MTG: annual EBIT 2018-2021, by segment

Published by
Jessica Clement,
Apr 17, 2023
In 2021, the gaming and eSports entertainment company Modern Times Group (MTG) generated the highest EBIT with its gaming segment, at 640 million Swedish kronor. This vertical includes the U.S.-based video game developer Kongregate and German-based InnoGames. The other business area, eSports, comprises the company Turtle Entertainment, headquartered in Germany, and Swedish Dreamhack and accumulated an annual net operating loss of 388 million Swedish kronor.

Annual earnings before interest and taxes (EBIT) generated by Modern Times Group from 2018 to 2021, by segment (in million SEK)

CharacteristiceSportsGaming
2018 -85 323
2019 -430 269
2020 -288 436
2021 -338 640
Showing entries 1 to 4 (4 entries in total)
Created with Highcharts 7.2.2EBIT in million SEK-85-85-430-430-288-288-338-338323323269269436436640640eSportsGaming2018201920202021
-500-2500250500750

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Release date

April 2022

Region

Worldwide, Europe, Sweden

Survey time period

2018 to 2021

Supplementary notes

Due to segment restructuring and sell-offs of the eSports segment, this metric has been discontinued by the source.

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