Back to Library
Summary
Enad Global 7 (EG7) experienced a period of significant transition and consolidation during the 2024 fiscal year, characterized by strategic restructuring in response to a volatile global gaming market. Net revenue declined 16.2 percent to SEK 1,713.0 million, primarily due to the normalization of performance for *My Singing Monsters* following its 2023 viral peak. This revenue contraction, combined with a SEK 342.3 million goodwill impairment and increased depreciation expenses, resulted in a net loss of SEK 236.4 million for the year. Despite these headwinds, the group’s diversified live-service portfolio—anchored by Daybreak and Big Blue Bubble—contributed 68.9 percent of total revenue, providing a stable foundation of predictable cash flows. To improve future margins and position the group for a return to growth in 2025, management implemented aggressive cost-saving measures expected to yield SEK 191.0 million in annual savings by the second half of 2025. These initiatives included the strategic wind-down of the Toadman studio and restructuring at Piranha Games. Simultaneously, the group focused on long-term expansion through the acquisition of Singularity 6, the developer of *Palia*, and an uplisting to Nasdaq Stockholm. Financial stability was further bolstered post-period by the placement of a SEK 350 million senior unsecured bond in February 2025 to fund future development and M&A activity. The group maintains a decentralized global structure with 546 employees, emphasizing sustainability and corporate responsibility. Environmental efforts have seen 93 percent of server capacity transitioned to external data centers, with 80 percent powered by renewable energy. Governance remains robust, with a seven-member Board of Directors overseeing a framework based on the COSO model. While the core gaming activities are not yet covered by the EU Taxonomy, the group adheres to strict "zero tolerance" policies regarding discrimination and corruption, maintaining a clean record of zero workplace accidents or material data breaches throughout the reporting period.
Tags
Part of Collections
Pages
View all
Citation
Citation
Generating citation...
Similar Documents
Report
Annual Report 2015
CEO’s Review 1 Five Year Summary 3 Directors’ Report 6 The MTG Share 17 Corporate Governance Report 19 Board of Directors 25 Executive Management 27 Consolidated Financial Statements 30 Parent Company Financial Statements 36 Notes to the Accounts 41 Audit Report 85 2015 was a year of major change for MTG, as w...
Modern Times Group
Report
Annual Report 2013
Consolidated Financial Statements Parent Company Financial Statements Record sales in a year of transformation Thank you for taking the time to read this report today. I hope that we have had the opportunity to meet face to face since I took over as CEO of this amazing company in September 2012 and, if not, I hope that we will do soon. I have been with MTG for over 19 years now and it has been an incredible journey.
Modern Times Group
Financial
Q4 2025 Interim Report
The interim filing presents the fourth‑quarter 2025 financial results for a midcore‑casual gaming group, emphasizing a record‑setting revenue run and the successful execution of a transformation agenda that includes the integration of the Plarium acquisition and the rollout of a new district structure in early 2026. Revenue reached SEK 3,123 million, reflecting 108 % organic growth year‑on‑year and a 25 % increase on a constant‑currency basis, while adjusted EBITDA rose to SEK 717 million, delivering a 23 % margin that matches the full‑year figure. Unlevered free cash flow amounted to SEK 878 million, with a cash‑conversion rate of 66 % and a leverage ratio of five times EBITDA, underscoring robust liquidity and disciplined capital management. User‑acquisition spending accelerated, representing 38 % of quarterly revenue—up from 37 % in the prior quarter—and grew 76 % on a reported basis, driven by heightened investment in original studios, new casual titles, and the racing franchise. The direct‑to‑consumer channel expanded by 600 basis points to 32 % of total revenue, reflecting a strategic shift toward higher‑margin in‑app purchases. Across the fiscal year, the company posted a 9 % organic revenue increase, with word‑games, racing, and RAID franchises delivering the strongest quarter‑end performance. Operating cash flow for the quarter stood at SEK 840 million, while adjusted net income was SEK 1,390 million, translating to an adjusted EPS of SEK 11.33. The financial outcomes exceed guidance and position the firm to meet its medium‑term outlook, with a pre‑IPO study for PlaySimple concluded and the midcore transformation progressing as planned.
Modern Times GroupFeb 2026
