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MTG lifts Q2 net sales 11%, cuts FY target after slower esports media rights monetisation

Monday 22 July 2019 | 12:32 CET | News
Modern Times Group (MTG) has reported an 11 percent growth in second quarter net sales with positive EBITDA and a reduced EBIT loss, but has lowered its full-year guidance to reflect a slower development and monetisation of media rights in esports. It said it lacks qualitative data on its properties, hampering efforts to sell and price media rights.

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Categories: Internet
Companies: Modern Times Group
Countries: Sweden / World
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