Conference Call Q4 2024: Modern Times Group

Updated Jun 1, 2026 by Modern Times Group

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Insights

01
Modern Times Group achieved 9% organic revenue growth in Q4 2024, contributing to a 3% total sales increase for the full fiscal year.
02
Adjusted EBITDA for Q4 2024 rose 4% year-on-year to 455 SEKm, maintaining a strong 28% margin.
03
The flagship 'Heroes' franchise served as a primary growth driver, recording a 37% year-on-year revenue increase.
04
The company maintained robust liquidity with a 71% cash conversion rate and 288 SEKm in free cash flow after earnout payments.
05
Word-game revenue experienced a 5% decline, while the broader portfolio saw sequential DAU gains driven by new puzzle titles and localized games.
06
Disciplined cost management kept the CAPEX margin stable between 25% and 26% throughout the period.
07
Strategic portfolio adjustments included the divestment of Kongregate, which caused a temporary dip in DAU during Q2 2024.

Insights

01
Modern Times Group achieved 9% organic revenue growth in Q4 2024, contributing to a 3% total sales increase for the full fiscal year.
02
Adjusted EBITDA for Q4 2024 rose 4% year-on-year to 455 SEKm, maintaining a strong 28% margin.
03
The flagship 'Heroes' franchise served as a primary growth driver, recording a 37% year-on-year revenue increase.
04
The company maintained robust liquidity with a 71% cash conversion rate and 288 SEKm in free cash flow after earnout payments.
05
Word-game revenue experienced a 5% decline, while the broader portfolio saw sequential DAU gains driven by new puzzle titles and localized games.
06
Disciplined cost management kept the CAPEX margin stable between 25% and 26% throughout the period.
07
Strategic portfolio adjustments included the divestment of Kongregate, which caused a temporary dip in DAU during Q2 2024.