About Modern Times Group
Modern Times Group is a company based in Stockholm (Sweden) founded in 1987.. The company has 1,100 employees as of December 31, 2024. Modern Times Group has completed 17 acquisitions, including Balkan Media Group, DRG and DreamHack. Modern Times Group offers products and services including Game Development and Venture Capital Investments.
- Headquarter Stockholm, Sweden
- Employees 1100 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Modern Times Group Mtg Ab Class A
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Annual Revenue
$544.88 M (USD)3.19as on Dec 31, 2024
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Net Profit
$-19.04 M (USD)-228.05as on Dec 31, 2024
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EBITDA
$147.78 M (USD)10.69as on Dec 31, 2024
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Latest Funding Round
$112.02 M (USD), Debt – Conventional
Jan 08, 2019
- Investors
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Employee Count
1100
as on Dec 31, 2024
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Investments & Acquisitions
Balkan Media Group
& 16 more
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IPO & Listings of Modern Times Group
Modern Times Group is a publicly listed company on the OMXSTO with ticker symbol MTG_A in Sweden, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Modern Times Group
Modern Times Group offers a comprehensive portfolio of products and services, including Game Development and Venture Capital Investments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Games are developed and published across mobile and browser platforms in genres like strategy and racing
Investments are made in emerging game developers to support industry growth and acquisitions
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Leadership Team
12 people
Software Development Team
7 people
Finance and Accounting
7 people
Legal and Compliance
4 people
Sales and Marketing
4 people
Product Management Team
3 people
Human Resources and Administration
3 people
Programme Team
2 people
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Funding Insights of Modern Times Group
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $112.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2019 | Amount | Debt – Conventional - Modern Times Group | Valuation |
investors |
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| Aug, 2018 | Amount | Debt – Conventional - Modern Times Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modern Times Group
Modern Times Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nordea. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Nordea is recognized as a leading Nordic universal bank.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modern Times Group
Modern Times Group has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include Balkan Media Group, DRG and DreamHack. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile game developer focusing on mid-core games
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2015 | ||||
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Mobile cognitive learning games are developed and distributed.
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2014 | ||||
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Hutch Games Ltd. is engaged in developing mobile racing games.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Modern Times Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Times Group Comparisons
Competitors of Modern Times Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modern Times Group
Frequently Asked Questions about Modern Times Group
When was Modern Times Group founded?
Modern Times Group was founded in 1987 and raised its 1st funding round 31 years after it was founded.
Where is Modern Times Group located?
Modern Times Group is headquartered in Stockholm, Sweden.
Who is the current CEO of Modern Times Group?
Maria Redin is the current CEO of Modern Times Group.
How many employees does Modern Times Group have?
As of Dec 31, 2024, the latest employee count at Modern Times Group is 1,100.
What is the annual revenue of Modern Times Group?
Annual revenue of Modern Times Group is $544.88M as on Dec 31, 2024.
What does Modern Times Group do?
Modern Times Group was founded in 1987 in Stockholm, Sweden, as a media conglomerate. Operations include television channels, online platforms, content production and distribution, and radio stations. Content covers TV series, films, live sports, reality TV, comedy, e-sports, social media, and entertainment. Services reach six continents with free, paid, and premium access options. The company went public in 2010, with Kinnevik holding 20 shares.
What products or services does Modern Times Group offer?
Modern Times Group offers Game Development and Venture Capital Investments.
Is Modern Times Group publicly traded?
Yes, Modern Times Group is publicly traded on OMXSTO under the ticker symbol MTG_A.
How many acquisitions has Modern Times Group made?
Modern Times Group has made 17 acquisitions, including Balkan Media Group, DRG, and DreamHack.
Who are Modern Times Group's investors?
Modern Times Group has 1 investor. Key investors include Nordea.
What is Modern Times Group's ticker symbol?
The ticker symbol of Modern Times Group is MTG_A on OMXSTO.