MTG reported Q2 2025 net sales of 2,911 SEKm, a 117% year-over-year increase driven by the consolidation of Plarium and 9% organic growth.

According to "Conference Call Q2 2025": MTG reported Q2 2025 net sales of 2,911 SEKm, a 117% year-over-year increase driven by the consolidation of Plarium and 9% organic growth.

Adjusted EBITDA rose 50% year-over-year to 640 SEKm, maintaining a stable 22% margin despite increased marketing and growth investments.

According to "Conference Call Q2 2025": Adjusted EBITDA rose 50% year-over-year to 640 SEKm, maintaining a stable 22% margin despite increased marketing and growth investments.

User engagement reached 10 million Daily Active Users (DAU), supported by the Plarium acquisition and geographic expansion of the Word Games portfolio.

According to "Conference Call Q2 2025": User engagement reached 10 million Daily Active Users (DAU), supported by the Plarium acquisition and geographic expansion of the Word Games portfolio.

Key revenue drivers included Warhammer 40,000: Tacticus, F1 Clash, Heroes of History, and the Word Games portfolio, contributing to an ARPDAU of 4.5 SEK.

According to "Conference Call Q2 2025": Key revenue drivers included Warhammer 40,000: Tacticus, F1 Clash, Heroes of History, and the Word Games portfolio, contributing to an ARPDAU of 4.5 SEK.

The company maintained a 1.63x net debt to adjusted EBITDA leverage ratio, even after a 1,074 SEKm earnout payment during the quarter.

According to "Conference Call Q2 2025": The company maintained a 1.63x net debt to adjusted EBITDA leverage ratio, even after a 1,074 SEKm earnout payment during the quarter.

MTG reaffirmed its full-year 2025 outlook, targeting 3% to 7% organic sales growth and an adjusted EBITDA margin between 21% and 24%.

According to "Conference Call Q2 2025": MTG reaffirmed its full-year 2025 outlook, targeting 3% to 7% organic sales growth and an adjusted EBITDA margin between 21% and 24%.

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Key Insights

Conference Call Q2 2025

Modern Times Group~5 min full read

01
MTG reported Q2 2025 net sales of 2,911 SEKm, a 117% year-over-year increase driven by the consolidation of Plarium and 9% organic growth.
02
Adjusted EBITDA rose 50% year-over-year to 640 SEKm, maintaining a stable 22% margin despite increased marketing and growth investments.
03
User engagement reached 10 million Daily Active Users (DAU), supported by the Plarium acquisition and geographic expansion of the Word Games portfolio.
04
Key revenue drivers included Warhammer 40,000: Tacticus, F1 Clash, Heroes of History, and the Word Games portfolio, contributing to an ARPDAU of 4.5 SEK.
05
The company maintained a 1.63x net debt to adjusted EBITDA leverage ratio, even after a 1,074 SEKm earnout payment during the quarter.
06
MTG reaffirmed its full-year 2025 outlook, targeting 3% to 7% organic sales growth and an adjusted EBITDA margin between 21% and 24%.

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