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MO Record results driven by strong strategy execution leading to 16 percent pro forma net sales growth for the Group Q3 2021 The gaming vertical delivered a record quarter , driven by the inclusion of the newly acquired companies Hutch , Ninja Kiwi , and PlaySimple . Net sales amounted to SEK 1,081 million resulting in a year - over - year growth of 59 percent , which is equivalent to 8 percent pro forma net sales growth for the vertical Following the diversification of the gaming vertical , MTG has created a central gaming organization to drive further synergies between its operating companies . As a result , Kongregate's CEO Markus Lipp and InnoGames ' CMO Christian Pern will transition to new roles within the gaming vertical , taking up positions as gaming vertical CFO and CMO respectively The esports vertical reported a second consecutive quarter of net sales growth , on the back of a robust event schedule . ESL Gaming hosted five digital - only Master properties , of which one was a studio event . Net sales amounted to SEK 357 million , resulting in a year - over - year growth of 53 percent MTG's esports vertical continued to enhance its offerings and improve its strategic position with an elevated level of investment , ahead of a return to a full live - audience event schedule , which is expected during Q1 2022 Financial highlights Net sales increased by 58 percent to SEK 1,438 ( 912 ) million or 61 percent at constant currencies . Reflecting the headwinds faced by InnoGames and , to a lesser extent , Kongregate , organic growth was flat . Pro forma net sales growth amounted to 16 percent Adjusted EBITDA of SEK 306 ( 196 ) million . Adjustments included long - term incentive programs ( LTI ) of SEK 28 ( 50 ) million and total M & A transaction costs of SEK 41 ( 1 ) million EBITDA of SEK 237 ( 124 ) million and EBIT of SEK 95 ( 54 ) million Net income of SEK 45 ( -11 ) million and basic earnings per share , before dilution of SEK 0.39 ( -0.88 ) and after dilution of SEK 0.39 ( -0.88 ) Cash balance of SEK 1,048 ( 1,589 ) million Financial overview ( SEKm ) Net sales of which Gaming of which Esports EBIT EBITDA Adjusted EBITDA Net income Basic earnings per share , SEK Diluted earnings per share , SEK Sales growth , % Changes in FX rates , % Sales growth at constant FX , % of which organic growth , % Q3 2021 1,438 1,081 357 95 237 306 45 0.39 0.39 58 % -3 % 61 % 0 % Q3 2020 912 679 234 Interim report July - September 54 124 196 -11 -0.88 -0.88 -13 % -4 % -9 % -9 % Nine months 2021 3,647 2,659 988 63 405 561 -90 -1.06 -1.05 24 % -6 % 30 % -1 % Nine months 2020 2,932 2,047 885 -56 159 342 -162 -3.86 -3.86 -5 % 0 % -5 % -5 % FY 2020 3,997 2,682 1,315 35 319 535 -96 -2.99 -2.99 -6 % -2 % -4 % -4 %