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Modern Times Group MTG AB (publ)

Modern Times Group MTG AB (publ)

MTG-B.ST
Modern Times Group MTG AB (publ)SE flagStockholm Stock Exchange
122.60
SEK
-0.90
- -
14.69BMarket Cap
Modern Times Group MTG AB (publ)
MTG-B.ST
(Stockholm Stock Exchange)

Recent

price

122.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
174.85
178.84
176.59
186.14
208.25
214.47
198.29
231.66
50.63
55.56
52.46
37.88
47.34
47.32
49.92
98.82
103.68
Revenue per Share
47.01
-17.61
20.21
14.44
15.06
2.83
-2.82
16.51
13.67
187.2
-2.99
-3.85
56.25
1.33
-1.74
-0.53
0.09
Basic EPS, GAAP
18.38
22.26
25.36
16.11
11.86
6.57
6.21
7.74
13.73
-2.46
3.54
2.95
7.42
8.49
10.31
14.7
17.64
Free Cash Flow per Basic Share
4.84
6.61
7.94
8.81
9.26
9.69
10.14
10.57
10.99
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
57.54
34.1
47.23
56.76
62.7
54.93
64.22
70.47
73.4
45.33
30.57
19.36
47.64
42.92
39.58
41.03
- -
Book Value per Share
1.71
17.54
22.42
13.11
19.76
-28.63
-16.26
-30.54
-25.12
15.85
-37.22
-42.42
10.59
6.94
13.2
-44.64
-37.92
Tangible Book Value per Share
75
75
76
76
76
76
76
76
76
76
76
104
117
123
121
117
117
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
12,180
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
8.58
Operating Margin (%)
228
3,180
225
338
348
497
207
320
228
298
283
525
671
553
575
1,392
383
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
11
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
97.19
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
0.09
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
-460
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
3,893
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
11,376
Total Equity
15.81
- -
21.76
11.64
11.4
6.34
10.49
10.15
5.31
- -
-0.65
- -
2.08
1.83
-7.36
-1
0.18
Return on Invested Capital (%)
49.92
- -
33.4
19.7
18.88
3.19
-3.29
13.19
7.18
- -
-7.24
- -
117.41
2.96
-4.11
-1.55
0.28
Return on Capital (%)
94.97
-38.58
49.74
27.79
25.22
4.81
-4.73
24.53
19.02
316.57
-7.88
-18.44
173.59
3.02
-4.18
-1.29
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,976
418
487
LT Borrowings
3,662
3,125
3,701
LT Finance Leases
210
198
192
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
117
116
120
Market Capitalization
12,977
13,438
10,796

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,578
2,519
2,627
Cash, Cash Equivalents & STI
1,221
1,230
1,381
Accounts Receivable, Net
- -
867
- -
Inventories
- -
- -
- -
Total Current Liabilities
3,993
4,248
3,087
Payables & Accruals
- -
- -
- -
ST Debt
2,976
418
487
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.25
-0.92
1.45
-2.04
-1.74
2025
0.55
-0.52
0.33
-0.9
-0.53
2026
1.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

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-B.ST) operates as an international gaming group that owns and operates gaming studios developing and publishing popular global intellectual properties across casual and mid-core genres; its portfolio includes free-to-play mobile and PC titles generating revenue from in-app purchases and advertising, with flagship games such as RAID: Shadow Legends, Merge Gardens, Mech Arena from Plarium, alongside offerings from studios like InnoGames, Ninja Kiwi, and Kongregate. The company provides comprehensive gaming services encompassing development, live operations, user acquisition via proprietary platforms like GoGame and PlariumPlay, esports activities, and digital marketing tools; it targets global consumer audiences across mobile, PC, and digital platforms in Europe, North America, Asia, and other regions. Founded in 1987 and headquartered in Stockholm, Sweden, MTG maintains an international footprint with operations spanning Sweden, the United Kingdom, Germany, Israel, Singapore, the United States, India, and New Zealand. MTG recently completed the acquisition of Plarium Global Ltd from Aristocrat Leisure Limited in February 2025, following a signing on November 11, 2024, for an upfront payment of USD 620 million financed by cash reserves and USD 460 million in term loans and revolving facilities; this transformative transaction scaled MTG into a leading mid-core gaming operator, integrating Plarium's evergreen IPs and boosting consolidated revenues toward SEK 11.4-11.7 billion for 2025 with 7-9% organic growth guidance. In Q3 2025, the group reported exceptional 15% organic growth and 23% adjusted EBITDA margin, driven by strong live operations on RAID: Shadow Legends including a Teenage Mutant Ninja Turtles IP tie-in, alongside growth in Heroes of History; MTG announced a midcore portfolio transformation program in October 2025 to establish a Midcore District from 2026, enhancing central services and tech integration post-Plarium. The company focuses on gaming and esports segments, acting as a strategic acquirer and consolidator in the industry while supporting portfolio growth through shared commercial tech ecosystems; it employs over 1,000 staff globally and lists shares on Nasdaq Stockholm under MTGA and MTGB tickers.