Modern Times Group Reports Net Loss of $14.7M, Invests into B2C, Mobile, and Sports Digitalization Products 

ESL and DreamHack parent Modern Times Group (MTG) reported its financial results for the first quarter of 2021, recording net sales of kr1.01B SEK ($120M USD), up 9.4% compared to kr924M ($110M) in the same quarter last year. The majority of the net sales were generated by the group’s gaming vertical, which recorded kr767M ($91.1M) in net sales or 75.9% of the group’s total net sales, while its esports […] The post Modern Times Group Reports Net Loss of $14.7M, Invests into B2C, Mobile, and Sports Digitalization Products  first appeared on The Esports Observer.
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