Sweden's MTG Q4 revenue jumps; plans potential IPO for PlaySimple in 2026

Modern Times MTG AB

05/02/2026 06:41

Overview

Swedish gaming group's Q4 revenue rose 108% in constant currencies, meeting analyst expectations

Adjusted EBITDA for Q4 rose 58% yr/yr but missed analyst estimates

Company concluded pre-IPO study for PlaySimple, preparing for potential 2026 listing

Outlook

MTG plans potential IPO for PlaySimple in 2026

Company expects USD 20 mln annual savings from Midcore transformation by end of 2026

MTG enters 2026 with strong momentum

Result Drivers

USER ACQUISITION - Increased UA spending by 25% yr/yr in constant currencies, driving strong performance in Word Games, Racing franchises, and RAID: Shadow Legends

TRANSFORMATION INITIATIVES - Acquisition of Plarium and new District model contributed to growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Meet
SEK 3.12 bln
SEK 3.12 bln (5 Analysts)
Q4 EPS
-SEK 0.90
Q4 Net Income
-SEK 105 mln
Q4 Adjusted EBITDA
Miss
SEK 717 mln
SEK 750.48 mln (5 Analysts)
Q4 EBIT
SEK 219 mln
Q4 EBITDA
SEK 603 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Modern Times Group MTG AB is SEK145.00, about 51.8% above its February 4 closing price of SEK95.55

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nWkr57Ly4k

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)