Modern Times Group MTG AB
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Modern Times Group MTG AB - overview
Established
1987
Location
Stockholm, -, Sweden
Primary Industry
Media
About
Modern Times Group MTG AB is an international gaming group that develops, publishes, and markets a diverse array of games, primarily in the casual and mid-core gaming sectors. Founded in 1987 in Stockholm, Sweden, Modern Times Group MTG AB focuses on creating and distributing digital gaming experiences. The company has evolved over the years, maintaining a strong presence in the gaming industry. Emilie Wong is the founder, while the current executive leadership includes Andrey Burenok, Johannes Leppänen, and Maria Redin.
Modern Times Group (MTG) operates as an international gaming group with a diverse portfolio of gaming studios that develop, publish, and market a wide variety of games across casual and mid-core genres. The company's key product offerings encompass popular titles such as "Forge of Empires," "F1® Clash," and "Bloons TD6," catering to gamers seeking engaging experiences in strategy, racing, and tower defense genres. MTG’s studios, including InnoGames, Hutch, Ninja Kiwi, PlaySimple, Snowprint, and Plarium, target a global audience, with significant market presence in Europe, North America, and Asia. Each studio focuses on specific genres and gameplay experiences, providing solutions to enhance user engagement and enjoyment.
In 2022, MTG reported a revenue of USD 549. 23 mn, with an EBITDA of USD 121. 91 mn. The company generates revenue through various channels, primarily focusing on digital distribution and in-game monetization strategies.
Revenue streams include direct-to-consumer sales, in-app purchases, and advertising partnerships. Flagship products leverage a free-to-play model, allowing users to engage without upfront costs while generating income through optional premium content and in-game transactions. MTG collaborates with strategic partners across the gaming ecosystem, enhancing revenue through B2B arrangements and licensing agreements for its intellectual properties. In March 2021, a consortium comprised of Atairos, Lannebo Fonder AB, Active Ownership, Evermore Ltd, Swedbank Robur, along with undisclosed investors acquired 9.
65 million shares in Modern Times Group MTG AB for SEK 1. 1 billion or at SEK 112. 9 apiece, in a PIPE transaction. The company will use the funding for acquisition of Ninja Kiwi and to enhance the company’s future financial flexibility.
Primary Industry
Media
Sub Industries
Television & Film, Radio Broadcasting & Programming
Website
www.mtg.com
Total Amount Raised
Subscriber access only
Modern Times Group MTG AB - timeline of key events
Modern Times Group MTG AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,473,000,000 | 13,336,000,000 | 14,129,000,000 | 15,746,000,000 | 16,218,000,000 | 17,299,000,000 | 17,537,000,000 | 19,742,000,000 | 4,242,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | (1.0%) | 5.9% | 11.4% | 3.0% | 6.7% | 1.4% | 12.6% | (78.5%) | - | - | - |
| EBITDA (USD) | (454,000,000) | 2,271,000,000 | 1,927,000,000 | 1,843,000,000 | 946,000,000 | 1,588,000,000 | 1,243,000,000 | 2,020,000,000 | (109,000,000) | - | - | - |
| Operating Income (USD) | (637,000,000) | 2,124,000,000 | 1,738,000,000 | 1,675,000,000 | 756,000,000 | 1,347,000,000 | 923,000,000 | 1,581,000,000 | (407,000,000) | - | - | - |
| Operating Margin | (4.7%) | 15.9% | 12.3% | 10.6% | 4.7% | 7.8% | 5.3% | 8.0% | (9.6%) | - | - | - |
| % EBITDA Margin | (3.4%) | 17.0% | 13.6% | 11.7% | 5.8% | 9.2% | 7.1% | 10.2% | (2.6%) | - | - | - |
| NET Income (USD) | (1,289,000,000) | 1,594,000,000 | 1,168,000,000 | 1,172,000,000 | 251,000,000 | (109,000,000) | 1,360,000,000 | 1,160,000,000 | (458,000,000) | - | - | - |
| % Net Margin | (9.6%) | 12.0% | 8.3% | 7.4% | 1.5% | (0.6%) | 7.8% | 5.9% | (10.8%) | - | - | - |
Modern Times Group MTG AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | ESL Gaming GmbH | - | ||||||||
| PIPE | Completed | Modern Times Group MTG AB | - | ||||||||
| Buyout | Completed | MTG's Baltic broadcasting Business | - | ||||||||
| Buyout | Completed | MTG'S International Channel Business | - | ||||||||
| Trade Sale | Completed | Nice Entertainment Oy | - |
Displaying 1 - 5 of 7
Modern Times Group MTG AB - employee data
Modern Times Group MTG AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM | ||||||
| Chairman of the Board | BM | ||||||
| Member Board Of Directors | BM | ||||||
| Board Member | BM | ||||||
| Executive Board Member | BM |
BM Board Member
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