Modern Times Group MTG AB (publ) (MTG_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today for our results for Q3 and the first nine months of 2025. My name is Anton Gorman, and I'm the VP of Communications and Investor Relations at MTG. With me in hosting this call are our CEO, Maria Redin, and CFO, Nick Hopkins. There will be an opportunity to ask questions after the presentations. If you are dialing in, please follow the instructions from the operator when the time is right. Otherwise, please use the online form of your questions and I will read them up as always. Thank you. I now hand over to Maria. Maria, please go ahead. Thank you, Anton, and hello, everyone. I'm incredibly pleased to deliver an exceptionally strong Q3, driven by a higher-than-usual pace of in-game content, live ops, and successful IP integration into our games, as well as the continuous strong performance of some of our new and scaling games. MTG's organic revenues were up 15% year-over-year in Q3 and 10% for the first nine months of the year. That is reflecting the outstanding quality and focus of execution in our studios. It is also great to see the magnitude of different growth drivers across the business. Within our casual studios and portfolio, several of our new games are now scaling rapidly with great momentum after multiple quarters of iterations in soft love on the games. The geographic expansion that we launched several quarters ago is also now continue to contribute to our growth as we're entering new territories. Performance was equally strong within our mid-core studios. This was primarily driven by the continuous scaling of the Warhammer 40K Tacticals and Heroes of History, as well as the continuous momentum in Formula One Clash following the highly successful season reset in Q2 that we saw. Bringing all these ...