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Quarterly operating profit of Modern Times Group 2018-2020

In 2018, the company MGT, formerly known for its broadcast segment, split into two enterprises, Modern Times Group MTG AB and Nordic Entertainment Group (NENT). The EBIT generated by MTG, based in Stockholm, was mostly negative in the last two years. However, in the last eight months of 2020, the operating profit (EBIT) of the online gaming and eSports entertainment company Modern Times Group was positive and by the third quarter of 2020, it amounted to 54 million Swedish kronor.

Operating profit (EBIT) of Modern Times Group from 3rd quarter 2018 to 3rd quarter 2020

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Source

Release date

November 2020

Region

Worldwide, Europe, Sweden

Survey time period

Q3 2018 to Q3 2020

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