OnMobile Global Ltd. — Earnings Release 2023

Aug 7, 2023

ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bengaluru - 560100, Karnataka, India P: +91 80 4009 6000 | F: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com www.onmobile.com

August 7, 2023

To Department of Corporate Services, The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532944 Scrip Code: ONMOBILE

Dear Sir/ Madam,

Sub: Intimation of Press Release

This is to inform you that OnMobile Global Limited is issuing a press release titled “OnMobile Reports First Quarter of Fiscal year 2024 Results”, a copy of which is enclosed herewith.

Requesting you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited

Digitally signed by VARAPRASAD VARAPRASAD VENKATESWA VENKATESWARA PAKANATI RA PAKANATI Date: 2023.08.07 23:23:10 +05'30'

P V Varaprasad Company Secretary

Encl: a/a

OnMobile Reports First Quarter of Fiscal Year 2024 Results

EBITDA grew 6x on QoQ basis to INR 123 Mn

ONMO B2B: Growth momentum continued; revenue grew 13x on YoY basis and 25 cumulative customer agreements were signed by Q1FY24

Bengaluru, 7th August 2023: OnMobile Global Limited (“OnMobile”), the global leader in mobile gaming & entertainment, today announced the financial results for the First quarter of FY24 ended June 30, 2023.

Highlights:

• PAT increased to INR 98 Mn with a margin of 7.2%

• EBITDA at INR 123 Mn with a margin of 9.0% for the quarter

• Q1FY24 revenues at INR 1,396 Mn, marginally up by 3.8% QoQ. Gross profit stood at INR 771 Mn, a growth of 10.0% on YoY basis

• Challenges Arena: Revenue increased by 2x on a YoY basis and grew 22x over the last 9 quarters

• Challenges Arena: 73 cumulative customer confirmations and 54 customers live as on Q1FY24

• Challenges Arena: 21.34 Mn gross subscribers as on Q1FY24

• ONMO B2B: 25 Customers confirmed (10 live). Revenue grew 18% on QoQ basis

• In Q1FY24 Manpower cost decreased by 13.3% QoQ

Commenting on Q1FY24 results, Sanjay Baweja, MD & Global CEO, OnMobile, said, “ The quarterly revenue performance has been better than last few quarters, and we are focused to scale it further, for rest of the year. The revenue uptick for ONMO has been encouraging, and it will continue to improve over the upcoming quarters. OnMobile continues to stay focused on profitability, targeting even better results in H2 FY24. We are determined to achieve the objective of creating cutting-edge mobile gaming solutions through our focused execution and continuous efforts to digitize our core B2B business. ”

Asheesh Chatterjee, Global Group CFO, said, “ Gross revenue saw a modest sequential growth of 3.8%, which is a good start for the FY24. We achieved a significant quarterly growth in EBITDA through cost optimization efforts. Further, our PAT stood at INR 98 Mn, which shows a healthy sign for the upcoming quarters. ”

Consolidated Financial Press Release:

O Registered office: Tower 1, 94/1C & 94/2, CIN: L64202KA Statement of unaudited conso	O Registered office: Tower 1, 94/1C & 94/2, CIN: L64202KA Statement of unaudited conso	nMobile Global Limited Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 2000PLC027860 Website: www.onmobile.com lidated results for the quarter ended June 30, 2023 Amount in Rs Millions except dataper share	nMobile Global Limited Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 2000PLC027860 Website: www.onmobile.com lidated results for the quarter ended June 30, 2023 Amount in Rs Millions except dataper share	nMobile Global Limited Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 2000PLC027860 Website: www.onmobile.com lidated results for the quarter ended June 30, 2023 Amount in Rs Millions except dataper share	nMobile Global Limited Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 2000PLC027860 Website: www.onmobile.com lidated results for the quarter ended June 30, 2023 Amount in Rs Millions except dataper share
		Quarter ended			Year ended
**Sl. No **	Particulars	June 30, 2023 (Unaudited)	March 31, 2023 (Audited) (Ref Note 6)	Jun 30, 2022 (Unaudited)	March 31, 2023 (Audited)
1 2 3 4 5 6 7 8 9 10 11 12 13 12 13 14	Revenue from Operations Mobile entertainment services Other income (net) Total Income Expenses (a) Content fee and royalty (b) Contest expenses (c) Cost of software licenses and others (d) Employee benefits expenses (e) Finance costs (f) Depreciation and amortisation expenses (g) Marketing expenses (h) Other expenses Total expenses Profit before share of profit/(loss) of associates, exceptional items and tax (1 - 2) Share of profit/(loss) of associates Profit before tax and exceptional items (3+4) Exceptional items - net (Refer note 5) Profit before tax (5+6) Tax expense (a) Current tax (b) Earlier year provision (c) Deferred tax (d) Minimum Alternate Tax (MAT) credit entitlement Total tax Profit for the period / year (7-8) Other comprehensive income A. (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B. (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss Other comprehensive income Total comprehensive income for the period/ year (9+10) Profit attributable to: Owners of the Company Non-controlling interests Total comprehensive income attributable to: Owners of the Company Non-controlling interests Paid up equity share capital (Face value of Rs 10/- each) Other equity Earnings per share (of Rs. 10 each) (not annualised except for year ended March 31, 2023) (a) Basic (b) Diluted	1,370.64 41.36	1,282.00 (12.32)	1,351.28 6.04	5,251.65 107.06
		1,412.00	1,269.68	1,357.32	5,358.71
		559.39 16.43 40.77 281.03 5.06 28.72 230.61 128.81	562.52 (18.66) 31.39 320.72 2.50 25.77 245.19 120.26	643.28 17.90 37.83 320.67 1.98 24.77 151.85 103.58	2,431.06 32.90 136.50 1,339.06 5.95 102.58 754.52 432.74
		1,290.82	1,289.69	1,301.86	5,235.31
		121.18	(20.01)	55.46	123.40
		0.14	(0.26)	-	0.14
		121.32	(20.27)	55.46	123.54
		-	(51.64)	-	(51.64)
		121.32 22.78 - 6.94 (6.90)	(71.91) (9.53) (10.60) (18.62) (11.96)	55.46 11.05 - 3.20 -	71.90 53.61 (10.60) (27.03) (11.96)
		22.82	**(50.71) **	14.25	4.02
		98.50 10.80 (3.15) (101.91) -	(21.20) (1.68) 0.49 (58.47) (0.08)	41.21 4.18 (1.22) 49.31 0.48	67.88 (1.54) 0.45 36.92 0.18
		**(94.26) **	**(59.74) **	52.75	36.01
		4.24	(80.94)	93.96	103.89
		98.34 0.16	(21.38) 0.18	41.21 -	67.27 0.61
		98.50	(21.20)	41.21	67.88
		(94.26) -	(59.74) -	52.75 -	36.01 -
		(94.26)	(59.74)	52.75	36.01
		1,060.70	1,060.15	1,056.42	1,060.15 5,485.99
		0.93 0.93	(0.02) (0.02)	0.39 0.38	0.64 0.64

About OnMobile

OnMobile Global [NSE India: ONMOBILE] [BSE Ltd: 532944], the leader in cutting-edge mobile gaming and entertainment, is headquartered in Bangalore, India, with its presence in over 50 countries across the globe. OnMobile is focused on building customer-first Mobile Gaming products while offering a wide array of digital products such as Videos, Tones, & Contests. Based on current deployments, OnMobile has over 74.7 million monthly users globally. For further information, please visit www.onmobile.com.

For media queries, please contact: pr@onmobile.com