Modern Times Group MTG AB - Company Profile
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Modern Times Group MTG AB (MTG) is an operator of mobile platforms and operates internationally. It offers broad array of popular game franchises to players across the globe. Its portfolio encompasses a diverse selection of enduring gaming franchises like Forge of Empires, Top Drives, Bloons, and Animation Throwdown, and engaging word games such as CrossWord Jam and WordTrip. The company revenue streams comes from in-app purchases, advertising, and collaborations with third-party distribution platforms. The company works with developers, publishers, and gaming communities to create and publish browser and mobile games. The company's business operates its business in Germany, the UK, Singapore, India, the US, New Zealand. MTG is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
P.O. Box 2094, Skeppsbron 18, Stockholm, 11130
Website
www.mtg.com
Telephone
46 8 56200050
No of Employees
1,117
Industry
Media
Ticker Symbol & Exchange
MTG B (STO)
Revenue (2022)
$549.5M
5.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-97.5%
(2022 vs 2021)
Market Cap*
$1.0B
Net Profit Margin (2022)
XYZ
-97.6%
(2022 vs 2021)
* As of and is in US$
Modern Times Group MTG AB premium industry data and analytics
Products and Services
| Products |
|---|
| Games |
| Mobile Platforms |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, Ninja Kiwi announced its plans to launch the Bloons TD 6+ on Apple Vision Pro. |
| 2024 | Contracts/Agreements | In February, the company entered an agreement to enable Monumental to acquire Kongregate and secure a 30 percent stake in the newly combined company. |
| 2023 | Acquisitions/Mergers/Takeovers | In October, the company acquired a majority stake in Snowprint Studios. |
Competitor Comparison
| Key Parameters | Modern Times Group MTG AB | The Walt Disney Co | Activision Blizzard Inc | Electronic Arts Inc | British Broadcasting Corp |
|---|---|---|---|---|---|
| Headquarters | Sweden | United States of America | United States of America | United States of America | United Kingdom |
| City | Stockholm | Burbank | Santa Monica | Redwood City | London |
| State/Province | - | California | California | California | England |
| No. of Employees | 1,117 | 225,000 | 13,000 | 13,400 | 21,273 |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Maria Redin | Chief Executive Officer; President | Senior Management | 2020 | - |
| Lars Torstensson | Chief Financial Officer; Executive Vice President - Communications and Investor Relations | Senior Management | 2020 | - |
| Nils Mosko | Chief Financial Officer | Senior Management | 2023 | - |
| Lasse Pilgaard | Chief Financial Officer | Senior Management | 2022 | - |
| Siddarth Jain | Chief Executive Officer - PlaySimple | Senior Management | 2014 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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