Press Release15 May 2024, 02:20 am
OnMobile Global Limited Reports 122% YoY Increase in Q4FY24 EBITDA to INR 283 Mn
AI Summary
OnMobile Global Limited announced its financial results for the fourth quarter of FY24, reporting a significant increase in EBITDA to INR 283 Mn, up 122% YoY from INR 127 Mn in FY23. The company's mobile gaming revenue grew by 19.5% YoY to INR 804 Mn. Additionally, the net active subscriber base in mobile gaming increased by 26% QoQ to 6.75 Million.
Key Highlights
- Fourth quarter of FY24 revenue at INR 1,252 Mn, up 2.4% QoQ
- Q4FY24 gross profit improved to INR 643 Mn at 52.4%
- Q4FY24 EBITDA at INR 283 Mn vs INR 2 Mn last quarter
- FY24 people cost reduced by 19.2% to INR 1,082 Mn vs INR 1,339 Mn in FY23
- Mobile Gaming revenue increased by 19.5% YoY to INR 804 Mn during FY24
- Net active subscriber base in mobile gaming in Q4 FY24 increased by 26% QoQ