Modern Times Group, also known as MTG, is a publicly owned company headquartered in Sweden. Founded in 1987 and employing approximately 300 individuals, it primarily operates as an entertainment provider. The company functions as a Swedish-based international gaming investment and operations group. Following a strategic transformation, which involved splitting from its traditional broadcasting roots (Nordic Entertainment Group/Viaplay), MTG has refocused as a pure-play gaming entity. The group operates through a decentralized "Gaming Village" model, focusing on acquiring and scaling mobile gaming studios that possess proven global intellectual properties (IPs). MTG positions itself as a strategic accelerator for founders and entrepreneurs, offering financial backing and business intelligence to drive growth within the competitive casual and mid-core gaming markets.
Modern Times Group reclassified 3311 Class A shares into Class B shares in February 2026, following shareholder requests made in January 2026 in accordance with its articles of association. Earlier in February 2026, the company reported record revenues in Q4 2025, driven by the strong performance of its game *Raid Shadow Legends*, which contributed 70% to Clarium. CEO Maria Edin highlighted the game's growth potential and its continued momentum into 2026, noting *Raid* reached an all-time high in December 2025, supported by an IP collaboration. For Q4 2025, net sales increased 84% year-over-year to SEK 3123 million, or 108% in constant currencies, with organic sales growing 8% for the quarter and 9% for the full year 2025. User acquisition spend totaled SEK 1192 million, representing 38% of total revenues. Previously, between January 26 and January 30, 2026, Modern Times Group repurchased 130,000 Class B shares, part of a SEK 400 million repurchase program announced on October 9, 2025.
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