Q4 2024 Modern Times Group MTG AB Earnings Call Transcript

Feb 6, 2025 / 09:00 AM GMT

Release Date Price: €8.99 (+0.28%)

Transcript

Key Points

Positve

Modern Times Group MTG AB (LTS:0GXJ) reported a strong Q4 with sales of 1.7 billion krona, marking a 6% increase year over year in constant currencies.
The company achieved a record adjusted EBITA of 455 million krona in Q4, up 4% year over year, and operating margins of 27% for the quarter.
Free cash flow for the quarter was 288 million krona, contributing to a full-year total of 1.2 billion krona, with a cash conversion rate of 71%, exceeding the expected range.
The acquisition of Plarium is seen as a major milestone, expected to enhance MTG's position as a leading gaming group.
Strong performance in specific franchises, such as Warhammer 40K Tactics and Tribal Wars, which delivered its best year ever in 2024.

Negative

Advertising dynamics remained muted, with lower CPM levels throughout the year, impacting revenue potential.
The racing franchise experienced a decline, with revenues down 14% year over year and 17% sequentially in constant currencies.
Defense franchise revenues were down 25% year over year and 15% sequentially, with lower installs and softer event performance.
The new game 'Forza' did not meet expectations, requiring major changes to improve performance.
The marketing environment was weaker than expected in January, affecting user acquisition strategies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MTGb.ST - Modern Times Group MTG AB
Q4 2024 Modern Times Group MTG AB Earnings Call
Feb 06, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone.

And thank you for joining us today to discuss our results for Q4 and the full year 2024. My name is Anton Gorman and I'm the VP of Investor Relations at, with me and hosting this call. I have Maria Redin, our President and CEO. After the presentation, there will always be an opportunity to ask questions both over the phone and via the web chat. If you are dialing in, please follow the instructions from the operator. Otherwise, please use the online forum for your questions. And with that, I hand over to Maria. Maria, please over to you.

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Unidentified_2 [2]
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