For the January-March period, Modern Times Group reports record Q1 sales of €450M, with 9.2% organic growth compared to a year earlier.

MTGx, the company’s digital, online games and esports division, saw a 226% increase in sales—with esports sales up 32%, driven by over 70% growth in ESL’s event revenues.

The company announced plans in late March 2018 to separate itself into two separate, publicly traded companies.

Modern Times Group MTG AB (MTG) has released its Q1 2018 interim report, with the Swedish entertainment group reporting record level sales of SEK 4,674M (€450.3M) and a profit increase of 73%. All of this comes ahead of the company’s proposed split, which will separate its Nordic TV businesses from its digital entertainment companies—which include online gaming and esports.

Related Article: ESL and DreamHack Parent Company, MTG, to Split Into Two Listed Entities

MTG’s digital entertainment vertical, MTGx (which will become MTG after the demerger) reported a 226% rise in sales on a reported basis and 27% on an organic basis. Overall, this segment of the group reported SEK 952M ($112M) in revenue.

MTG became a major player in the esports space in 2015, by acquiring a 74% share in ESL/Turtle Entertainment for €78M. In November of that same year, it acquired complete ownership of digital events company DreamHack, in a deal with an enterprise value of SEK 244M (€26M).

According to the Q1 2018 report, esports sales for MTGx were up 32% from last quarter, driven by more than 70% growth in ESL’s revenues from own and operated events. This was mitigated partly by lower white label revenues, reflecting ESL’s decision not to re-run one of its white label events from the year before. This was also a seasonally small sales quarter for DreamHack, especially since the upcoming DreamHack Masters event was moved from March to April.

From its online gaming division, MTG reports SEK 577M ($68M) in sales. This comes from Kongregate, a mobile game publisher which MTG acquired from Gamestop for $55M in 2017, and German mobile games studio Innogames, which MTG spent $90.1M to increase its stake in to 51% in May 2017.