OnMobile Global Ltd. — Earnings Release 2023

Feb 6, 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

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www.onmobile.com

February 6, 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 Third Quarter of Fiscal year 2023 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

VARAPRASAD Digitally signed by VARAPRASAD VENKATESWAR VENKATESWARA PAKANATI Date: 2023.02.06 23:55:56 A PAKANATI +05'30' P V Varaprasad Company Secretary

Encl: a/a

OnMobile Reports Third Quarter of Fiscal Year 2023 Results

Challenges Arena: The expansionary trend continued; revenue grew 21x since its launch and 62 cumulative customer agreements by Q3FY23

Bengaluru, 6th February 2023: OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for the Third quarter and Nine months FY23 ended December 31, 2022.

Highlights:

• Challenges Arena: Revenue increased by almost 52% on a QoQ and ~7x on a YoY basis and grew ~21x over the last 7 quarters

• Challenges Arena: 62 cumulative customer confirmations and 35 customers live as on Q3FY23

• Challenges Arena: 13.64 Mn gross subscribers as on Q3FY23

• Challenges Arena: By Q3FY23, the Net active base increased to 3.1 Mn from 1.98 Mn in September 2022

• ONMO B2B: 18 customers confirmed and 4 customers live as on Q3FY23. Revenue grew 77% QoQ

• Q3FY23 revenues at INR 1,369 Mn, flat QoQ. Gross profit stood at INR 706 Mn a growth of 3.4%. Gross margin improved by 170 basis points QoQ (~53.9% gross margin in Q3FY23)

• 9MFY23 revenues at INR 4,145 Mn, up by 0.8%; Gross profit stood at INR 2,101 Mn, a growth of 4.3% YoY basis. Gross margin improved by 150 basis points YoY (~52.9% gross margin in 9MFY23)

• Q3FY23 PAT grew by 555% QoQ to INR 41 Mn from INR 6 Mn in Q2FY23

• In Q3FY23 Marketing cost grew by 10.5% QoQ and 87.3% YoY primarily due to investments in new launches

Commenting on Q3FY23 results, Sanjay Baweja, CEO & MD, OnMobile, said,

“ Revenue was flat on a sequential basis. According to our strategy, we will continue to invest in marketing to increase our profitability in the long run. The worst is behind us, and CA and ONMO are gaining traction. We are well-positioned to achieve our goal of creating cutting-edge mobile gaming solutions thanks to our targeted execution and continued efforts to digitize our core B2B businesses. ”

Asheesh Chatterjee, Global Group CFO, said, “ EBITDA saw substantial growth from last quarter, lead by improvement in gross margins on account of revenue mix increasing in favor of CA which has higher margin. We are making good progress in both CA & ONMO and would see CA contributing to profitability and ONMO towards revenue growth in the coming quarters. ”

Consolidated Financial Press Release:

Statement of unaudited con Registered office: Tow	Statement of unaudited con Registered office: Tow	OnMobile Global Limited solidated financial results for the quarter and and nine months ended December 31, 2022 er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com Amount in Rs Millions except dataper share	OnMobile Global Limited solidated financial results for the quarter and and nine months ended December 31, 2022 er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com Amount in Rs Millions except dataper share	OnMobile Global Limited solidated financial results for the quarter and and nine months ended December 31, 2022 er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com Amount in Rs Millions except dataper share	OnMobile Global Limited solidated financial results for the quarter and and nine months ended December 31, 2022 er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com Amount in Rs Millions except dataper share	OnMobile Global Limited solidated financial results for the quarter and and nine months ended December 31, 2022 er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com Amount in Rs Millions except dataper share	OnMobile Global Limited solidated financial results for the quarter and and nine months ended December 31, 2022 er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com Amount in Rs Millions except dataper share
		Quarter ended			Year Ended Nine months ended
**Sl. No **	Particulars	December 31, 2022 (Unaudited)	September 30, 2022 (Unaudited)	December 31, 2021 (Unaudited)	December 31, 2022 (Unaudited)	December 31, 2021 (Unaudited)	March 31, 2022 (Audited)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16	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 and 6) Profit before tax (5+6) Tax expense (a) Current tax (b) Minimum Alternate Tax (c) Earlier year provision (d) Deferred tax Total tax Profit for the period / year (7-8) Other comprehensive income A. (i) Items that will not be reclassified to profit or loss (Refer Note 7) (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, 2022) (a) Basic (b) Diluted See accompanyingnotes to the financial results	1,308.85 72.11	1,309.52 41.23	1,331.84 17.25	3,969.65 119.38	3,923.86 60.15	5,195.44 72.12
		1,380.96	1,350.75	1,349.09	4,089.03	3,984.01	5,267.56
		598.74 17.53 29.67 333.20 0.12 26.63 192.52 112.19	626.52 16.13 37.61 364.47 1.35 25.41 164.96 97.48	628.71 12.83 38.12 326.44 2.00 24.53 91.83 100.72	1,868.54 51.56 105.11 1,018.34 3.45 76.81 509.33 313.25	1,908.54 32.03 96.09 952.48 5.44 78.49 251.85 317.10	2,530.17 48.72 112.03 1,230.64 7.48 103.72 398.17 423.37
		1,310.60	1,333.93	1,225.18	3,946.39	3,642.02	4,854.30
		70.36	16.82	123.91	142.64	341.99	413.26
		0.16	0.24	-	0.40	1.04	1.04
		70.52	17.06	123.91	143.04	343.03	414.30
		-	-	-	-	57.22	57.22
		70.52 36.93 2.22 - (9.53)	17.06 15.16 (2.22) - (2.08)	123.91 36.87 - - (0.15)	143.04 63.14 - - (8.41)	400.25 109.10 - - 13.26	471.52 132.47 - (12.90) 27.39
		29.62	10.86	36.72	54.73	122.36	146.96
		40.90 - - 156.38 -	6.20 (4.04) 1.17 (110.30) (0.22)	87.19 193.05 (46.45) (61.39) 0.80	88.31 0.14 (0.04) 95.39 0.26	277.89 192.31 (46.21) (92.83) 0.80	324.56 197.56 (46.14) (118.96) (0.18)
		156.38	**(113.39) **	86.01	95.75	54.07	32.28
		197.28	(107.19)	173.20	184.06	331.96	356.84
		40.59 0.31	6.08 0.12	87.19 -	87.88 0.43	277.89 -	324.56 -
		40.90	6.20	87.19	88.31	277.89	324.56
		156.38 -	(113.39) -	86.01 -	95.75 -	54.07 -	32.28 -
		156.38	(113.39)	86.01	95.75	54.07	32.28
		1,059.09	1,059.02	1,053.74	1,059.09	1,053.74	1,056.02 5,471.86
		0.38 0.39	0.06 0.06	0.83 0.82	0.83 0.83	2.65 2.61	3.08 3.05

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