MTG publishes Q2 April-June 2020 Financial Results
STOCKHOLM, July 23[rd] 2020 — Modern Times Group MTG AB (publ) (“MTG”) today publishes its Q2 2020 financial results report. MTG’s gaming vertical demonstrated its best quarterly result ever, and the esports vertical reports a relatively strong quarter despite the pandemic impact compared to the financial guidance from 1H 2020.“InnoGames demonstrated strong performance in the second quarter and continued to invest heavily into marketing to support future growth. The positive development was driven in part by effects of the ongoing coronavirus pandemic, which has led to increased gaming.