Compare

Modern Times Group MTG AB/Skr MTG B

1D1W1M3M6MYTD1Y5YMAX

About Modern Times Group MTG AB

Modern Times Group MTG AB is a Swedish digital entertainment company operating primarily in the gaming and esports industries. The company focuses on developing and publishing mobile and online games, with notable investments in gaming studios and esports organizations. Founded in 1987, MTG was initially a media company but has since transitioned to digital entertainment, capitalizing on the growing gaming market. Headquartered in Stockholm, Sweden, MTG maintains a strategic presence in various global markets to leverage diverse gaming audiences. Its competitive strengths include a robust portfolio of gaming and esports assets, enabling cross-platform synergies and audience engagement.
Ticker
Skr MTG B
Sector
Consumer Discretionary
Primary listing
XSTO
Employees
2,324
Headquarters
Stockholm, Sweden
Website
www.mtg.com

MTG B Metrics

BasicAdvanced
kr 14B
83.83
kr 1.45
0.83
-

What the Analysts think about MTG B

Analyst ratings (Buy, Hold, Sell) for Modern Times Group MTG AB stock.
Analyst projections of the future price of Modern Times Group MTG AB stock.

Bulls say / Bears say

MTG delivered 6% pro forma revenue growth in Q2 and 10% in the first half of 2026, while adjusted EBITDA rose 20% year on year in H1 to SEK 1.5 billion. Management kept its full-year outlook, pointing to continued growth and strong profitability. (MTG)
Growth is coming from both established and newer titles: RAID: Shadow Legends grew 9% in Q2, while the casual games business rose 29% in constant currencies. That mix gives MTG more than one current growth engine. (MTG)
Strong cash generation gives MTG room to fund investment and return capital: rolling 12-month unlevered cash conversion was 81%, and the company is executing a SEK 500 million buyback. It also said major acquisition-related commitments had been resolved, adding financial flexibility. (MTG, Inderes)
Revenue remains reliant on a handful of hits: RAID: Shadow Legends, Forge of Empires and Warhammer 40,000: Tacticus together represented 48% of Q2 revenue. A slowdown in a major title could therefore weigh materially on results. (earningscalls.dev)
User-acquisition spending rose 15% year on year in constant currencies and reached 39% of Q2 revenue. If that marketing fails to generate lasting player growth, it could put pressure on margins and cash returns. (MTG)
Q2 growth was uneven: Midcore revenue rose only 1%, against 29% growth in Casual, and MTG’s full-year revenue-growth outlook is 5–8%. This leaves the group exposed if rapid growth in newer casual titles fades before its larger midcore games accelerate. (MTG)
Data summarised monthly by Lightyear AI. Last updated on 9 Oct 2026.

MTG B Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

MTG B Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing MTG B

AllUSDEURGBP
Funds
Fund name
Fund size
Skr MTG B weighting
VanEck Video Gaming and eSports€ESP0
$590M1.24%
VanEck Video Gaming and eSports£ESGB
$590M1.24%
VanEck Video Gaming and eSports$ESPO
$613M1.24%
Xtrackers MSCI Europe Small Cap£XXSC
$3.6B0.07%
Xtrackers MSCI Europe Small Cap€DX2J
$3.6B0.07%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.