Forge of Empires
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Documents about Forge of Empires
Q2 and H1 2026 Performance Report
The Q2 and H1 2026 performance report for MTG highlights a period of stable organic growth and strong operational efficiency.
- MTG reported Q2 2026 net sales of SEK 2,965 million, reflecting a 5% year-over-year organic revenue increase driven by RAID: Shadow Legends and the PlaySimple portfolio.
- The Casual segment is the primary growth engine, achieving 29% organic growth and SEK 736 million in revenue, compared to 1% organic growth and SEK 2,230 million in the Midcore segment.
- User acquisition (UA) spend reached SEK 1,163 million, representing 39% of total revenue and a 15% year-over-year increase in constant currency to support titles like Crossword Go and Tile Match.
Modern Times Group Q2 2019 Financial Results
Modern Times Group demonstrated strong operational momentum during the second quarter of 2019, characterized by an 11 percent increase in reported sales and a significant improvement in profitability.
- Modern Times Group reported an 11% increase in total sales for Q2 2019, with its core esports and gaming verticals achieving a combined 14% growth.
- The gaming division grew sales by 19% with an adjusted EBITDA margin of 29%, driven largely by mobile gaming and the title Forge of Empires, which surpassed EUR 500 million in lifetime revenue.
- The divestment of Nova in April generated SEK 1.8 billion in cash, bringing the company's total cash balance to SEK 2.1 billion to fund future strategic acquisitions.
MTG Q3 2019 Financial Results
MTG’s financial results for the third quarter of 2019 demonstrate a period of strategic growth and operational development across its two primary verticals, esports and gaming.
- MTG is conducting a strategic review of its gaming vertical to maximize shareholder value, potentially leading to a joint venture or a transition into a pure-play esports entity.
- The company is exploring a potential listing in the United States to leverage the region's esports market and is considering an operational efficiency program to streamline headquarters functions.
- Net sales for Q3 2019 grew 4% to SEK 1,066 million, with core business segments achieving 6% growth and an adjusted EBITDA of SEK 19 million.
MTG Q4 2019 Financial Results
MTG’s financial results for the fourth quarter of 2019 demonstrate a period of solid operational growth, characterized by a 15% increase in net sales to SEK 1,163 million and an adjusted EBITDA of SEK 84 million, up from SEK 43 million in the prior-year period.
- MTG reported a 15% increase in Q4 2019 net sales to SEK 1,163 million, with adjusted EBITDA rising to SEK 84 million from SEK 43 million in the prior-year period.
- The company is conducting a strategic review of its gaming vertical, including InnoGames and its VC fund, to explore options ranging from joint ventures to a full transition into a pure-play esports company.
- Esports revenue grew by 15%, driven by a 21% increase in owned and operated properties such as the ESL Pro Tour and the IEM Beijing 2019 tournament.
Modern Times Group Q3 2023 Interim Report
Modern Times Group demonstrated robust financial health during the third quarter of 2023, characterized by a 6% year-over-year increase in net sales to SEK 1,494 million.
- Modern Times Group achieved record-breaking adjusted EBITDA of SEK 449 million in Q3 2023, representing a 30% margin.
- Net sales grew 6% year-over-year to SEK 1,494 million, leading management to raise the full-year adjusted EBITDA margin guidance to 25%–27%.
- Average revenue per daily active user increased by 12% year-over-year, effectively offsetting a 2% decline in daily active users.
Modern Times Group Q4 2024 Earnings Results
Modern Times Group concluded the 2024 fiscal year with strong operational momentum, characterized by 9% organic revenue growth and an adjusted EBITDA margin of 27% in the fourth quarter.
- Modern Times Group is acquiring Plarium, a strategic move projected to double the company's total revenue and integrate advanced monetization infrastructure.
- Q4 2024 performance showed 9% organic revenue growth and an adjusted EBITDA margin of 27%, with adjusted EBITDA rising 4% year-over-year to SEK 455 million.
- The company reported a net loss of SEK 242 million for the quarter, driven by M&A-related expenses, earnout revaluations, and the deconsolidation of Kongregate.
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