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MTG Q2 revenue rises as video consumption grows

Tuesday 19 July 2016 | 14:10 CET | News
Swedish digital entertainment company Modern Times Group (MTG) said sales in the second quarter of 2016 rose to SEK 4.328 billion from SEK 4.155 billion and operating income grew to SEK 472 million from SEK 452 million. Video consumption continues to grow and move more online, on mobile and on demand, and its group-wide digital sales increased by 2.5 times. Net income from continuing operations fell to SEK 328 million from SEK 360 million and basic earnings per share dropped to SEK 4.33 from SEK 4.98.

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Categories: Broadcast & Satellite
Companies: Modern Times Group
Countries: World
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