D2c Tracker
How much direct-to-consumer revenue are publishers actually making?
We look at the latest numbers revealed during the April to June 2026 quarter
Company Profile
Modern Times Group
Website
www.mtg.com/
About
MTG is a pure-play esport and gaming investment company. We have a portfolio of companies in two verticals, esport and gaming, comprising some of the strongest brands in the industry. MTG strives to be the partner of choice for esport and gaming entrepreneurs, bringing industrial expertise, know-how and financial flexibility. We have an active ownership approach, working in close collaboration with our portfolio companies to drive long-term profitability and sustainable growth.
Related People
Maria Redin
CEO
Daniel Frechen
Head of M&A and Strategy
Arnd Benninghoff
EVP Esports and Gaming
Accolades
Articles featuring Modern Times Group
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Podcast | Episode 101
The cloud gaming debate, Pokémon Go's revenue surge and Türkiye's $4bn industry | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and what's inside this week's episode 101...
Strategic Move
MTG unveils Playamp as new brand for midcore games division
The division generated over $950m in revenue in 2025
D2c Tracker
Revealed: Mobile publishers share their record D2C sales
Direct-to-consumer becomes a 'strategic priority' for top publishers
Going Public
Modern Times Group's PlaySimple files for $350m IPO in Mumbai
The Swedish firm will retain majority ownership post-listing
All-in
Direct-to-consumer sales hit record levels again in Q4
Mobile games publishers continue to go all-in on D2C amid regulatory and court-led upheaval
D2c Revolution
Publishers bank record direct-to-consumer revenue
The latest results of the D2C revolution are in
Revenue Rise
Modern Times Group net sales double to $315.5m in Q3 2025
The group generated 69% of revenue on mobile and 26% from DTC platforms
Strategic Move
MTG’s ownership of its own shares exceeds 5% of total voting rights
The repurchase program runs through May 2026 under authorisation from the 2025 AGM
Jobs Roundup
October 2025’s Movers and Shakers: Unity's latest leadership shift, new Kokku execs, InnoGames names CEO, and more
Our regular roundup of the mobile games industry's movers and shakers
Best Of 2025
The Top 50 Mobile Game Makers of 2025
The mobile movers and shakers of the last 12 months revealed!
District Details
Modern Times Group unveils new midcore and casual divisions amidst leadership shake-up
Recently acquired Plarium will join the new Midcore District, but CEO Schraga Mor is stepping down
Money Makers
How much direct-to-consumer revenue are mobile games publishers making?
All the major mobile games companies are talking about it. And the results are in
Financial Outlook
MTG revenue doubles to $304m in Q2 2025 following Plarium deal
Swedish group eyes further M&A and AI investments
M&a
MTG completes $620m acquisition of Raid: Shadow Legends developer Plarium
Deal could see a further $200m in earnouts
Earnings Report
MTG reports 7% YoY growth in Q4 backed by strong mobile performances and strategic acquisitions
Snowprint Studios made its first organic contribution to MTG's performance in Q4 2024, following its acquisition in October 2023
Podcast | Episode 36
Games industry M&A hits overdrive with Plarium and Easybrain deals | Week in Mobile Games podcast
The PocketGamer.biz podcast team give you the state of play every week. Here's where to get it and and what's inside this week's episode 36...
Ready To Raid
Modern Times Group acquires Raid: Shadow Legends maker Plarium for $620m
Plarium generated $613m in revenue during the 12 months ending September 30th, 2024
Jobs Roundup
October’s Mobile Movers and Shakers: New Unity CTO, Stillfront CEO and Supercell CMO exit, and more
Our regular roundup of the mobile games industry's movers and shakers
Best Of 2024
The Top 50 Mobile Game Makers of 2024
The mobile movers and shakers of the last 12 months revealed!
Hot Five
Hot Five: Supercell revenues decline, Ubisoft’s mobile games plummet, but MTG signs a Monumental acquisition
Our quick-fix roundup of the hottest stories on PocketGamer.biz
Mtg Manoeuvre
MTG pulls the trigger on a Monumental Kongregate acquisition
The two studios will join with MTG taking 30% of the new company which will be led by Monty Kerr, current Monumental CEO
Jobs In Games
Oliver Bulloss takes the helm as chief product officer at MTG
Bulloss will participate in upcoming M&A processes as well as take a proactive role in influencing MTG's strategy.
