Modern Times Group

What Modern Times Group does

Modern Times Group MTG AB is a publicly listed international gaming holding company headquartered in Stockholm, Sweden, and traded on Nasdaq Stockholm under the tickers MTGA and MTGB. The group operates a "Gaming Village" structure that houses seven wholly-owned gaming studios organized into two segments: a Midcore District comprising InnoGames, Hutch, Ninja Kiwi, Snowprint, Plarium (acquired in 2024), and Futureplay, and a Casual District comprising PlaySimple. These studios develop, publish, market, and operate mobile games across casual, mid-core, and hybrid genres with global intellectual property franchises, distributed primarily through the Apple App Store and Google Play Marketplace to consumer audiences worldwide.

The company's core technology centers on game development and live-operations platforms embedded within each portfolio studio, rather than a single unified technology stack. MTG layers a holding-company platform on top of these studios, providing shared strategic, financial, and consolidation capabilities. The group additionally operates an MTG VC Fund that invests in gaming startups globally, serving as both a financial vehicle and an acquisition pipeline.

MTG's business model is to acquire and operate successful gaming studios, accelerating their growth while retaining their creative identities under the Gaming Village umbrella. Revenue is generated through in-game monetization (likely free-to-play mobile gaming mechanics typical of the portfolio genres, though pricing is not publicly disclosed). The company originated from a 2022 corporate split that repositioned it as a pure-play gaming group, and has executed a 2021 rights issue, the 2024 Plarium acquisition, and ongoing share buy-back programs through 2026. Its stated strategy is to be an active driver of gaming industry consolidation.

Name

Modern Times Group

Legal name

Modern Times Group MTG AB

Website

https://mtg.se

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Modern Times Group MTG AB is a Stockholm-based, Nasdaq Stockholm-listed international gaming holding company that owns and operates seven gaming studios across casual and mid-core mobile genres under its Gaming Village structure, distributing globally through app marketplaces.

Ownership category

akta.pro rank

Product category

Mobile Gaming

NAICS

Software Publishers (513210), Management of Companies and Enterprises (55111)

akta.pro primary industry

Digital Game Distribution Platforms & Storefronts (PC/Mobile/Console) (MPAFABAB)

Keywords

• Mobile gaming
• Gaming studios
• Casual games
• Mid-core games
• Gaming holding company

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain

Distribution channels1 record

Marketing channels2 records

Core offering

Modern Times Group is an international gaming group that owns and operates seven gaming studios under its "Gaming Village" platform, organized into the Midcore District (InnoGames, Hutch, Ninja Kiwi, Snowprint, Plarium, Futureplay) and the Casual District (PlaySimple). These studios develop, launch, market, and operate mobile games across casual and mid-core genres with popular global IPs distributed through app store marketplaces. MTG also operates a VC Fund that invests in gaming companies globally and pursues strategic acquisitions to accelerate portfolio company growth.

Product overview

MTG is an international gaming group operating as a platform-plus-portfolio architecture. The company's central Gaming Village platform houses seven gaming studios organized into two segments: the Midcore District (InnoGames, Hutch, Ninja Kiwi, Snowprint, Plarium, Futureplay) and the Casual District (PlaySimple). MTG functions as both an operator and strategic acquirer of gaming studios, supporting game development, launch, marketing, and operations across casual and mid-core genres. The group also maintains a VC Fund for gaming industry investments. The company's shares are listed on Nasdaq Stockholm under symbols MTGA and MTGB.

Differentiator

Problem solved

Functional benefit

Brands

• Midcore District: Gaming portfolio segment containing InnoGames, Hutch, Ninja Kiwi, Snowprint, Plarium, and Futureplay studios
• Casual District
• The Gaming Village
• VC Fund

Products and services

• The Gaming Village MTG's central platform housing seven international gaming studios that develop, launch, market, and operate a wide variety of games across the Midcore and Casual District portfolios.
• Midcore District A portfolio segment within MTG's Gaming Village comprising six mid-core gaming studios developing games across mid-core genres, including tower defense, strategy, mid-core combat, and hybrid casual/mid-core titles.
• Casual District A portfolio segment within MTG's Gaming Village comprising casual gaming studios, including PlaySimple, focused on casual and puzzle game genres.
• InnoGames A gaming studio within MTG's Midcore District that develops and operates online games with global IPs.
• Hutch A gaming studio within MTG's Midcore District developing mobile games across mid-core genres.
• Ninja Kiwi A gaming studio within MTG's Midcore District known for popular tower defense game franchises.
• Snowprint A gaming studio within MTG's Midcore District focused on strategy and turn-based gaming experiences.
• Plarium A gaming studio within MTG's Midcore District acquired by MTG in 2024, specializing in mid-core and hardcore mobile games.
• Futureplay A gaming studio within MTG's Midcore District developing hybrid casual and mid-core games.
• PlaySimple A gaming studio within MTG's Casual District specializing in casual mobile puzzle and word games.
• MTG VC Fund MTG's venture capital fund focused on investing in gaming companies and startups globally.

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/modern-times-group-mtg
• Xx.com/MTGAB

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modern Times Group