Updated Mar 17, 2026 by Modern Times Group
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.
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.
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%.
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.
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.
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%.