Q&a
"All the stars aligned. Now it’s full steam ahead!" MTG's CEO Maria Redin looks back at 2023
With a busy year almost in the rear view mirror, Maria Redin talks Modern Times Group's success and the challenges ahead
Acquisition Achieved
Modern Times Group takes 100% ownership of PlaySimple
Modern Times Group has seen a successful 2023 and goes from strength to strength with this latest deal
Modern Times, Mo' Money
Modern Times Group Q3 results show "even more encouraging" growth
MTG’s Q3 financials buck trends to reveal 6% year-on-year revenue growth
Interview
Snowprint Studios' Alexander Ekvall talks iconic IP and acquisition. "It’s challenging out there and making a great game isn’t always enough."
With Warhammer 40,000: Tacticus performing and acquisition by Modern Times Group complete, we ask their CEO out what's next for Snowprint?
Acquisition
Modern Times Group acquires Pocket Gamer Award winner Snowprint Studios
Snowprint Studios are behind the strategy title Warhammer 40,000: Tacticus
Strategy
InnoGames to undertake a “strategic realignment” and job cuts
The studio - home to Forge of Empires - is owned by Modern Times Group
Buying Back
Modern Times Group has repurchased 176,970 of its class B shares
The company’s repurchase programme aims to increase shareholder value and optimise capital structure
Mtg Game Makers Day
How to keep your mobile title on top and earning for 10 years plus
InnoGames' Forge of Empires is the hit mobile game that's kept on giving for over a decade. At MTG Game Makers Day their CEO explained its secrets
Mtg Game Maker's Day
In Depth With MTG's Flow Platform And Behind-The-Scenes With Its CEOs
MTG’s Game Makers Day brought out some interesting and insightful comments into how their ‘Game Village’ concept works across their studios
Mtg Game Makers Day
Hutch CEO Shaun Rutland on making games that attract players
Rutland took to the stage at Modern Times Group's game makers day
Financials
Modern Times Group report steady growth through Q3 in recently released financials
MTG (Modern Times Group) the mobile gaming company that recently stepped-back from its efforts in esports, has released its financial data.
Best Of 2022
The Top 50 Mobile Game Makers of 2022
The movers and the shakers of the last 12 months
Marketing Movement
InnoGames appoints Felix Janzen as chief marketing officer
Former CMO moves up to lead Modern Times Group’s games marketing efforts
Transaction Time
Modern Times Group selling ESL Gaming for more than $1 billion
To be acquired by Savvy Game Group
Favourable Financials
MTG's Q3 2021 sales up 61% to $170 million
Significant growth from its games portfolio and esports earnings
Still Growing
MTG appoints Daniel Frechen as new Head of M&A and Strategy
Looking to continue its build-and-grow activity
Best Of 2021
The Top 50 Mobile Game Makers of 2021
The movers, the shakers, and all those funky moneymakers
Triple Word Score
MTG acquires Indian word game studio PlaySimple for $360 million
There's also a $150 million earn-out
Done Deal
Why Ninja Kiwi co-founders Chris and Stephen Harris felt now was the right time to sell
"They understood our vision for the company"
Done Deal
Hutch CEO Shaun Rutland - "M&A fails when people focus on money - and money alone"
Hutch's acquisition by MTG dissected
Big Banana Farm
MTG acquires Ninja Kiwi, the studio behind Bloons
The acquisition comes in at approximately $142 million
Jobs In Games
How Modern Times Group acquired Hutch in the middle of a pandemic with Arnd Benninghoff
"Just before the travel restrictions kicked in we flew to London"
Fat Or Thin?
2021: Mobile gaming’s year of reckoning?
Was 2020 extraordinary or the new ordinary?
Podium Finish
Modern Times Group acquires mobile studio Hutch
"Hutch is a true front-runner, responsible for some of the most successful titles in the fast-growing mobile racing category"
Investment
Modern Times Group increases its investment in InnoGames
"We already have a successful long-term relationship with MTG"
Moving Up
Modern Times Group appoints Maria Redin as CEO
Follows Lindemann vacating the position in July
Farewell
Jørgen Madsen Lindemann steps down as Modern Times Group CEO
David Chance will stand down as chairman of the board