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    Technology services

  3. •

    Packaged software
Modern Times Group MTG AB Class A

Modern Times Group MTG AB Class A

119.50
SEK
+0.90
(+0.76%)
1.45EPS
84.17P/E
14.51BMarket Cap
Nov 05Next Earn
Modern Times Group MTG AB Class A
IOB:0GXJ
(London Stock Exchange (International))

Recent

price

119.50

P/E

ratio

84.17

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SEK
175.59
179.6
177.34
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
Revenue per Share
47.21
-17.69
20.29
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
Basic EPS, GAAP
18.46
22.36
25.46
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
Free Cash Flow per Basic Share
4.87
6.64
7.98
8.85
9.3
9.73
10.18
10.61
11.04
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
88.65
55.01
65.91
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
Book Value per Share
-1.85
14.65
20.06
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
Tangible Book Value per Share
75
75
75
75
75
75
75
75
76
76
76
103
116
123
120
117
118
Basic Weighted Avg Shares
13,101
13,473
13,336
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
Sales/Revenue/Turnover
14.88
-9.21
12.71
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
Operating Margin (%)
228
3,180
225
338
348
497
207
320
228
298
283
525
671
553
575
1,392
- -
Depreciation Expense
3,522
-1,327
1,526
1,092
1,139
214
-213
1,250
1,037
14,293
-228
-400
6,579
164
-210
-62
171
Net Income, GAAP
24.6
- -
21.63
32.33
26.62
26.69
24.08
28.75
402.86
- -
218.52
- -
49.4
70.77
215.38
114.96
65.94
Effective Tax Rate (%)
26.88
-9.85
11.44
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
Profit Margin (%)
902
905
787
932
978
484
1,293
-445
-723
1,456
-2,199
-1,527
2,570
1,877
1,419
-1,729
240
Working Capital
2,683
1,524
933
1,802
1,001
1,018
1,558
595
500
103
90
983
32
138
115
3,323
4,628
LT Debt
6,239
4,350
5,134
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
Total Equity
19.65
- -
27.26
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 Invested Capital (%)
39.13
- -
25.28
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 Capital (%)
61.96
-26.24
33.63
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
Return on Common Equity (%)

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
13,135
11,028
14,509

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
- -
- -
- -
- -
- -
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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.