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Bandai Namco Group Fact Book 2022

www.bandainamco.co.jp TABLE OF CONTENTS 1 Bandai Namco Group Outline 01 Consolidated Business Performance / Entertainment Unit (Digital Business) 04 Entertainment Unit (Toys and Hobby Business) 06 IP Production Unit (Visual and Music Business / Entertainment Unit (Digital Business) Entertainment Unit (Toys and Hobby Business) 09 Plastic Model Market / Figure Market / Capsule Toy Market / Card Product Market Children’s Lifestyle (Sundries) M...

market-analysis game-publishing japan+3

Bandai Namco

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Bandai Namco Group Fact Book 2023

www.bandainamco.co.jp TABLE OF CONTENTS 01 Consolidated Business Performance / 03 Sales by IPs / Entertainment Unit (Digital Business) 04 Entertainment Unit (Toys and Hobby Business) 06 IP Production Unit / Amusement Unit Entertainment Unit (Digital Business) 07 Game App Market / Home Video Game Market Entertainment Unit (Toys and Hobby Business) 09 Plastic Model Market / Figure Market / Capsule Toy Market / 10 Candy Toy Market / Children’s Lifestyle (Sundries) Mar...

market-analysis game-publishing mobile+3

Bandai Namco

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Annual Report 2008

CEO’s Statement 1 CFO’s Statement 4 Board of Directors 7 Executive Management 10 Five Year Summary 14 Modern Responsibility 16 Corporate Governance Report 20 Directors’ Report 30 The MTG Share 51 Consolidated Financial Statments 54 Parent Company Financial Statements 59 Notes to the Accounts ...

market-analysis investment global+1

Modern Times Group

Report

Annual Report 2011

Consolidated Financial Statements parent Company Financial Statements Cover: ‘Tronlegacy’ (© Walt Disney Pictures), ‘Pirates of the Caribbean: On Stranger Tides’ (© Walt Disney Pictures), ‘Avatar’ (© 20th Century Fox) and ‘Salt’ (© Sony Pictures Entertainment) are all showing on Viasat Film and 2011 was another rollercoaster ride with the Eurozone financial crisis adding to the already uncertain global economic outlook.

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Modern Times Group

Report

Annual Report 2019: Shaping the Future of Entertainment

Corporate responsibility and sustainability priorities are covered in MTG’s Annual Corporate Responsibility Report, published 19 S EGMENTAL PERFORMANCE 31 Other Group Information 34 Financial Policies and Risk Management 36 Governance and Responsibilities 41 Internal Control Report 101 ALTERNATIVE PERFORMANCE It’s impossible to reflect on 2019 without first commenting on the split of MTG into two companies in March – Nordic Enter- tainment and new MTG.

esports mergers-acquisitions market-analysis+1

Modern Times Group

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Conference Call: Q1 2023

Modern Times Group’s first-quarter 2023 performance reflects a period of stabilization and strategic adjustment within its global gaming portfolio. The company reported revenues of SEKm 1,306, representing a 4% year-on-year decline in reported revenue and an 11% decrease in organic revenue. This contraction is primarily attributed to challenging year-over-year comparisons, specifically regarding post-pandemic demand for InnoGames and platform incentive payments received by PlaySimple in the first quarter of 2022. Despite these headwinds, the company maintained an adjusted EBITDA of SEKm 263, achieving a 20% margin that remained stable on a like-for-like basis. The portfolio demonstrates divergent performance across segments. PlaySimple and Ninja Kiwi delivered strong underlying growth, with Word Games maintaining its position as the company’s strongest franchise for the fifth consecutive quarter. Conversely, the Strategy and Simulation segment experienced a difficult start to the year, though it showed signs of gradual improvement toward the end of the quarter. User engagement metrics indicate that growth in the Word Games category successfully offset challenges in acquiring new players for the Strategy and Simulation titles during the early months of the period. Financially, the company retains a robust balance sheet, characterized by a strong cash position and significant debt capacity. This liquidity supports ongoing operational requirements and provides flexibility for future mergers, acquisitions, and shareholder value initiatives. While free cash flow was impacted by earnout payments, the underlying cash conversion rate remains healthy at 51% for the quarter. The company continues to leverage its diverse intellectual property across multiple genres to navigate shifting market conditions and stabilize performance across its international gaming operations.

market-analysis mobile casual+1

Modern Times Group

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Q3 2025 Investor Presentation

