Ninja Kiwi

Modern Times Group Q2 2022 Interim Report

Modern Times Group achieved a robust financial performance during the second quarter of 2022, characterized by a 7% pro forma net sales growth and an adjusted EBITDA margin of 26%.

Modern Times Group Q3 2022 Interim Report

Modern Times Group underwent a significant strategic transformation during the third quarter of 2022, pivoting toward a pure-play mobile gaming model following the divestment of its esports business.

• Modern Times Group completed its transition to a pure-play mobile gaming company following the divestment of ESL Gaming, which generated SEK 8,281 million in net proceeds.
• The company holds a net cash position of SEK 4,695 million and has initiated a SEK 400 million share repurchase program alongside other capital return efforts.
• Q3 2022 financial performance included 6% pro forma growth and an adjusted EBITDA of SEK 374 million, representing a 27% margin.

Modern Times Group Q4 2022 Year-End Report

Modern Times Group demonstrated resilience throughout 2022, successfully navigating a challenging global gaming market characterized by a broader industry downturn.

MTG Q1 2023 Interim Report

Modern Times Group navigated a complex fiscal landscape during the first quarter of 2023, characterized by a 4% year-on-year decline in net sales to SEK 1,306 million.

Modern Times Group Q2 2023 Interim Report

Modern Times Group demonstrates financial resilience and strategic focus during the second quarter of 2023, characterized by a 9% sequential revenue growth and an adjusted EBITDA of SEK 397 million.

• Modern Times Group achieved an adjusted EBITDA of SEK 397 million in Q2 2023, representing a 27% adjusted EBITDA margin.
• Mobile gaming now accounts for 77% of total sales, driven by the PlaySimple word games franchise and the integration of Ninja Kiwi titles like Bloons TD6.
• The company reported 9% sequential revenue growth, despite a 2% year-over-year decline in constant currency revenue.

Modern Times Group Q1 2024 Interim Report

Modern Times Group achieved a robust financial performance in the first quarter of 2024, characterized by an 11 percent increase in total revenue to SEK 1,447 million and a significant 51 percent rise in adjusted EBITDA to SEK 396 million.

• Modern Times Group reported Q1 2024 revenue of SEK 1,447 million, an 11% increase, and a 51% rise in adjusted EBITDA to SEK 396 million.
• The adjusted EBITDA margin improved to 27%, driven by disciplined user acquisition and live-ops management within the PlaySimple and InnoGames portfolios.
• While daily active users remained flat at 6.5 million, the company successfully increased average revenue per daily active user by 9% year-over-year.