Updated Mar 17, 2026 by Modern Times Group
MTG achieved a 7% increase in total net sales to SEK 17.3 billion and an operating profit of SEK 1.35 billion for the 2016 fiscal year, driven by a strategic pivot toward digital entertainment.
The MTGx digital-video unit experienced a 194% surge in net sales following the acquisitions of Turtle Entertainment, Zoomin.TV, Splay, and DreamHack, which improved the unit's operating margin from 0.2% to 4.4%.
Organic growth turned positive at 2.2% in 2016, a significant recovery from the 14.2% contraction recorded in the previous year, largely fueled by the expansion of esports leagues and events.
The company recorded a SEK 95 million goodwill impairment related to Zoomin.TV, while total intangible assets increased by SEK 111 million during the year.
The Board proposed a dividend of SEK 12.00 per share, amounting to 93% of the company's net income for the year.
MTG maintains a credit-risk exposure of SEK 3.1 billion, with all counterparties holding an S&P rating of A or higher and 85–100% of foreign-currency program cash flows hedged.
MTG achieved a 7% increase in total net sales to SEK 17.3 billion and an operating profit of SEK 1.35 billion for the 2016 fiscal year, driven by a strategic pivot toward digital entertainment.
The MTGx digital-video unit experienced a 194% surge in net sales following the acquisitions of Turtle Entertainment, Zoomin.TV, Splay, and DreamHack, which improved the unit's operating margin from 0.2% to 4.4%.
Organic growth turned positive at 2.2% in 2016, a significant recovery from the 14.2% contraction recorded in the previous year, largely fueled by the expansion of esports leagues and events.
The company recorded a SEK 95 million goodwill impairment related to Zoomin.TV, while total intangible assets increased by SEK 111 million during the year.
The Board proposed a dividend of SEK 12.00 per share, amounting to 93% of the company's net income for the year.
MTG maintains a credit-risk exposure of SEK 3.1 billion, with all counterparties holding an S&P rating of A or higher and 85–100% of foreign-currency program cash flows hedged.