Hutch

MTG Q2 2021 Interim Report

Modern Times Group achieved a 15 percent increase in net sales at constant currencies during the second quarter of 2021, signaling a period of aggressive expansion within the global gaming and esports sectors.

• Modern Times Group achieved a 15 percent increase in net sales at constant currencies in Q2 2021, reaching a total of SEK 1,198 million.
• The company’s 'Buy & Build' strategy drove gaming net sales to SEK 810 million through the acquisitions of Ninja Kiwi, PlaySimple, and Hutch, which offset a 14 percent organic decline in the gaming segment.
• Despite revenue growth, the company reported a net loss of SEK 11 million and a flat adjusted EBITDA of SEK 155 million due to acquisition costs and strategic investments.

MTG Q3 2021 Interim Report

Modern Times Group achieved substantial financial growth during the third quarter of 2021, characterized by a 58 percent year-over-year increase in net sales to SEK 1,438 million.