OnMobile Global Ltd. — Earnings Release 2024

Feb 8, 2024

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

February 9, 2024

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 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: 2024.02.09 00:28:27 +05'30'

P V Varaprasad Company Secretary

Encl: a/a

OnMobile Reports Third Quarter of Fiscal Year 2024 Results

Nine-month EBITDA of INR 248 Mn at 2.3x YoY

Mobile Gaming: Growth momentum continues; Nine-month revenue grew 38.8% YoY

Bengaluru, 8th February 2024: OnMobile Global Limited (“OnMobile”), the global leader in mobile gaming & entertainment, today announced the financial results for the Third quarter of FY24 ended December 31, 2023.

Highlights:

• Q3FY24 revenue at INR 1,222 Mn, down 10.3% QoQ due to reconciliation adjustments with customers recognized last quarter

• Q3FY24 international revenue is 92% of total revenue

• During the quarter, opex cost reduced by 8.6% to INR 114 Mn

• Mobile gaming: 14 operators went live in Q3 FY24 and 89 went live during 9MFY24

• Mobile Gaming: 33.22 Mn gross subscribers as on Q3FY24 and Net active subscribers at 5.34 Mn

• 9MFY24 Gross profit margin stood at 53.2% vs 52.3% YoY

• 9MFY24 EBITDA at INR 248 Mn vs INR 107 Mn in 9MFY23, 2.3x YoY; Operating profit is over 5x YoY

• 9MFY24 PAT at INR 160 Mn, with a margin of 4.1%

• Mobile gaming revenue increased by 38.8% YoY to INR 604 Mn during 9MFY24

Commenting on Q3FY24 results, Sanjay Baweja, MD & Global CEO,

OnMobile, said, “This quarter’s topline & profitability got jolted by delayed launches and one-off billings done in the last quarter with some customers. Our gaming business, saw growth with an increase of 38.8% YoY during 9MFY24. “

Radhika Venugopal, VP Finance, said, “For 9MFY24, despite the decline in top-line, EBITDA and Operating profit saw a growth of 2.3x and over 5x on YoY basis respectively. We are witnessing a steady increase in the number of active subscribers for our Gaming Business, which will help us improve revenue & profitability in the coming quarters. ”

Consolidated Financial Press Release:

Registered office: Tow Statement of unaudited co	Registered office: Tow Statement of unaudited co	OnMobile Global Limited er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com nsolidated financial results for the quarter and and nine months ended December 31, 2023 Amount in Rs Millions except dataper share	OnMobile Global Limited er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com nsolidated financial results for the quarter and and nine months ended December 31, 2023 Amount in Rs Millions except dataper share	OnMobile Global Limited er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com nsolidated financial results for the quarter and and nine months ended December 31, 2023 Amount in Rs Millions except dataper share	OnMobile Global Limited er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com nsolidated financial results for the quarter and and nine months ended December 31, 2023 Amount in Rs Millions except dataper share	OnMobile Global Limited er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com nsolidated financial results for the quarter and and nine months ended December 31, 2023 Amount in Rs Millions except dataper share	OnMobile Global Limited er 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com nsolidated financial results for the quarter and and nine months ended December 31, 2023 Amount in Rs Millions except dataper share
		Quarter ended			Year Ended Nine months ended
**Sl. No **	Particulars	December 31, 2023 (Unaudited)	September 30, 2023 (Unaudited)	December 31, 2022 (Unaudited)	December 31, 2023 (Unaudited)	December 31, 2022 (Unaudited)	March 31, 2023 (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) Profit before tax (5+6) (b) Minimum Alternate Tax Tax expense (a) Current tax (b) Earlier year provision (c) Deferred tax (d) Minimum Alternate Tax - 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 See accompanyingnotes to the financial results	1,197.27 44.04	1,337.68 81.68	1,308.85 72.11	3,905.59 167.08	3,969.65 119.38	5,251.65 107.06
		1,241.31	1,419.36	1,380.96	4,072.67	4,089.03	5,358.71
		595.28 7.73 31.18 269.24 12.59 28.10 202.34 89.88	629.34 3.22 36.75 268.16 10.46 28.62 212.56 108.48	598.74 17.53 29.67 333.20 0.12 26.63 192.52 112.19	1,784.01 27.38 108.70 818.43 28.11 85.44 645.51 327.17	1,868.54 51.56 105.11 1,018.34 3.45 76.81 509.33 313.25	2,431.06 32.90 136.50 1,339.06 5.95 102.58 754.52 432.74
		1,236.34	1,297.59	1,310.60	3,824.75	3,946.39	5,235.31
		4.97	121.77	70.36	247.92	142.64	123.40
		0.15	0.16	0.16	0.45	0.40	0.14
		5.12	121.93	70.52	248.37	143.04	123.54
		-	-	-	-	-	(51.64)
		5.12 27.74 - 1.32 -	121.93 (2.79) - 32.41 6.90	70.52 36.93 - (9.53) 2.22	248.37 47.73 40.67 -	143.04 63.14 - (8.41) -	71.90 53.61 (10.60) (27.03) (11.96)
		29.06	36.52	29.62	88.40	54.73	4.02
		(23.94) 18.65 2.70 25.57 - -	85.41 (15.50) 4.52 (20.11) -	40.90 - - 156.38 -	159.97 13.95 4.07 (96.45) -	88.31 0.14 (0.04) 95.39 0.26	67.88 (1.54) 0.45 36.92 0.18
		46.92	**(31.09) **	156.38	**(78.43) **	95.75	36.01
		22.98	54.32	197.28	81.54	184.06	103.89
		(25.25) 1.31	85.19 0.22	40.59 0.31	158.28 1.69	87.88 0.43	67.27 0.61
		(23.94)	85.41	40.90	159.97	88.31	67.88
		46.92 -	(31.09) -	156.38 -	(78.43) -	95.75 -	36.01 -
		46.92	(31.09)	156.38	(78.43)	95.75	36.01
		1,062.14	1,062.06	1,059.09	1,062.14	1,059.09	1,060.15 5,485.99
		(0.23) (0.23)	0.80 0.80	0.38 0.39	1.51 1.51	0.83 0.83	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 65 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 70.5 Million monthly users globally. For further information, please visit www.onmobile.com.

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