Related Documents
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
Financial
Q4 2025 Financial Report: Modern Times Group
Modern Times Group delivered a record‑setting performance for the fourth quarter of 2025, underscoring the company’s momentum in the digital entertainment sector. Organic revenue expanded by 8 percent, which translates to a 108 percent increase when measured in constant‑currency terms, and net sales reached SEK 3.1 billion. These figures reflect the strength of the group’s core portfolio and its ability to generate growth despite a volatile macro‑economic environment. A pivotal element of the results was the integration of Plarium, which was completed on 12 February 2025 and consolidated from 31 January. The acquisition contributed SEK 5,384 million in sales for the quarter and produced SEK 495 million of income before tax, after accounting for SEK 786 million of purchase‑price amortisation. When the acquisition is modelled as if it had been in place from the start of the year, total sales for 2025 would have risen to SEK 12,137 million, with pre‑tax income of SEK 398 million, albeit offset by SEK 1,269 million of amortisation. The combined impact of robust organic growth and the strategic addition of Plarium positions Modern Times Group as a leading player in the global gaming market. The financial outcomes demonstrate that the company’s acquisition strategy is delivering immediate scale and profitability, while its underlying business continues to expand at a pace that exceeds prior expectations. This performance suggests a durable growth trajectory for the remainder of the fiscal year and beyond.
Modern Times GroupFeb 2026
Financial
Conference Call Q2 2025
Modern Times Group MTG AB reported significant financial expansion for the second quarter of 2025, primarily driven by the strategic consolidation of Plarium and robust organic performance. Net sales increased by 117% in constant currencies year-over-year, reaching 2,911 SEKm. While reported sales growth was slightly tempered by a 14% negative foreign exchange impact, the company achieved 9% organic growth. This organic momentum was fueled by key titles including Warhammer 40,000: Tacticus, F1 Clash, Heroes of History, and the Word Games portfolio. Profitability remained strong with an adjusted EBITDA of 640 SEKm, representing a 50% increase year-over-year. The company maintained a healthy adjusted EBITDA margin of 22%, even as it continued to invest in growth initiatives and marketing. Operational cash flow for the quarter stood at 325 SEKm, contributing to a last-twelve-months free cash flow of 1,045 SEKm. Despite a significant earnout payment of 1,074 SEKm during the period, the group maintained a stable financial leverage ratio of 1.63x net debt to adjusted EBITDA. User metrics showed positive trends, with Daily Active Users (DAU) rising to 10 million, influenced by the Plarium acquisition and the geographic expansion of Word Games. Average Revenue Per Daily Active User (ARPDAU) also saw growth, reaching 4.5 SEK. Looking ahead, the group maintained its full-year 2025 outlook, projecting organic sales growth between 3% and 7% and an adjusted EBITDA margin between 21% and 24%. The strategy remains focused on disciplined marketing investments to drive organic growth across both new and established gaming franchises.
Modern Times GroupAug 2025
Financial
20 pagesYear-End Report 2024: Stillfront Group
• Net revenue of 1,660 MSEK in Q4, down by 5 percent organically YoY Net revenue -5% YoY • Gross profit margin of 79 percent, up by 1 pp YoY, driven by mix effects and increased share of bookings from DTC channels 1,660 MSEK • Adjusted EBITDAC of 410 MSEK driven by lower fixed costs, product development costs and less UAC with a margin at 25 percent, up by 4 pp YoY Gross profit -3% YoY • Free cash flow of 1...
Stillfront Group