Q4 2025 Modern Times Group MTG AB Earnings Call Transcript

Feb 5, 2026 / 09:00 AM GMT

Release Date Price: €8.92 (-2.67%)

Transcript

Key Points

Positve

Modern Times Group MTG AB (STU:MRTA) reported all-time high revenues and profits for 2025, with a record quarterly total revenue of 3.1 billion krona in Q4.
The acquisition of Play has significantly boosted the company's scale and critical mass, adding strong games like Raid Shadow Legends to its portfolio.
The company achieved 9.4% organic growth for the year, exceeding the top end of its guided range.
Record quarterly adjusted EBITA of 707 million krona in Q4, with a margin of 23%, in the upper half of the guided range.
Strong unlevered cash conversion of 66% for the full year, reflecting robust operational cash flow generation.

Negative

The weakening of the US dollar against the SEK negatively impacted revenues and profits.
Revenues from legacy games within Clarium have been declining year over year.
Despite strong performance in some areas, the company reported a net income loss of SEK62 million for the full year.
The active player base in Blooms TD6 has continued to decline, despite high player engagement.
The company faces challenges in maintaining growth momentum for older games like Forge of Empires, which is seeing declining revenues.

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 2025 Modern Times Group MTG AB Earnings Call
Feb 05, 2026 / 09:00AM GMT

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Presentation
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Alright. Good morning everyone and thank you for joining us today for our Q4 and full year 2025 results. My name is Anton Gorman and I'm the VP of Investor relations at NTG. Hosting this call today are our CEO Maria Edin, and CFO Nick Hopkins. There will be opportunities to ask questions after the presentation.

Please use the online form if you want to add questions to the live stream or follow the instructions from the operator if you're dialing in by phone. I now hand over to Maria. Maria, please go ahead.

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