# Modern Times Group > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/moderntimesgroupa). ## Overview Modern Times Group MTG AB is an international mobile gaming group based in Sweden, known for owning and operating gaming studios with popular global IPs across various casual and mid-core genres. The company focuses on accelerating the growth of its portfolio companies and supports founders and entrepreneurs in the gaming industry. MTG is actively involved in gaming industry consolidation and strategically acquires gaming companies worldwide. Its shares are listed on Nasdaq Stockholm under the symbols 'MTGA' and 'MTGB'. ## Products & services • Mobile gaming studios • Casual and mid-core genre games • Strategic acquisitions in gaming • Support for gaming entrepreneurs • Gaming industry consolidation - **Mobile Gaming Studios** (60%) — Studios developing games in casual and mid-core genres - **Strategic Acquisitions** (20%) — Acquiring gaming companies to expand portfolio - **Entrepreneur Support** (10%) — Supporting founders in the gaming industry - **Industry Consolidation** (10%) — Driving consolidation within the gaming industry - Mobile gaming studios - Casual and mid-core genre games - Strategic acquisitions in gaming - Support for gaming entrepreneurs - Gaming industry consolidation ## Customers MTG primarily serves a global audience of mobile gamers, ranging from casual to mid-core players. The company targets tech-savvy individuals who are engaged in mobile gaming and seek high-quality, engaging content. MTG's customer base includes both direct consumers of its gaming products and other gaming companies looking for strategic partnerships or acquisitions. The company's focus on popular global IPs attracts a diverse demographic, enhancing its market reach and monetization potential. - **Mobile Gamers** (primary) — Consumers of casual and mid-core games seeking engaging content - **Gaming Companies** (secondary) — Companies looking for strategic partnerships and acquisitions - **Investors** (emerging) — Investors interested in gaming industry consolidation - Global mobile gamers seeking engaging content - Casual and mid-core gaming enthusiasts - Tech-savvy individuals interested in mobile gaming - Gaming companies seeking strategic partnerships - Investors in gaming industry consolidation ## Geography MTG is headquartered in Sweden but operates with a global footprint, owning and managing gaming studios worldwide. The company has a significant presence in Europe and North America, where it focuses on expanding its market reach and acquiring new gaming companies. MTG's international culture supports its operations across diverse geographic locations, enabling it to tap into various gaming markets. The company's strategic acquisitions often target regions with high growth potential in the gaming industry. - Headquartered in Sweden with a global footprint - Significant presence in Europe and North America - Focus on expanding market reach through acquisitions - Operations supported by an international culture - Targeting regions with high growth potential in gaming ## Strategy MTG's strategic priorities include accelerating the growth of its portfolio companies and supporting gaming entrepreneurs. The company aims to become a leading consolidator in the gaming industry by acquiring strategic gaming companies globally. MTG focuses on enhancing the quality and volume of live-ops and in-game content to increase player engagement and monetization. The company also adapts to market changes, such as Google's ad bidding adjustments, to expand its user base and future monetization opportunities. - **Accelerate portfolio growth** (medium-term) — To enhance market position and revenue - **Industry consolidation** (long-term) — To become a leading player in gaming - **Enhance content quality** (short-term) — To increase player engagement and monetization - Accelerating portfolio company growth - Supporting gaming entrepreneurs - Becoming a leading consolidator in gaming - Enhancing live-ops and in-game content - Adapting to market changes for user base expansion ## Risks MTG faces significant risks related to the economic and business environments it operates in, including commercial risks from expanding into new territories. The company is exposed to foreign exchange rate movements, particularly the US dollar and euro-linked currencies. The emergence of new technologies and competitors, as well as cyber-attacks, pose additional risks. MTG's success depends on its ability to release successful game titles that attract paying customers, a factor not entirely under its control. - **Foreign exchange rate exposure** [high] — Due to operations in multiple currencies - **Cyber-attacks** [high] — Potential disruption to operations - **Competition and new technologies** [medium] — Could impact market position - Economic and business environment risks - Commercial risks from expansion into new territories - Exposure to foreign exchange rate movements - Emergence of new technologies and competitors - Cyber-attack threats - Dependence on successful game releases ## Accounting MTG's financial statements are prepared according to IAS 34 and the Swedish Annual Accounts Act, with consistent accounting policies as in previous reports. The company uses alternative performance measures like adjusted EBITDA to assess underlying profitability. MTG's revenue recognition is influenced by the timing of game releases and monetization strategies. Foreign exchange rate fluctuations can impact financial results, requiring careful management and reporting. The valuation of financial instruments at fair value also affects reported numbers. - **Revenue recognition** — medium - **Foreign exchange rate impact** — high - **Fair value measurement** — medium - Prepared according to IAS 34 and Swedish Annual Accounts Act - Consistent accounting policies with previous reports - Use of adjusted EBITDA to assess profitability - Revenue recognition influenced by game release timing - Impact of foreign exchange rate fluctuations - Valuation of financial instruments at fair value --- *Last updated: 2026-08-11T04:04:54.285683+00:00*