Modern Times Group, also known as MTG, is a publicly owned gaming investment and operations group headquartered in Sweden. Founded in 1987, the company employs approximately 300 individuals and reported $1.2B in revenue as of 2025. Functioning as an entertainment provider, MTG has strategically transformed from its traditional broadcasting roots to focus on gaming. The group operates through a decentralized "Gaming Village" model, specializing in acquiring and scaling mobile gaming studios with global intellectual properties. MTG positions itself as a strategic accelerator for founders and entrepreneurs, providing financial backing and business intelligence to drive growth in the competitive casual and mid-core gaming markets.
On July 21, 2026, Modern Times Group (MTG) repurchased 39,000 of its own Class B shares between July 13 and July 17, under a share repurchase program initiated by the Board of Directors. Earlier on July 21, MTG reported its Q2 2026 financial results, with net sales reaching nearly SEK3 billion, representing a 6% year-over-year increase in constant currencies, and an adjusted EBITDA above forecasts. The company reported sales of SEK 2965 million for the second quarter, up from SEK 2911 million a year ago, and achieved a 24% EBITDA margin. This growth was driven by *RAID: Shadow Legends*, casual games arm PlaySimple, and direct-to-consumer (D2C) initiatives. *RAID: Shadow Legends* generated $111 million (SEK 1076 million) in Q2 revenue, marking a 9% year-over-year rise. MTG also reported SEK474 million in unlevered free cash flow and an 81% cash conversion rate on a rolling 12-month basis, reiterating its full-year guidance.
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