB Class A

Modern Times Group MTG AB Class A

10.75
EUR
+0.06
(+0.56%)
0.13EPS
84.47P/E
1.31BMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
186.93
209.13
215.38
199.13
232.64
50.84
55.79
52.68
38.04
47.55
47.52
50.13
99.24
104.04
Basic EPS, GAAP
14.51
15.13
2.84
-2.83
16.58
13.73
188
-3.01
-3.87
56.49
1.34
-1.75
-0.53
1.45
Free Cash Flow per Basic Share
16.18
11.91
6.6
6.24
7.77
13.79
-2.47
3.56
2.96
7.45
8.53
10.35
14.77
18.86
Dividend per Share
8.85
9.3
9.73
10.18
10.61
11.04
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
69.06
76.33
60.7
64.04
68.91
75.27
68.29
50.65
72.8
113.09
113.18
116.6
92.07
95.55
Tangible Book Value per Share
11.19
18.55
-31.67
-19.14
-49.29
-42.77
-2.53
-55.53
-57.53
10.06
7.06
13.51
-45.36
-37.62
Basic Weighted Avg Shares
75
75
75
75
75
76
76
76
103
116
123
120
117
118
Sales/Revenue/Turnover
14,073
15,746
16,218
14,999
17,537
3,841
4,242
3,997
3,931
5,537
5,829
6,015
11,579
12,234
Operating Margin (%)
8.25
7.02
3.82
7.14
7.3
-4.74
-5.75
0.95
12.9
9.63
14.99
14.81
8.2
9.32
Depreciation Expense
338
348
497
207
320
228
298
283
525
671
553
575
1,392
- -
Net Income, GAAP
1,092
1,139
214
-213
1,250
1,037
14,293
-228
-400
6,579
164
-210
-62
171
Effective Tax Rate (%)
32.33
26.62
26.69
24.08
28.75
402.86
- -
218.52
- -
49.4
70.77
215.38
114.96
65.94
Profit Margin (%)
7.76
7.23
1.32
-1.42
7.13
27
336.94
-5.7
-10.18
118.82
2.81
-3.49
-0.54
1.4
Working Capital
932
978
484
1,293
-445
-723
1,456
-2,199
-1,527
2,570
1,877
1,419
-1,729
240
LT Debt
1,802
1,001
1,018
1,558
595
500
103
90
983
32
138
115
3,323
4,628
Total Equity
5,295
5,831
4,768
5,016
6,572
6,998
6,581
5,216
9,923
13,934
13,714
13,736
10,617
11,327
Return on Invested Capital (%)
17.42
11.7
7.74
10.39
7.32
1.2
- -
-0.6
- -
2.17
1.85
-7.45
-1.01
2.29
Return on Capital (%)
16.42
16.41
2.88
-3.21
13.34
7.19
- -
-5.55
- -
52.45
1.18
-1.54
-0.74
1.26
Return on Common Equity (%)
21.66
20.97
4.16
-4.55
25.03
19.1
263.3
-5.06
-6.76
59.98
1.19
-1.53
-0.51
1.49

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
418
487
99
LT Borrowings
3,125
3,701
4,521
LT Finance Leases
198
192
107
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
115
120
119
Market Capitalization
13,116
11,042
14,561

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,519
2,627
2,486
Cash, Cash Equivalents & STI
1,230
1,381
1,322
Accounts Receivable, Net
867
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
4,248
3,087
2,246
Payables & Accruals
- -
- -
- -
ST Debt
418
487
99
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.25%
21.31%
-22.71%
Free Cash Flow
1.04%
54.99%
38.73%
Net Income, GAAP
-179.21%
-413.07%
-70.48%
Sales/Revenue/Turnover
7.61%
28.03%
92.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,447
1,437
1,438
1,693
6,015
2025
2,557
2,911
2,987
3,123
11,579
2026
3,159
2,965
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.26
-0.92
1.46
-2.04
-1.75
2025
0.55
-0.52
0.33
-0.91
-0.53
2026
1.16
0.83
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Anna Maria Redin
Full Time Employees
2,374
Sector
Technology services
Industry
Packaged software
Address
Skeppsbron 18 Stockholm AB Sweden 11130
IPO Date
May 1, 1999
Website
mtg.com
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Business
Modern Times Group MTG AB (publ) (MTG-A.ST) is a Sweden-based international gaming group that owns and operates gaming studios developing, publishing and monetizing popular global intellectual properties across casual and mid-core genres including tower defense, word games, strategy RPGs, racing and action titles; core studios and brands encompass PlaySimple, InnoGames, Ninja Kiwi, Hutch, Snowprint, Kongregate and Plarium with flagship games such as Forge of Empires, Elvenar, Bloons, Race Master 3D, RAID: Shadow Legends and Mech Arena; the group generates revenues primarily from in-app purchases, in-app advertising and third-party distribution while providing supporting commercial technology, tools and user acquisition services to accelerate portfolio growth. Founded in 1987 and headquartered in Stockholm at Skeppsbron 18, MTG maintains a global footprint with operations spanning Europe, the United States, Singapore, India and New Zealand, targeting free-to-play mobile and online gamers worldwide through a network of over 1,000 employees. In February 2025, MTG completed its transformative acquisition of Plarium Global Ltd from Aristocrat Leisure for an upfront payment of USD 620 million financed by cash and USD 460 million in loans, scaling the group into a leading mid-core gaming operator with enhanced evergreen IP portfolio and initiating a midcore transformation program from 2026 to centralize services, technology and live operations across studios; the deal follows prior investments including full ownership of PlaySimple in 2021 and divestitures such as ESL to Savvy Gaming Group in 2022, positioning MTG for 7-9% organic revenue growth and 21-24% adjusted EBITDA margins in 2025.