Modern Times Group MTG Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Modern Times Group MTG (STO:MTG B) Full Year 2024 Results

Key Financial Results

• Revenue: kr6.02b (up 3.2% from FY 2023).
• Net loss: kr210.0m (down by 228% from kr164.0m profit in FY 2023).
• kr1.74 loss per share (down from kr1.33 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Modern Times Group MTG Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Entertainment industry in Sweden.

Performance of the Swedish Entertainment industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Modern Times Group MTG's balance sheet health.

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