The third quarter of 2025 reflects a period of robust financial performance and strategic expansion for the organization, characterized by significant organic growth and the successful integration of recent acquisitions. The company reported net sales of SEK 2,987 million, representing a 126% increase in constant currency compared to the previous year. This growth was underpinned by a 15% organic growth rate, driven primarily by strong performance in key franchises, including PlaySimple and Warhammer 40,000: Tacticus, alongside effective live-ops execution for RAID: Shadow Legends. Profitability remained strong, with an adjusted EBITDA of SEK 675 million, resulting in a 23% margin. The company demonstrated healthy cash generation, achieving a 60% unlevered cash conversion rate during the quarter. User acquisition (UA) investment intensified significantly, with a 37% year-over-year increase in spending for original studios and a 120% increase for the total group in constant currencies, reflecting a strategic focus on scaling both midcore and casual gaming segments. The scope of these results encompasses the company’s global gaming operations, with data presented in Swedish Krona and adjusted for constant currency impacts. The financial reporting reflects the consolidation of Plarium, which has been a primary driver of revenue growth throughout the year. Based on these results, the company has raised its full-year 2025 outlook, now targeting organic growth of 7% to 9% and total reported revenue between SEK 11.4 billion and 11.7 billion. The organization remains well-positioned to maintain its current trajectory, supported by disciplined financial leverage and continued investment in high-performing game titles.

market-analysis monetization user-acquisition+3

Modern Times Group

Report

Q4 2025 Investor Presentation

The Q4 2025 investor presentation details a period of record financial performance for the company, characterized by significant revenue growth and successful strategic integration. The primary thesis centers on the company’s transformative year, highlighted by the successful consolidation of Plarium and a shift toward a midcore gaming focus. For the fourth quarter of 2025, the company achieved net sales of SEK 3,123 million, representing an 8% organic growth rate and a 108% increase in constant currency year-over-year. Adjusted EBITDA reached SEK 717 million, maintaining a 23% margin, while unlevered free cash flow totaled SEK 878 million with a 66% conversion rate. The scope of the report covers the global gaming operations of the company throughout the 2025 fiscal year, with specific emphasis on the fourth quarter. Key operational findings indicate that user acquisition (UA) spending rose to 38% of revenue in Q4, a 98% year-over-year increase in constant currency, largely driven by the integration of Plarium and the scaling of casual and racing franchises. Revenue streams showed a notable shift, with direct-to-consumer contributions rising 600 basis points to 32% of the total. Franchise performance was bolstered by strong results in the racing and word game segments, which saw year-over-year growth of 43% and 28%, respectively. Methodologically, the financial data is presented on a reported basis, with constant currency adjustments applied to isolate organic growth trends. The report incorporates full-year 2025 figures and highlights the impact of the Plarium acquisition, which was integrated into the group starting in February 2025. Looking ahead, the company concludes the period with a stable leverage ratio and a new organizational structure, positioning itself for continued midcore expansion and the potential public offering of its PlaySimple division.

market-analysis monetization user-acquisition+5

Modern Times Group

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Q1 2025 Investor Presentation

The Modern Times Group Q1 2025 investor presentation outlines a period of significant financial expansion, primarily driven by the strategic acquisition of Plarium. The company reported a 79% year-over-year increase in net sales in constant currencies, reaching SEK 2,557 million for the quarter. This growth is supported by a 6% organic sales increase, reflecting sustained performance across the company’s existing gaming portfolio. Key operational metrics highlight the impact of the Plarium integration, which contributed to a shift in revenue streams and user development. The company maintained a healthy adjusted EBITDA margin of 24% for the quarter, despite increased investment in marketing to scale new and established titles. Cash flow remains a central pillar of the company’s financial health, with SEK 538 million generated from operations in Q1 2025 and a free cash flow of SEK 143 million after accounting for earnout payments. The company’s leverage ratio stands at 0.82x, supported by an LTM EBITDA of SEK 3,058 million. The scope of the presentation covers the global gaming operations of the company, with a specific focus on the transition period following the February 1, 2025, consolidation of Plarium. The portfolio includes a diverse range of franchises, such as strategy, simulation, racing, and word games. Looking ahead, the company maintains a positive outlook for the full year 2025, projecting organic sales growth between 3% and 7% and an adjusted EBITDA margin in the range of 21% to 24%. Future performance is expected to depend on disciplined marketing investments, the successful scaling of new game titles, and continued geographical expansion efforts.

