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, 4th 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.
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
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 www.onmobile.com