InnoGames

Modern Times Group Q3 2016 Interim Report

Modern Times Group achieved record sales of SEK 4,126 million during the third quarter of 2016, marking a 7% organic growth rate that represents the company’s strongest performance in five years.

Modern Times Group Q4 2016 Financial Results

Modern Times Group successfully executed its strategic transition from a traditional broadcaster to a digital video entertainment provider throughout 2016.

• MTG achieved 8% organic sales growth in Q4 2016, the highest rate in over five years, alongside a 28% increase in profit.
• The company is transitioning to a digital video entertainment model, evidenced by a 93% dividend payout ratio of SEK 12.00 per share and the divestment of legacy assets in the CIS, Africa, and the Czech Republic.
• Cost transformation initiatives generated SEK 450 million in savings during 2016, with a total target of SEK 600 million expected by the end of 2017.

Modern Times Group Q4 2016 Full Year Report

Modern Times Group concluded the 2016 fiscal year with record sales of SEK 17,299 million, representing a 5.4% organic growth rate compared to the previous year.

Modern Times Group Q1 2017 Interim Report

Modern Times Group achieved a strong financial performance during the first quarter of 2017, characterized by an 8% organic sales growth and a 10.5% increase in total net sales to 4,228 million SEK.

Modern Times Group Q3 2017 Interim Report

Modern Times Group achieved significant financial momentum during the third quarter of 2017, characterized by a 7% increase in organic sales and an 83% surge in operating profits to SEK 257 million.

• Modern Times Group reported a 7% increase in organic sales and an 83% surge in operating profits to SEK 257 million for Q3 2017.
• The company’s strategic pivot toward digital entertainment was driven by the consolidation of InnoGames and the acquisition of Kongregate.
• Aggressive M&A activity increased net debt to SEK 3,309 million and total liabilities to SEK 13,482 million.

Full Year Report 2017: Modern Times Group

Modern Times Group concluded 2017 with a robust financial performance, characterized by an 8% increase in full-year organic sales and a 14% rise in operating income to SEK 1,264 million.

• Modern Times Group achieved an 8% increase in organic sales and a 14% rise in operating income to SEK 1,264 million for the full year 2017.
• The MTGx digital segment reached a critical milestone by recording its first quarterly operating profit in Q4 2017.
• The company executed a major strategic pivot toward digital entertainment by acquiring InnoGames and Kongregate, while initiating the merger of its Nordic assets with TDC Group.

Interim Report: January-March 2018

Modern Times Group achieved record financial performance during the first quarter of 2018, characterized by net sales of SEK 4,674 million and a 9.2% organic growth rate.

• Modern Times Group achieved record Q1 2018 financial performance with net sales of SEK 4,674 million and 9.2% organic growth.
• Operating income rose 73% to SEK 237 million, driven by the MTGx segment achieving profitability and an 88% surge in digital sales.
• Esports revenue grew by 32%, supported by the successful integration of acquisitions InnoGames and Kongregate.

Modern Times Group Q2 2018 Interim Report

Modern Times Group achieved record financial results in the second quarter of 2018, characterized by SEK 5,010 million in net sales and a 9.3 percent organic growth rate.

Modern Times Group Q3 2018 Interim Report

Modern Times Group achieved record financial performance in the third quarter of 2018, reporting net sales of SEK 4,683 million and a 3.2 percent organic growth rate.

Modern Times Group Q1 2019 Financial Results

Modern Times Group’s first quarter of 2019 financial results demonstrate a strategic transition following the successful split and listing of the NENT Group.

• Modern Times Group reported a 3.9% increase in total sales for Q1 2019, though organic sales saw a 1.7% decline.
• The esports division achieved a 9.6% organic sales increase, supported by 230 million daily unique viewers and 1.2 million peak viewers for the Intel Extreme Masters.
• The sale of Nova in April 2019 generated SEK 1.8 billion in cash, strengthening the balance sheet for future acquisitions and venture capital investments.

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 2020 Interim Report

Modern Times Group demonstrated significant operational resilience during the third quarter of 2020, successfully navigating the disruptive effects of the global pandemic through a strategic pivot toward digital engagement and rigorous cost management.