MTG reports Q2 earnings with adjusted EBITDA beat By Investing.com
Modern Times Group (MTG) reported Q2 net sales of SEK 2.97 billion, up 2% YoY but slightly below the SEK 2.99 billion consensus. Adjusted EBITDA rose 10% to SEK 707 million, above the SEK 665.88 million estimate. Net income was SEK 99 million, EPS SEK 0.83. MTG launched a SEK 500 million buyback and expects 2026 pro forma revenue growth of 5% to 8%.
How this was made
The 30-second read
Why it matters
The key trading inputs are the Q2 adjusted EBITDA beat versus consensus, the launch of a SEK 500M share buyback, and 2026 pro forma revenue growth and adjusted EBITDA margin ranges.
Market read
Beat plus buyback and explicit 2026 margin guidance can shift near-term estimate expectations and valuation for MTG.
What to watch
The article highlights pro forma metrics and cash conversion staying above guidance, but it does not quantify cash conversion or provide segment-level profitability, leaving uncertainty around sustainability.
Background
MTG is a Sweden-based mobile gaming company reporting Q2 results with segment commentary on Midcore District (RAID: Shadow Legends) and Casual District (Crossword Go, Tile Match, Cryptogram).
Ticker impact
Modern Times Group reported Q2 net sales of SEK 2.97B and adjusted EBITDA of SEK 707M, beating expectations and guiding 2026 margins.
Likely near-term positive bias as the beat and buyback support earnings expectations, though stock reaction depends on how investors weigh UA spending and guidance range.
The article discloses specific Q2 results versus consensus, adds a new capital return program, and provides 2026 revenue growth and EBITDA margin ranges, which are actionable for valuation and estimates.
Market effects
Mobile gaming peers may see read-across on midcore and casual monetization durability, especially around UA efficiency and EBITDA margin targets.
Sweden-listed growth stocks could benefit from improved sentiment toward local gaming profitability and buyback activity.
Limited direct global spillover, but it reinforces the broader theme of profitability focus in mobile gaming.
Counterpoint
The revenue beat is modest and user acquisition spending rose 15% in constant currencies, which could pressure future free cash flow despite margin guidance.
Key entities
- companyModern Times Group
Reported Q2 net sales and adjusted EBITDA, segment growth drivers, launched a SEK 500M buyback, and issued 2026 pro forma guidance.
