| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 164.01 | 26.8% |
| Total Income | 165.62 | 26.6% |
| Expenditure | 164.00 | 18.6% |
| PBT | -3.35 | 69.2% |
| Net Profit | -5.21 | 56.9% |
| OPM | -9.12% | 7.92pp |
| NPM | -2.95% | 6.57pp |
| EPS | -0.48 | 142.5% |
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
05 Feb 2025 · 5 Feb 2025, 05:50 am
Summary
OnMobile Global Limited, the global leader in mobile gaming & entertainment, announced financial results for the Third quarter of FY25 ended December 31, 2024. Highlights include a 26.3% QoQ increase in revenue, 10.6% QoQ growth in gross profit, and 4x QoQ growth in EBITDA. Gaming subscription revenue grew by 16.9% QoQ to INR 304 Mn and gaming platform revenue grew to INR 450 Mn. The active subscriber base in mobile gaming is 9.26 million, an increase of 9.1% QoQ. Capex investment of up to $15Mn will be required to further support the gaming revenue.
Key Highlights
- 1
Q3FY25 revenue at INR 1,665Mn, up 26.3% QoQ
- 2
Q3FY25 gross profit at INR 732Mn, up 10.6% QoQ
- 3
Q3FY25 EBITDA at INR 81Mn as compared to INR 18Mn in Q2, margin at 4.9%
- 4
Gaming subscription revenue grew by 16.9% QoQ to INR 304 Mn
- 5
Gaming platform revenue grew to INR 450 Mn during Q3FY25
- 6
9.26Mn active subscriber base in mobile gaming in Q3 FY25; increase of 9.1% QoQ
- 7
DSO has reduced to 94 days compared to 113 days in Q2
- 8
Capex investment of up to $15Mn will be required to further support the gaming revenue
Management Comments
Bikram Singh Sherawat
President & COO, OnMobile
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
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.
Informational and educational content only. Not investment advice.