InnoGames

Modern Times Group Q3 2022 Interim Report

Modern Times Group underwent a significant strategic transformation during the third quarter of 2022, pivoting toward a pure-play mobile gaming model following the divestment of its esports business.

• Modern Times Group completed its transition to a pure-play mobile gaming company following the divestment of ESL Gaming, which generated SEK 8,281 million in net proceeds.
• The company holds a net cash position of SEK 4,695 million and has initiated a SEK 400 million share repurchase program alongside other capital return efforts.
• Q3 2022 financial performance included 6% pro forma growth and an adjusted EBITDA of SEK 374 million, representing a 27% margin.

MTG Q1 2023 Interim Report

Modern Times Group navigated a complex fiscal landscape during the first quarter of 2023, characterized by a 4% year-on-year decline in net sales to SEK 1,306 million.

Modern Times Group Q4 2023 Earnings Results

Modern Times Group concluded the 2023 fiscal year with strong financial momentum, characterized by a 13 percent increase in net sales to SEK 1,571 million during the fourth quarter.

• Modern Times Group achieved a 13% increase in Q4 net sales to SEK 1,571 million, with full-year adjusted EBITDA reaching SEK 1,548 million, exceeding the previous year's SEK 1,373 million.
• Q4 adjusted EBITDA hit a record SEK 439 million, representing a 28% margin driven by operational efficiencies and disciplined user acquisition.
• Average revenue per daily active user (ARPDAU) grew by 13% while the daily active user base remained stable at 6.5 million.

Modern Times Group Q1 2024 Interim Report

Modern Times Group achieved a robust financial performance in the first quarter of 2024, characterized by an 11 percent increase in total revenue to SEK 1,447 million and a significant 51 percent rise in adjusted EBITDA to SEK 396 million.

• Modern Times Group reported Q1 2024 revenue of SEK 1,447 million, an 11% increase, and a 51% rise in adjusted EBITDA to SEK 396 million.
• The adjusted EBITDA margin improved to 27%, driven by disciplined user acquisition and live-ops management within the PlaySimple and InnoGames portfolios.
• While daily active users remained flat at 6.5 million, the company successfully increased average revenue per daily active user by 9% year-over-year.

Elvenar Macht Mobil

In November 2017, the Hamburg-based game developer InnoGames expanded the reach of its fantasy city-building title, Elvenar, by launching mobile versions for iOS and Android.

• In November 2017, InnoGames expanded its 2015 browser-based title Elvenar to iOS and Android to reach a wider audience.
• The mobile version features full cross-platform functionality, allowing players to synchronize existing browser accounts with mobile devices.
• InnoGames optimized the Elvenar user interface specifically for touchscreen interaction to facilitate the transition from browser to mobile play.

Hey allihopa! THQ Nordic übernimmt Koch Media

In February 2018, the Swedish publisher THQ Nordic announced the acquisition of the German-Austrian distributor Koch Media for 121 million euros.

• In February 2018, the Swedish publisher THQ Nordic acquired the German-Austrian distributor Koch Media for 121 million euros.
• The acquisition integrated Koch Media’s diverse portfolio of games, film, and software into the THQ Nordic corporate structure while maintaining existing headquarters in Vienna and Planegg.
• Deep Silver Fishlabs, a prominent Hamburg-based studio known for the Galaxy on Fire series, became a subsidiary of THQ Nordic as part of the transaction.

Zehn Jahre Browser-Duelle: InnoGames feiert The West-Jubiläum

InnoGames marked the tenth anniversary of its browser-based title, The West, in April 2018.

• InnoGames' browser title The West reached its ten-year anniversary in April 2018, having launched on April 30, 2008, as the studio's second project.
• The game has accumulated approximately 19 million registered users over its first decade of operation.
• The West maintains profitability and a stable player base through consistent content updates, such as new quests and items, rather than aggressive marketing.

Gamescom 2018: Mobile-Neuheit und Game Jam bei Innogames

The primary purpose of this announcement is to highlight the participation of Hamburg-based developer InnoGames at Gamescom 2018.

• InnoGames, a major German developer with 400 employees and 160 million euros in annual revenue, utilized Gamescom 2018 to emphasize its strategic shift toward mobile gaming.
• The company showcased its expanding mobile portfolio by promoting the mobile version of the browser-based title Elvenar and launching the turn-based strategy game Warlords of Aternum.
• InnoGames served as the primary sponsor for the Indie Arena Booth at Gamescom 2018 to strengthen its role within the German gaming ecosystem.

Gamescom 2018: gamecity:Hamburg

The initiative gamecity:Hamburg announced its participation in Gamescom 2018, held in Cologne from August 21 to 25.

• The gamecity:Hamburg exhibition space at Gamescom 2018 expanded to 303 square meters, an increase from 266 square meters in the previous year.
• The initiative hosted a collective booth in the Kölnmesse Business Center from August 21 to 25, 2018, to represent the Hamburg-based gaming industry.
• Major industry stakeholders including InnoGames, Gamigo, Daedalic, and Valve were featured participants within the Hamburg collective space.

Three New Positions at Gamecity:Hamburg Filled

Gamecity:Hamburg has expanded its operational team by filling three new positions in project management, communications, and event management.

• Gamecity:Hamburg has expanded its operational team by hiring three new staff members in project management, communications, and event management to scale its industry support services.
• The initiative has transitioned to the ownership of Hamburg Kreativ Gesellschaft to provide new momentum for its networking and support activities.
• Dennis Schoubye, formerly a senior PR manager at InnoGames, joined the team as project manager in July 2019.

Gamecity Sommertreff: Hamburg Games Industry Event 2019

The Gamecity Sommertreff 2019 served as a key networking event for the Hamburg games industry, bringing together 200 professionals at the Ehemaliges Hauptzollamt Hafen Hamburg.

• Gamecity Hamburg hosted 200 industry professionals at the 2019 Sommertreff to facilitate networking and introduce its new management team.
• The event featured a panel discussion with leadership from Tivola Publishing and InnoGames regarding current trends and challenges facing the Hamburg games sector.
• Gamecity Hamburg announced direct financial support for indie developers by covering gamescom 2019 exhibition costs for studios including Bagpack Games and Team Toxic.

Gamecity: Hamburg Is on Target for the Gamescom 2019

Gamecity Hamburg’s participation in Gamescom 2019 serves as a strategic initiative to bolster the visibility of the Hamburg games industry on an international stage.

• Gamecity Hamburg is utilizing a joint exhibition stand in Hall 4.1 of the Gamescom 2019 Business Area to increase the international visibility of local studios and startups.
• The initiative supports a mix of established firms like InnoGames and Taylor Wessing alongside emerging indie studios including Mooneye Studios, Team Marty, Space Walk, and Wunderparc.
• Networking efforts include the inaugural trade visitor fish bun reception and the invitation-only Games Compass event hosted in collaboration with InnoGames.