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OnMobile Global Ltd. — Earnings Release 2025
Feb 4, 2025
62296_rns_2025-02-05_66058cda-df69-4ede-83e7-9d2df17c7326.pdf
Earnings Release
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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 - [email protected] www.onmobile.com
February 5, 2025
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 2025 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 Pakanati V Pakanati V Varaprasad Date: 2025.02.05 Varaprasad 00:09:46 +05'30' P V Varaprasad Company Secretary
Encl: a/a
OnMobile Reports Third Quarter of Fiscal Year 2025 Results
EBITDA grew 4x on QoQ basis to INR 81 Mn
Momentum continues in mobile gaming with revenues growing by – 134.5% QoQ. Active subscriber base 9.26 Mn (9.1% QoQ)
Bengaluru, 4[th] February 2025: OnMobile Global Limited (“OnMobile”), the global leader in mobile gaming & entertainment, today announced the financial results for the Third quarter of FY25 ended December 31, 2024.
Highlights:
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Q3FY25 revenue at INR 1,665Mn, up 26.3% QoQ
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Q3FY25 gross profit at INR 732Mn, up 10.6% QoQ
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Q3FY25 EBITDA at INR 81Mn as compared to INR 18Mn in Q2, margin at 4.9%
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Gaming subscription revenue grew by 16.9% QoQ to INR 304 Mn
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Gaming platform revenue grew to INR 450 Mn during Q3FY25
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9.26Mn active subscriber base in mobile gaming in Q3 FY25; increase of 9.1% QoQ
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DSO has reduced to 94 days compared to 113 days in Q2
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Capex investment of upto $15Mn will be required to further support the gaming revenue
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Revenue generation is directly proportionate to capex financing
Commenting on Q3FY25 results, Bikram Singh Sherawat, President & COO, OnMobile, said, “We’re thrilled to share that we have more than doubled our gaming revenue from the last quarter to INR 754Mn in Q3. This significant increase is largely attributed to the continued strong performance of Gaming subscription business and ramp up of Gaming Platform business , aligning perfectly with our strategic objectives for the Gaming segment. Our active subscriber base also saw healthy growth, now reaching 9.26 million. I am excited to see the continued growth and innovation that OnMobile will bring in the upcoming quarters.”
Radhika Venugopal, Global CFO, OnMobile said, “We’re delighted to report growth in revenue as well as EBITDA for the quarter. Increase in our quarterly revenue, resulted in growing EBITDA to INR 81Mn compared to INR 18Mn in the last quarter. It is inspiring to see how the strategic initiatives and investments in new technologies are paying off. We consistently strive to achieve growth in both revenue and profitability each quarter.“
Consolidated Financial Press Release:
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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 70 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 126 customers and 72 million monthly users globally. For further information, please visit. For further information, please visit www.onmobile.com.
For media queries, please contact: [email protected]