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FilingsESEF report

Modern Times Group reports a SEK 210 million net loss for 2024 as revenue rises 3.2% to SEK 6.02 billion

Operating income was SEK 901 million, up 1.8% from SEK 885 million, while the result after interest and tax turned from a SEK 164 million profit to a loss.

From the public record2 min read

Published Filed
RevenueSEK 6.02 billion
Operating incomeSEK 901 million
Net income−SEK 210 million
Year endedDec 31, 2024

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Modern Times Group, the holding company listed as STO: MTG B, reported revenue of SEK 6.02 billion for the year from Jan 1, 2024 to Dec 31, 2024, up 3.2% from SEK 5.83 billion a year earlier. Operating income, the profit from running the business before interest and tax, was SEK 901 million, up 1.8% from SEK 885 million. The company still ended the year with a net loss of SEK 210 million, against net income of SEK 164 million a year earlier. The net loss attributable to the owners of the parent was the same SEK 210 million, against net income of SEK 164 million.12345678910111213

Diluted earnings per share, which counts shares that could be created from options and similar rights, were a loss of SEK 1.74 a share, against earnings of SEK 1.32 a share a year earlier. Share buybacks in the year were SEK 350 million, down 29.9% from SEK 499 million.1415161718

Revenue was SEK 4.0 billion in 2020, SEK 5.31 billion in 2021, SEK 5.54 billion in 2022 and SEK 5.83 billion in 2023, so in the figures we hold it has risen every year since. The annual report reached filings.xbrl.org, a free index of reports in ESEF, the digital format that companies listed in the European Union use for their annual reports, on May 8, 2025.1920212223

The report says the company's impairment test for 2024 gave no write-down for the group. It adds that since 2023 goodwill is tested at the level of the group as a whole, where earlier years tested it studio by studio.2425

We hold 2 earlier ESEF reports for Modern Times Group, and this report gives the same year-earlier figures as the earliest report that gave the year, so none is shown as restated. We hold the Swedish-language report's tagged figures and its passages on EBITDA and impairments, so this article does not explain the gap between operating income and the net loss.262728

How each figure was checked28 facts
  1. revenue of the year to Dec 31, 2024SEK 6.02 billion for the year from Jan 1, 2024 to Dec 31, 2024Our database
  2. revenue of the year beforeSEK 5.83 billion in the same year a year earlierOur database
  3. change in revenue on the year before3.2% on the same year a year earlierOur database
  4. the year the report coversyear from Jan 1, 2024 to Dec 31, 2024Our database
  5. kind of companyholdingOur database
  6. Modern Times Group listingSTO: MTG BOur database
  7. operating income of the year to Dec 31, 2024SEK 901 million for the year from Jan 1, 2024 to Dec 31, 2024Our database
  8. operating income of the year beforeSEK 885 million in the same year a year earlierOur database
  9. change in operating income on the year before1.8% on the same year a year earlierOur database
  10. net result of the year to Dec 31, 2024, a loss−SEK 210 million for the year from Jan 1, 2024 to Dec 31, 2024Our database
  11. net income of the year beforeSEK 164 million in the same year a year earlierOur database
  12. net result attributable to the owners of the parent, a loss−SEK 210 million for the year from Jan 1, 2024 to Dec 31, 2024Our database
  13. net income attributable to the owners of the parent a year earlierSEK 164 million in the same year a year earlierOur database
  14. diluted earnings per share of the year to Dec 31, 2024, a loss per share-1.74 SEK per share for the year from Jan 1, 2024 to Dec 31, 2024Our database
  15. diluted earnings per share of the year before1.32 SEK per share in the same year a year earlierOur database
  16. share buybacks of the year to Dec 31, 2024SEK 350 million for the year from Jan 1, 2024 to Dec 31, 2024Our database
  17. share buybacks of the year beforeSEK 499 million in the same year a year earlierOur database
  18. change in share buybacks on the year before−29.9% on the same year a year earlierOur database
  19. revenue of the year to Dec 31, 2020SEK 4 billion for the year from Jan 1, 2020 to Dec 31, 2020Our database
  20. revenue of the year to Dec 31, 2021SEK 5.31 billion for the year from Jan 1, 2021 to Dec 31, 2021Our database
  21. revenue of the year to Dec 31, 2022SEK 5.54 billion for the year from Jan 1, 2022 to Dec 31, 2022Our database
  22. revenue of the year to Dec 31, 2023SEK 5.83 billion for the year from Jan 1, 2023 to Dec 31, 2023Our database
  23. the day the report reached the ESEF registryMay 8, 2025Our database
  24. the report says the 2024 impairment test gave no write-down for the group2024filings.xbrl.org, report viewer ↗
  25. the report says that from 2023 goodwill is tested for impairment at group level, not studio level as in earlier years2023filings.xbrl.org, report viewer ↗
  26. whether year-earlier figures are told as restatedOur records hold 2 earlier ESEF reports of this company. Against the earliest report that gave the year, this report gives the same year-earlier figures.Our database
  27. what our record of the ESEF report holdsOur record of an ESEF annual report holds the figures its tagged statements give (revenue, the operating result, the net result and the same figures a year earlier) and the day it reached the registry. It also holds the report's text, read once, in the company's language (sv); the dossier offers its passages that state EBITDA, an impairment, net bookings or an adjusted operating result, and no other part of it is offered. We do not hold the report's pictures or tables laid out as the company printed them.Our database
  28. the figures our records hold of the reportOur records hold revenue, operating income, net income and diluted earnings per share for this report's year ended Dec 31, 2024. Our records also hold net income attributable to the owners of the parent for this report's year ended Dec 31, 2024. Other measures a company reports (net income attributable to its owners, EBITDA, impairments, segment figures, adjusted figures) are in our records only where the dossier offers them.Our database

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The record

Company
Modern Times Group (LEI 549300E8NDODRSX29339)
Report
549300E8NDODRSX29339-2024-12-31-ESEF-SE-0
Added to the index
May 8, 2025
Index validation
0 errors, 0 inconsistencies, 2 warnings
Period covered
Jan 1, 2024 – Dec 31, 2024
Revenue
6,015,000,000 SEK
Revenue, a year earlier
5,829,000,000 SEK
Operating income
901,000,000 SEK
Operating income, a year earlier
885,000,000 SEK
Net income
−210,000,000 SEK
Net income, a year earlier
164,000,000 SEK
Share buybacks
350,000,000 SEK
Share buybacks, a year earlier
499,000,000 SEK
Open the source ↗

Annual revenue, last 5 periods

Dec 31, 2024SEK 6.02 billion
Dec 31, 2023SEK 5.83 billion
Dec 31, 2022SEK 5.54 billion
Dec 31, 2021SEK 5.31 billion
Dec 31, 2020SEK 4 billion
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About Modern Times Group

Modern Times Group page →
RevenueSEK 6.02 billionYear to Dec 31, 2024 · +3.19% year over year · about €524.91 million at the ECB rate of Dec 31, 2024
Operating incomeSEK 901 millionYear to Dec 31, 2024 · +1.81% year over year · about €78.63 million at the ECB rate of Dec 31, 2024
Net income−SEK 210 millionYear to Dec 31, 2024 · −228.05% year over year · about −€18.33 million at the ECB rate of Dec 31, 2024

Source: Annual report (ESEF), fiscal year to Dec 31, 2024

Open roles
No public hiring feed we can read
Layoffs, 12 months
No WARN notices in the US states we read

Sources

  1. filings.xbrl.org, report viewer
  2. Modern Times Group annual report, as filed
  3. How we collect our data
Modern Times Group

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