Modern Times Group MTG AB

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Modern Times Group MTG AB - overview

Established

1987

Location

Stockholm, -, Sweden

Primary Industry

Media

About

Modern Times Group MTG AB is an international gaming group that develops, publishes, and markets a diverse array of games, primarily in the casual and mid-core gaming sectors. Founded in 1987 in Stockholm, Sweden, Modern Times Group MTG AB focuses on creating and distributing digital gaming experiences. The company has evolved over the years, maintaining a strong presence in the gaming industry. Emilie Wong is the founder, while the current executive leadership includes Andrey Burenok, Johannes Leppänen, and Maria Redin.


Modern Times Group (MTG) operates as an international gaming group with a diverse portfolio of gaming studios that develop, publish, and market a wide variety of games across casual and mid-core genres. The company's key product offerings encompass popular titles such as "Forge of Empires," "F1® Clash," and "Bloons TD6," catering to gamers seeking engaging experiences in strategy, racing, and tower defense genres. MTG’s studios, including InnoGames, Hutch, Ninja Kiwi, PlaySimple, Snowprint, and Plarium, target a global audience, with significant market presence in Europe, North America, and Asia. Each studio focuses on specific genres and gameplay experiences, providing solutions to enhance user engagement and enjoyment.


In 2022, MTG reported a revenue of USD 549. 23 mn, with an EBITDA of USD 121. 91 mn. The company generates revenue through various channels, primarily focusing on digital distribution and in-game monetization strategies.


Revenue streams include direct-to-consumer sales, in-app purchases, and advertising partnerships. Flagship products leverage a free-to-play model, allowing users to engage without upfront costs while generating income through optional premium content and in-game transactions. MTG collaborates with strategic partners across the gaming ecosystem, enhancing revenue through B2B arrangements and licensing agreements for its intellectual properties.


Primary Industry

Media

Sub Industries

Radio Broadcasting & Programming, Television & Film

Website

www.mtg.com

Total Amount Raised

Subscriber access only

Modern Times Group MTG AB - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
LP DirectCompletedESL Gaming GmbH-
BuyoutCompletedMTG's Baltic broadcasting Business-
BuyoutCompletedMTG'S International Channel Business-
Trade SaleCompletedVaresvuo Partners Oy-
Trade SaleCompletedNice Entertainment Oy-

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