Updated Mar 23, 2026 by Modern Times Group
Modern Times Group achieved a 79% year-over-year increase in net sales to SEK 2,557 million in Q1 2025, largely driven by the acquisition of Plarium.
The company maintained a 24% adjusted EBITDA margin for the quarter while balancing increased marketing investments to scale its gaming portfolio.
Organic sales grew by 6% in Q1 2025, reflecting stable performance across existing titles alongside the integration of Plarium, which was consolidated on February 1, 2025.
Operational cash flow reached SEK 538 million, with a free cash flow of SEK 143 million recorded after accounting for earnout payments.
The company reports a leverage ratio of 0.82x, supported by an LTM EBITDA of SEK 3,058 million.
Management projects full-year 2025 organic sales growth between 3% and 7% and an adjusted EBITDA margin of 21% to 24%.
Modern Times Group achieved a 79% year-over-year increase in net sales to SEK 2,557 million in Q1 2025, largely driven by the acquisition of Plarium.
The company maintained a 24% adjusted EBITDA margin for the quarter while balancing increased marketing investments to scale its gaming portfolio.
Organic sales grew by 6% in Q1 2025, reflecting stable performance across existing titles alongside the integration of Plarium, which was consolidated on February 1, 2025.
Operational cash flow reached SEK 538 million, with a free cash flow of SEK 143 million recorded after accounting for earnout payments.
The company reports a leverage ratio of 0.82x, supported by an LTM EBITDA of SEK 3,058 million.
Management projects full-year 2025 organic sales growth between 3% and 7% and an adjusted EBITDA margin of 21% to 24%.