Impact of COVID-19 on Modern Times Group's eSports revenue 2020

Revenue in Modern Time Group's eSports vertical is expected to decline by 25 to 35 percent in the first half of 2020, compared to the same period in 2019. This is mainly a result of events being either canceled, moved to only online or postponed due to the coronavirus (COVID-19) outbreak. Additionally, the company predicted a negative growth of 25 percent for the first quarter of 2020. However, the reported revenue decline was slightly lower than expected.

Modern Times Group (MTG) is a leading player in eSports and gaming entertainment headquartered in Sweden's capital.

Forecasted and reported year-on-year revenue change of Modern Times Group's (MTG) eSports vertical due the coronavirus pandemic in 1st quartal 2020 and 1st half 2020

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Source

Release date

April 2020

Region

Worldwide, Sweden

Survey time period

March 2020

Supplementary notes

The figures have been taken from different publications.

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