Modern Times Group (MTG) has published financial results for the first quarter of 2022. The company reported Net sales of SEK 1,357 million (€130.3m) equal to pro forma YoY growth of 10 per cent, or 77 per cent reported revenue growth. Operational highlights Q1, continuing operations Strong performance underpinned by continued healthy growth of in-game […]
Modern Times Group (MTG) has successfully closed the transaction to divest ESL Gaming to Savvy Gaming Group. ESL Gaming is therefore no longer part of MTG and will be reported as ‘Discontinued operations’ in the group’s financial results for Q1 2022 and will be deconsolidated from Q2. MTG says it will now continue its growth […]
Blu Digital Group, a media & entertainment technology company, has appointed Silviu Epure as Vice President of Content Globalisation of Blu’s current localization division. He will be tasked with leading the growing division that supplies dubbing, subtitling, and accessibility services to leading content distributors and platforms around the world. Epure joins Blu Digital with over […]
Modern Times Group published its fourth quarter 2021 interim financial results with ‘a record operational result.’ MTG’s gaming vertical delivered a strong quarter driven by stellar performance from the newly acquired companies, Ninja Kiwi and PlaySimple, with net sales amounting to SEK 1,272 million (€115m) – and a year-over-year pro forma growth of 13 per […]
Swedish eSports and gaming firm MTG has agreed to sell ESL Gaming to Saudi-backed Savvy Gaming Group at an enterprise value of $1.05 billion (€0.93bn). MTG, which owns 91.46 per cent of ESL Gaming, corresponding to $960 million, said it was expecting net proceeds of around $875 million from the deal, including transaction-related costs. It […]
Modern Times Group (MTG) has published its second quarter 2021 interim financial results report. MTG’s gaming vertical delivered a solid quarter driven by the inclusion of Ninja Kiwi and Hutch. The eSports vertical – in parallel with its accelerated investments ahead of an expected normalised 2022 – reported a return to positive revenue growth driven […]
Modern Times Group (MTG) has announced the acquisition of 100 per cent of PlaySimple, a mobile word games developer from India. PlaySimple is a rapidly growing, profitable business and one of the global leaders in the attractive mobile word games genre. The up-front consideration amounts to approximately SEK 3,090 million(€304m) on a cash and debt […]
The National Hockey League (NHL), has entered into a partnership with DreamHack Sports Games, MTG’s sports simulation business unit. The multi-year deal will see both parties build on existing projects, alongside creating new gaming initiatives. As part of the deal, DreamHack Sports Games will produce the NHL Gaming World Championship, which is set to launch […]
Modern Times Group (MTG), the digital entertainment company, has published its Q4 2020 financial results report. Net sales declined by 9 per cent to SEK 1,064 million (€105.7m) with a negative impact of foreign exchange rates of 6 per cent. Organic Net sales declined by 3 per cent. “MTG continues to show solid operational performance […]
Modern Times Group (MTG) has acquired Hutch, a developer and publisher of free-to-play mobile games focused on the racing genre in the midcore segment. MTG says the acquisition enables strong growth opportunities within a new and highly attractive game category for MTG while also further diversifying the group’s games portfolio. The up-front consideration amounts to […]