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Modern Times Group

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Conference Call: Q2 2025

Modern Times Group’s Q2 2025 performance reflects significant expansion, primarily driven by the strategic consolidation of Plarium. The company reported a 103% year-over-year increase in reported revenue, reaching 2,911 million SEK, with constant currency growth reaching 117%. This surge is complemented by 9% organic growth, fueled by strong performance across key franchises, including Word Games, Heroes of History, Warhammer 40,000: Tacticus, and F1 Clash. Profitability remains robust, with adjusted EBITDA rising 50% year-over-year to 640 million SEK, maintaining a healthy 22% margin despite ongoing investments in marketing and growth initiatives. The integration of Plarium has notably impacted user metrics, contributing to an increase in Daily Active Users (DAU) and supporting continued growth in Average Revenue Per Daily Active User (ARPDAU). The company’s financial position remains stable, supported by strong underlying cash flows and a disciplined approach to capital expenditure and leverage. The scope of these results covers the global gaming operations of Modern Times Group, with specific data points reflecting the impact of the Plarium acquisition as of February 2025. Looking ahead, the company maintains its full-year 2025 outlook, projecting organic sales growth of 3% to 7% and an adjusted EBITDA margin between 21% and 24%. Management intends to sustain this momentum by balancing disciplined marketing investments with the continued scaling of both established and new game titles.

market-analysis investment global

Modern Times Group

Report

2021 Interim Report

Incorporated in the Cayman Islands with limited liability 3 Financial Performance Highlights 3 Financial Performance Highlights 9 Management Discussion and Analysis 9 Management Discussion and Analysis 23 Report on Review of Interim Financial Information Report on Review of Interim Financial Information 24 Consolidated Income Statement 25 Consolidated Statement of Comprehensive Income 26 Consolidated Statement of Financial Position 29 Consolidated Statement o...

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Tencent

Report

2025 Interim Report

Incorporated in the Cayman Islands with limited liability smart communication inspires 2025 E Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consolidated Statement of Comprehensive Income 25 Condensed Consolidated S...

market-analysis investment china+1

Tencent

Report

2023 Annual Report: Tencent Holdings

7 MANAGEMENT DISCUSSION AND ANALYSIS 85 CORPORATE GOVERNANCE REPORT 85 CORPORATE GOVERNANCE REPORT 119 INDEPENDENT AUDITOR'S REPORT 119 INDEPENDENT AUDITOR’S REPORT 128 CONSOLIDATED INCOME STATEMENT 128 CONSOLIDATED INCOME STATEMENT 129 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 130 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 133 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED STATEMENT OF CASH FLOWS 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1...

market-analysis investment china+1

Tencent

Report

2024 Interim Report

Incorporated in the Cayman Islands with limited liability smart communication inspires 2024 P Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consoli...

market-analysis investment global+1

Tencent

Report

Gamedev Salary Pulse 2026: North America, Western Europe, Nordics, Central and Eastern Europe

The game development industry is currently navigating a period of profound structural instability, characterized by widespread workforce reductions and a pervasive sense of professional anxiety. Despite the rapid integration of artificial intelligence, the primary driver of current career displacement remains studio restructuring rather than technological replacement. While the majority of the workforce remains employed in hybrid or remote roles, a significant portion of professionals are actively reassessing their career trajectories. This climate of cautious realism is reflected in market sentiment, where nearly 40 percent of industry participants anticipate further decline, leading to increased emotional fatigue and a shift in priorities toward time-based benefits, such as the four-day workweek, over traditional office perks. Geographically, the industry maintains a clear hierarchy in compensation, with North America consistently commanding the highest salary tiers across all seniority levels. In contrast, Central and Eastern Europe continue to function as the most cost-effective hubs for talent acquisition. This regional disparity underscores a broader trend of geographic diversification, as studios balance the need for specialized expertise with the economic realities of global operations. Although the workforce remains mobile, the prevalence of remote work has effectively anchored many professionals, creating a distinct divide where on-site employees demonstrate a significantly higher propensity for international relocation compared to their remote counterparts. The current landscape is defined by a maturing workforce dominated by mid-to-senior level professionals, accompanied by a concerning decline in new entrants. This demographic shift, coupled with the ongoing volatility in employment, has necessitated more flexible recruitment strategies. Studios are increasingly moving away from traditional hiring models, favoring diverse solutions that range from subscription-based flat-fee packages to comprehensive recruitment process outsourcing. As the industry continues to evolve, these data-driven benchmarks serve as a critical framework for both studios and professionals attempting to navigate the complexities of global compensation and shifting labor market dynamics.

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8BitMar 2026

Bandai Namco Group Fact Book 2022

Bandai Namco Group Fact Book 2023

Annual Report 2008

Annual Report 2011

Annual Report 2010

Annual Report & Accounts 2014: Sweden

Annual Report 2015

Annual Report 2019: Shaping the Future of Entertainment

Annual Report 2016

Conference Call: Q1 2023

Q3 2025 Investor Presentation

Q4 2025 Investor Presentation

Q1 2025 Investor Presentation

Conference Call: Q2 2025

Q4 2025 Financial Report

2021 Interim Report

2025 Interim Report

2023 Annual Report: Tencent Holdings

2024 Interim Report

Gamedev Salary Pulse 2026: North America, Western Europe, Nordics, Central and Eastern Europe

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