MTG
MTG is a public gaming group owning and scaling free-to-play studios.
Analyst Perspective
MTG is a Sweden-headquartered, publicly listed gaming group that owns and operates a portfolio of game development and publishing studios across mobile, browser, PC and console. Its portfolio includes mid-core, strategy, racing, tower defence, RPG and casual word games, with revenue primarily generated from free-to-play titles monetised through in-app purchases and in-app advertising. The group also operates an internal shared platform, Flow Platform, to support business intelligence, user acquisition, cross-promotion and advertising monetisation across studios. The company makes money by acquiring, scaling and operating gaming studios and intellectual property with long-lived player engagement. Its direct customers are end consumers who play and pay inside the games, while app stores and distribution platforms act as key intermediaries. MTG’s value creation model combines studio ownership, live-service operations, cross-studio data and marketing infrastructure, and selective M&A to broaden genre exposure and improve monetisation efficiency across the portfolio.
Analyst Signal Briefing
Updated: 28 Jun 2026Modern Times Group (MTG) is further expanding its gaming portfolio by integrating Futureplay into its 'Midcore District' and advancing the public listing process for its Indian subsidiary, PlaySimple. Following the 2026 Annual General Meeting, the group launched a new SEK 500 million share repurchase programme to optimise its capital structure. These developments, alongside the acquisition of Plarium, underscore MTG’s focus on inorganic growth and disciplined capital allocation to enhance long-term shareholder value.
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Key insights about MTG
Category Differentiation
This is the Swedish listed gaming group, not a standalone adtech vendor or a single game studio. It should also not be confused with historical television assets formerly associated with the broader MTG name.
MTG: About
MTG functions as a gaming holding and operating company. It acquires and owns studios, funds development and publishing, and uses shared portfolio infrastructure to improve user acquisition, analytics, cross-promotion and advertising yield. Value is created through a mix of proprietary game IP, licensed IP, live-service retention, portfolio diversification and centralised operating leverage across multiple studios.
How MTG Works & Monetises
Business model analysis and core revenue streams
MTG primarily monetises through free-to-play game economics. The dominant revenue stream is in-app purchases across owned titles, supplemented by in-app advertising such as rewarded and other mobile ad formats. Additional value comes from recurring live-service spending, franchise longevity, global digital distribution via app stores and PC platforms, and portfolio-level optimisation through shared user acquisition, cross-promotion and analytics capabilities.
Revenue Channels
Products & Services in Categories
Verified structural categorizations from the graph
Media Channel
MTG: Key Competitors & Alternatives
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Public mobile games publisher monetising free-to-play live-service titles.
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Game publisher with live services, subscriptions and in-game advertising.
Recent Signals (MTG)
MTG hires Supercell marketer as midcore CMO
Swedish roll-up group MTG has appointed Iwo Zakowski — formerly Supercell's global head of marketing for live games and previously head of global brand marketing at Burger King — as CMO for its midcore division. Zakowski will oversee marketing across MTG's midcore studios, a portfolio the company says includes Plarium, InnoGames, Snowprint, Hutch, Ninja Kiwi and PlaySimple. He will lead marketing for long-running titles such as Raid: Shadow Legends, Forge of Empires and Warhammer 40,000: Tacticus, and says his early focus will be learning what works across studios before implementing change. The article was published 2026-07-02.
Read original sourceQ3 & 9 Months 2026 Financial Results report
The Q3 & 9 Months 2026 Financial Results report has been added to the financial calendar.
Read original sourceAddition of Futureplay to MTG's Portfolio
Version B includes Futureplay as a new addition to MTG's Midcore District, indicating an expansion of their gaming portfolio.
Read original sourceMTG: Frequently Asked Questions
What is MTG?
MTG is a Swedish public gaming group that owns and operates multiple game development and publishing studios, mainly focused on free-to-play titles.
Who uses MTG?
MTG’s products are used primarily by consumer gamers across mobile, browser, PC and console, while its internal Flow Platform is used by its own studio teams.
How does MTG make money?
MTG makes money mainly from in-app purchases and in-app advertising in its game portfolio, supported by live-service operations and portfolio-level growth tooling.
Company Facts
- Founded
- 1987
- Headquarters
- Box 2094, SE-103 13 Stockholm, Sweden
- Core Segment
- Publisher & Media Owner
- Company Size
- 1,001–5,000
- Official Link
- mtg.com
